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Updated: Jun 5, 2026

16:05
Using Micro-Electro-Mechanical Systems (MEMS) to Develop Diagnostic Tools
Published on: October 1, 2007
Your idea and your university: issues in academic technology transfer
1Apogee Biotechnology Corporation, Hummelstown, PA 17036, USA. cdsmith@apogee-biotech.com
Summary
Researchers considering commercializing discoveries must weigh personal factors and funding options. Government grants like Small Business Innovative Research and Small Business Technology Transfer can support new biomedical companies.
Area of Science:
- Biomedical Research
- Technology Commercialization
- Entrepreneurship
Background:
- Scientific discoveries often have commercial potential.
- Researchers face decisions regarding intellectual property (IP) commercialization pathways.
- Options include university out-licensing or founding a spinout company.
Purpose of the Study:
- To discuss personal considerations for researchers starting spinout companies.
- To provide information on government grants for commercial development.
- To guide investigators transitioning into entrepreneurship.
Main Methods:
- Review of personal considerations for entrepreneurship.
- Information gathering on government funding programs.
- Discussion of challenges in company formation and management.
Main Results:
- Key personal factors include career goals, financial/time commitments, and conflict of interest.
- The ability to manage a company or delegate to experts is crucial.
- Government grants, particularly Small Business Innovative Research (SBIR) and Small Business Technology Transfer (STTR), offer early-stage funding.
Conclusions:
- Founding a spinout company requires careful evaluation of personal and business factors.
- Understanding available government grants is essential for securing startup capital.
- Strategic planning for commercialization can facilitate the successful development of research discoveries.
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