“This collaboration offers the opportunity to join forces and enter the marketplace with technologies that create new and exciting solutions that benefit our state and the world,” said Oklahoma State University President Burns Hargis.
While a university-based proof-of-concept center is not unique, organizers of the Oklahoma Proof of Concept Center said it takes an innovative cross-state approach that includes multiple regional entities working together.
“With the united effort that the Proof of Concept Center represents, we expect to see spinouts from our campuses to increase in both number and success reaching the marketplace,” said Steve Wood, chief executive officer at Cowboy Technologies.
i2E and Cowboy Technologies both contribute expertise in business development and market research, as well as expanded access to sources of capital.
“The beauty of this collective approach is that we aren't duplicating or adding infrastructure to the technology transfer process,” said Rex Smitherman, interim president and chief executive officer of i2E. “We're sharing and leveraging our individual resources to move innovative technologies from the laboratory to the marketplace to increase deal flow.”