ECU Commercialization Hub
The ECU Commercialization Hub is a pilot program designed to guide biomedical research faculty in transforming novel scientific discoveries into commercially viable products or services for an unmet need. The Hub offers valuable resources to further commercialization efforts by providing assistance in evaluating feasibility, establishing proof of concept, identifying milestones necessary for project validation, and assessing market viability. As a pilot program, the Hub is available on an invitation only basis to ECU inventors who have been referred by the Office of Technology Transfer. Hub participants will be provided one-on-one counseling sessions with subject matter experts to determine development milestones. Group training sessions will also be available for participants to expand their knowledge of key commercialization milestones. Hub participants who are actively engaged in the process will be eligible for referral to biomedical commercialization grant opportunities of up to $100k. These grants are designed to provide resources to further establish proof-of-concept, develop/refine a prototype, perform scale-up pilot studies or other studies necessary to assess commercial feasibility. Successful outcomes of Hub participation include development of R&D and commercialization plans, counseling for preparation of biomedical innovation grant proposals, and assistance to the Patent Committee with “go/no-go” decisions for pursuing / maintaining patent protection.
The Hub is made possible through a collaboration between ECU’s Office of Technology Transfer and the Technology Development & Commercialization group of the Small Business Technology Development Center (SBTDC).