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OCAST Opens Commercialization Center and Seeks Executive Director

The Oklahoma Center for the Advancement of Science and Technology (OCAST) has announced the launch of the Oklahoma Technology Commercialization Center (Tech Center).

 

The purpose of the Tech Center is to grow high-wage, high-growth technology sectors in Oklahoma by actively contributing to the start-up and development of new companies and spurring innovation across existing companies. The Center assesses companies' needs, guides them through the technology commercialization process, and provides directly, or by referrals, specialized business development services, access to early stage risk financing, and help in transferring technology.

OCAST has contracted with the Oklahoma Technology Development Corporation (OTDC) to start-up and manage the Tech Center. OTDC is now seeking qualified candidates for the position of Executive Director of the Tech Center.

OCAST to Create Commercialization Center

The Oklahoma Center for the Advancement of Science and Technology (OCAST) is creating the Oklahoma Technology Commercialization Center. The Center will help technology-based firms assess their commercialization needs, guide them through the commercialization process, and link them to a network of technology sources and commercialization assistance services.

The Center will provide access to specialized business development services, early-stage risk financing, and help in transferring technology.

"OCAST's goal for the project is to increase per capita income in Oklahoma by achieving a critical mass of technology-oriented companies and entrepreneurs within the state, thereby attracting other similar firms," said Sheri Stickley, OCAST's director of Technology Development Programs.

Stickley said the Center will accomplish this by:

Funding Continued for Oklahoma Program

The Oklahoma Alliance for Manufacturing Excellence, Inc. will receive $1.5 million from the National Institute of Standards and Technology's Manufacturing Extension Partnership (MEP). The Alliance, a program of the Oklahoma Center for the Advancement of Science and Technology, is an MEP affiliate that received its initial federal funding through the Technology Reinvestment Project.