DAVIS, Calif.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions.
The corrected release reads:
UC DAVIS GRADUATE SCHOOL OF MANAGEMENT PARTNERS WITH LAWRENCE LIVERMORE AND SANDIA NATIONAL LABS TO DRIVE TECHNOLOGIES FROM LAB TO MARKET
With a joint goal of speeding the transfer of new technologies from the laboratory to the commercial marketplace, the UC Davis Graduate School of Management, Lawrence Livermore National Laboratory and Sandia National Laboratories have announced a new partnership for researchers to develop their entrepreneurial skills.
The two Livermore national labs, the UC Davis management school and the Livermore-based i-GATE Innovation Hub, received a highly competitive $350,000 grant from the U.S. Department of Energy's Energy Efficiency and Renewable Energy office to launch the pilot program known as Lab-Corps.
"The idea of Lab-Corps is to help national lab scientists and engineers become better entrepreneurs and to move innovative technologies into the marketplace," said Christine Hartmann, Lawrence Livermore National Laboratory’s Lab-Corps principal investigator.
At a standing-room-only kick-off event Wednesday at Lawrence Livermore National Lab (LLNL), Ann Stevens, dean of the UC Davis management school, told more than 60 researchers from Sandia and LLNL that Lab-Corps builds on a long history of partnership between UC Davis and the LLNL.
“We have a strong track record of entrepreneurship with assisting researchers to get their research out of the lab,” Stevens said. “This is an incredible partnership. We’re taking an important first step, and I’m excited to see where this leads.”
“The national labs have recognized that we have a unique approach to training in that we focus on developing a network of support for those within large academic and research institutions,” said Professor Andrew Hargadon, founder and faculty director of the UC Davis Child Family Institute for Innovation and Entrepreneurship and the Charles Soderquist Chair in Entrepreneurship. “We help drive innovation and commercialization of important technologies.”
Under the LLNL-Sandia Lab-Corps pilot program, two teams of researchers from Livermore or Sandia will receive $75,000 each to develop commercialization plans for their technologies. The teams will apply in a competitive process that will be held in late March.
"All lab scientists and engineers are encouraged to participate in the information sessions and UC Davis training, as well as the competition. The goal is to get great ideas out there," Hartmann said.
The two selected teams will go to national Lab-Corps hands-on entrepreneur training to be held at the National Renewable Energy Laboratory in Golden, Colorado, in July and October.
"What makes Lab-Corps unique is the application of lean start-up principles, which are common in Silicon Valley, to lab technologies and the national lab environment,” said Brandon Cardwell, the executive director of i-GATE, which assists early-stage technology entrepreneurs and works with LLNL and Sandia.
Since 2006, the Child Family Institute has trained more than 1,200 researchers and academics from UC Davis and around the world to bring their research to market. More than 50 companies have launched out of, or been supported, by the Institute, and start-ups affiliated with the Institute have raised nearly $100 million in funding.
About the University of California, Davis, Graduate School of Management
Dedicated to preparing innovative leaders for global impact, the UC Davis Graduate School of Management is consistently ranked among the premier business schools in the United States and internationally. The School’s faculty members are globally renowned for their teaching excellence and pioneering research in advancing management thinking and best practices. With prime locations in Northern California’s economic hubs, the School provides a bold, innovative approach to management education to Full-Time MBA students and Master of Professional Accountancy students at the UC Davis campus, and Part-Time MBA students in Sacramento and the San Francisco Bay Area.