The ability to transfer discoveries and innovations from the laboratory to the marketplace strengthens the economy and enables us to truly help people.
Along with augmenting life sciences research capacity and attracting and retaining talented researchers and workers, commercialization is a key component of a three-pronged approach to capitalizing on regional life sciences assets.
Success in commercialization efforts requires a state-of-the-art technology transfer infrastructure, including mentoring education, entrepreneurial support services, seed capital, and wet laboratory incubators.
An effective infrastructure will yield increased deal flow, resulting in increased investor interest. As deals increase, there is a higher likelihood of more positive outcomes from these investments, creating a more fertile entrepreneurial environment.
This is the cycle that produces new wealth, improved employment opportunities, higher standards of living, greater disposable income, and all the other benefits of a prosperous and enlightened community.