Annette Hacker, director,
Office: (515) 294-4777
John Brighton, Vice Provost for Research, (515) 294-6344
Steve Carter, Iowa State University Research Park, (515) 296-7275
Mike Krapfl, News Service, (515) 294-4917
State dollars will help Iowa State University commercialize campus research
AMES, Iowa -- Iowa State University will boost commercialization of campus research by using state economic development money to support promising projects and enhance the university's technology transfer efforts.
State lawmakers agreed last spring to appropriate $5 million per year for 10 years to Iowa's three regent universities. The money is to be matched by the universities and used to grow Iowa's economy. Iowa State's share is $1.925 million for each of the 10 years. The Board of Regents, State of Iowa, approved Iowa State's plan for the money in September.
"Iowa State University researchers have a record of turning campus innovations into businesses and commercial applications," said John Brighton, Iowa State's vice provost for research. "This funding demonstrates the state's and Iowa State's commitment to doing more to strengthen Iowa's economy by generating and supporting high-tech industries."
Iowa State's plan for the economic development appropriation includes three programs:
"This is a significant new source of funds to support research and commercialization at Iowa State," said Steve Carter, the director of Iowa State's research park and Pappajohn center. "And for the state of Iowa, it is the first source of funds to encourage research with commercial applications. This is a great opportunity for the university and the state of Iowa."
Iowa State University will use state economic development dollars to support short-term projects at six companies, award grants to university projects with high potential for commercialization and support Iowa State offices that provide technology transfer services.
"Iowa State University researchers have a record of turning campus innovations into businesses and commercial applications. This funding demonstrates the state's and Iowa State's commitment to doing more to strengthen Iowa's economy by generating and supporting high-tech industries."
John Brighton, Iowa State University's vice provost for research