POTOMAC FALLS, Va.--(BUSINESS WIRE via COLLEGIATE PRESSWIRE)--Feb 1, 2005--Tradewinds today announced the commercial release of Tradewinds Navigator(TM), the most proven Technology Transfer and Commercialization system in the market.
Designed and used by the University of Maryland`s Office of Technology Commercialization for more than 10 years, Tradewinds Navigator(TM) enables colleges and universities to fulfill the promise of the Bayh-Dole Act, allowing academic institutions to gain control of their inventions while providing an effective way to manage the process of transferring inventions to industry.
''From research, we know that academic institutions around the country find tech transfer both desirable and cumbersome to manage,'' said Curtis Waters, President of Tradewinds. ''The University of Maryland has been on the cutting edge of automating this process, and their willingness to make their system commercially available to other institutions should help the academic community make huge leaps forward in gaining control of their technology transfer process. This should result in turning research dollars into new revenue sources for colleges and universities.''
Navigator is a powerful tool for managing all aspects of any organization`s Intellectual Property commercialization efforts. Beginning with the receipt of an invention disclosure, Navigator tracks all information and activities involved in the transfer and commercialization process. Navigator`s outputs include a variety of reports providing multiple views of the organization`s activities, with powerful analytical capabilities for evaluating the success of campaigns, trends in technologies and other information.
The Office of Technology Commercialization (OTC) at the University of Maryland was established in 1986 to facilitate the transfer of inventions developed at the university to business and industry. In the past 17 years, OTC has recorded more than 1,300 technologies, secured more than 270 patents and licensed more than 750 technologies, generating more than $21.7 million in technology transfer income. In addition, more than 40 high-tech start-up companies have been formed based on technologies developed at the university.
''The tech transfer process can be vastly improved by managing all the information from a single database,'' said Jim Poulos, Executive Director of OTC. ''We can now share our 10-plus years of experience developing and using this system with schools across the country. Our partnership with Tradewinds allows us to distribute our system while ensuring that the users get the support and services that a commercial company can offer.''
About Tradewinds
Tradewinds Product Consultants Inc. (www.tpc-inc.com), d/b/a Tradewinds, deploys business acumen and technical expertise to commercialize productivity tools developed by universities for use in the academic setting.
If you would like more information on this release or Tradewinds Navigator(TM) please visit our Web site at www.tpc-inc.com/navigator or call us at 703-577-4600.
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