As research progresses and you focus on developing a specific innovation, consider several factors:
Does the innovation address a market need? What does that market require?
- The National Science Foundation’s I-Corps program helps university-based research teams turn innovations into startups. Georgia Tech’s I-Corps program, managed by Venture Lab, helps research teams explore market need and the value offered by their innovations.
- Georgia Tech’s Office of Industry Engagement can help you enhance your understanding of market dynamics. And its Contract Continuum provides a streamlined way to secure industry-sponsored research that can help you align your ongoing research with market needs.
What are the options for commercializing this type of solution? Is a startup the best way to go?
- Georgia Tech’s Office of Industry Engagement facilitates the commercialization of university-based innovations. They can provide guidance on the options available for taking a particular innovation to market, enabling you to consider the advantages of the startup path as well as licensing to an existing company.
- VentureLab provides funding to Georgia Tech research teams to attend trade shows to learn about relevant industries.