New LEAP program helps speed technologies to market
Six inventions by University of Akron faculty members shared $145,000 in go-to-market cash in the inaugural round of funding through the University's LEAP program.
LEAP -- Leading Entrepreneurial Academics into Practice -- opened for business in the spring with the arrival of Dr. Gopal Nadkarni as the first director of the new Proof of Concept initiative. The Proof of Concept approach combines university funding with guidance from industry and entrepreneurship experts to identify the most commercially ready inventions and help speed them to market.
The inventors, working with mentors from local companies and other advisers, use the money to show the marketplace that their technology works and is ready to leave the lab. The goal is to attract outside investors or licensing deals.
"We're a startup in search of startups," Nadkarni says. Story continues online.