A collaboration among the University of Oklahoma, Oklahoma State University, Cowboy Technologies LLC and i2E Inc. is being launched with the promise of increasing jobs and enhancing the number of new technologies that are spun out of university laboratories and into the marketplace.
An agreement among the four entities resulted in establishing the Oklahoma Proof of Concept Center, which will identify compelling technologies discovered on OU and OSU campuses and help successfully spin them off into startup or existing companies.
The virtual center unifies the expertise from the entities into a focused effort that will answer critical questions that challenge any technology-based startup. Products are accelerated to the marketplace through coordinating efforts to validate markets, developing customer driven prototypes, obtaining guidance and feedback from industry mentors and providing access to capital necessary.
“It is more important now than ever that our state's universities and state agencies work together to provide greater access to resources for our students,” said University of Oklahoma President David L. Boren. “This collaboration will allow our citizens to create technology-based jobs and grow our state's economy with the commercialization of Oklahoma innovation.”
The Oklahoma Proof of Concept Center is designed to help find the shortest path to convert technology into prototypes by leveraging the combined resources and expertise.
Organizers of the effort say it will result in more spinoffs from Oklahoma research institutions and more productive, sustainable ventures positioned for both capital investment and market acceptance.