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The event, held at Zions Bank, is a lot like speed dating – university representatives get 90 seconds to pitch a technology to a table of investors, entrepreneurs and executives.When the buzzer rings, they must move to the next table.“The University of Utah is very anxious to play a leading role in economic development for the state,” says Ritchie.“This state has some of the most innovative, resourceful researchers and investors anywhere, and if we work together we can accomplish amazing things.
Brigham Young University is one of the other universities that has already committed to attending the “speed teching” event. “We have a lot of great technologies that need to be seen by potential investors and industry partners,” says Mike Alder, director of BYU’s Technology Transfer Office. Utah needs forums like this so interested parties can see and participate in our best technology opportunities.” In a related effort, the U is now offering a new type of technology license also designed to advance technologies quickly.The goal is usually to license these technologies to a company that can develop and package them into a profitable product or service.But the new research is often highly sophisticated – on the cutting edge of science – so finding a partner can be challenging.“Matching technologies with investors is a lot like dating,” says Bryan Ritchie, director of the U’s Technology Commercialization Office (TCO).“You never know how it will begin, you never know how it will develop, and sometimes it stops with no explanation whatsoever.