Improving Technology Commercialization to Drive Future Economic Growth

Kauffman Foundation - "Chairman Lipinski and Members of the Subcommittee, thank you for this opportunity to testify before the Subcommittee focused on the role that improving technology commercialization of government-funded research can play in driving economic growth and job creation...The Ewing Marion Kauffman Foundation has been interested in economic growth through the mechanisms of innovation and firm formation...as well as the more narrowly focused conversation we will have today on technology commercialization.

In my testimony today, I will highlight three main policy proposals and review the Kauffman Foundation's current thinking on best practices in technology commercialization. First, we call for an increase in the transparency of research resulting from federal funding through the creation of an "Innovation Exchange." Second, we encourage federal agencies funding research to become more involved with driving university-specific improvements in technology commercialization. Third, we call for an increase in funding allocations for proof-of-concept centers and commercialization education programs through federal agencies funding research."  Hat Tip: Innovation Daily

More Hearing Information Here and Witness List:

• Dr. Thomas W. Peterson, Assistant Director, Directorate for Engineering, National Science
• Foundation
• Ms. Lesa Mitchell, Vice President of Advancing Innovation, Ewing Marion Kauffman
• Foundation
• Mr. W. Mark Crowell, Executive Director & Associate Vice President for Innovation
• Partnerships and Commercialization, University of Virginia
• Mr. Wayne Watkins, Associate Vice President for Research, University of Akron
• Mr. Keith L. Crandell, Co-founder and Managing Director, ARCH Venture Partners
• Mr. Neil D. Kane, President and Co-founder, Advanced Diamond Technologies, Inc.