Southern Indiana Business Report
BEDFORD – Opportunities to commercialize patented technologies are now available to entrepreneurs and start-ups who can pitch innovative proposals to commercialize the technologies at this spring’s event.
South central Indiana defense and economic development industry leaders will host the opportunity on April 2 at the fifth annual Radius Indiana “Crane IP Defense Innovation Pitch Competition.”
The competition offers cash prizes and limited, royalty-free opportunities to commercialize the patented technologies and concepts developed by the scientists and engineers at Naval Surface Warfare Center-Crane Division, Indiana’s only federal research laboratory. Individuals or teams are invited to develop an innovative proposal using any piece of intellectual property available from NSWC Crane’s Technology Transfer Program.
“We are very excited about the opportunity to partner with Radius Indiana for the fifth Crane IP Defense Innovation Pitch Competition. We hope to continue connecting the entrepreneurial-minded with NSWC Crane’s world-class IP,” said Maria Duran, technology transfer director for NSWC Crane. “Each year, as a result, participants have the opportunity to explore collaboration with NSWC Crane, including intellectual property licensing to commercialize technology from our portfolio.”
The competition is hosted by Radius Indiana, in partnership with Elevate Ventures, Naval Surface Warfare Center – Crane Division, Bloomington-based Dimension Mill, Applied Research Institute (ARI), TechLink and the Indiana Small Business Development Center. Entrepreneurs will have the opportunity to connect with industry leaders from these organizations, and cash prizes totaling $20,000 will be available to the top three contestants. Additional prize funds and assistance will be available for competitors who currently have or agree to establish locations in the Radius region of southern Indiana.
“Radius Indiana is looking forward to the fifth annual Crane IP Pitch Competition and we are excited to see entrepreneurs pitch their ideas for using this amazing technology coming out of NSWC Crane,” said Blaine Parker, director of entrepreneurship and small business support for Radius Indiana. “The winners from past years have gone on to do great things with their new relationship with Crane.”
Registration info
The competition is free for participants. Entrants will receive a template to create a slide presentation for the competition.
The registration deadline is March 28. Visit www.radiusindiana.com to learn more and register for the competition.