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- The Center for Advanced Technology and Innovation
has received recognition for its technology-based economic development programs.
An award from the International Economic Development Council
recognizes CATI's work in developing a $40 million patent portfolio from national companies such as Kraft Foods
, S.C. Johnson
, and Boeing
The portfolio also includes six license agreements, five company product line expansions, and three new company launches within the last two years.
CATI's commercialization management model assists businesses through product development, new market assessment, and by acquiring and licensing applied technologies that are developed - and mostly unused - by private industry and transferring it to entrepreneurs and existing businesses.
Matt Wagner, executive director of CATI, said the award validates its approach to technology transfer as a viable economic development tool. "We are honored to have been selected by the leading international organization for economic development professionals," Wagner said.
He added that CATI will look to leverage the IEDC award to increase the awareness of the organization and its technology-transfer services.Related stories
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