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South Dakota Creates Office of Commercialization
To fulfill a goal within the state's 2010 Initiative of becoming a recognized leader in research and technology development, the South Dakota Department of Tourism and State Development will operate an Office of Commercialization under the direction of Mel Ustad, current Interim Vice President for Research at the University of South Dakota.
The Office of Commercialization serves two purposes, according to Jim Hagen, secretary of the Department of Tourism and State Development. Its main function will be to coordinate technology transfer from university and private research centers to the private sector. The office also will facilitate the commercialization of that research, Hagen said.
Ustad said he would focus on trying to create new technology ventures at the universities and to more effectively coordinate the entrepreneurial activity of various entities in the state. The 2010 Initiative consists of five goals for economic growth and visitor spending in the state by the year 2010. More information on the Initiative is available at: http://www.2010initiative.com/index.htm
South Dakota