BOSTON--(BUSINESS WIRE)--Foresight Science & Technology, Inc. (Foresight) (www.ForesightST.com) and Apio Partners (Apio) today announce their combination under the Foresight company name, effective August 1, 2014. Foresight is a 35-year-old technology transfer firm and one of the largest global players in market research and technology commercialization services, with offices in the U.S., Europe, South America, and Asia. Portland-based Apio Partners, founded by Arundeep S. Pradhan, MS, and Kristin Rencher, MBA, RTTP, is a technology transfer management and consulting firm specializing in intellectual property management, licensing, and marketing of early stage technologies and companies. Both Mr. Pradhan and Ms. Rencher will assume senior management positions at Foresight. Merging the strengths of both firms, Foresight is expanding its domestic and international capabilities to continue to deliver best in class technology transfer commercialization services.
Phyl Speser, JD, PhD, RTTP, founder and CEO of Foresight, noted, “As Foresight expands, we have entered a merger and acquisition phase. We are especially pleased to initiate this phase of corporate growth by having Apio’s seasoned senior managers join Foresight’s leadership as we exploit new opportunities in the academic and government technology transfer market, both in the U.S. and abroad.” Speser is the author of the seminal book The Art and Science of Technology Transfer and an internationally known expert in the field.
“By teaming with FST, a global leader in technology commercialization, we are able to bring even more sophisticated tools, services and expertise to further the commercialization of research-based innovations,” said Pradhan, former president of the Association of University Technology Managers and Associate Vice President for Technology Transfer and Business Development at Oregon Health & Science University. Pradhan will serve as Senior Vice President of the newly combined companies.
The combination will allow continued international and domestic growth for a company that has been a long-standing player in development of global intellectual property- based innovation ecosystems. Existing product lines will be enhanced, and additional product lines such as technology marketing, licensing, startup development will be added. With this expansion, Foresight becomes an even more comprehensive technology commercialization enterprise. Plans are in place for the 2015 debut of enhanced products, such as T2+2™ version 3.0, the development of a mobile technology commercialization app, and the creation of two new business units.
Foresight Science & Technology, Inc. has U.S. offices in Boston, San Francisco, and now Portland; Global offices are located in Oxford, England; Singapore; and Santiago, Chile; with a new office to be established in New Delhi, India in Q4 of 2014.