commercialization

White House proposes use of march-in rights to help lower prescription drug prices

The Biden-Harris administration recently announced new actions to lower health care and prescription drug costs by promoting competition. These actions include a proposed framework that encourages agencies to use march-in rights to lower the price of prescription medicines. The proposed framework encourages agencies to consider price as a factor in determining whether a drug is genuinely accessible to the public.

Global Entrepreneurship Monitor says US entrepreneurship is on the rise

Those who gather data know that the results collected in 2020 during pandemic shutdowns do not reveal actual trends. This phenomenon was the case for a recent survey by Babson College researchers for the Global Entrepreneurship Monitor Adult Population Survey (GEM APS). They found that rates of entrepreneurship, which had been on the rise since 2015, dropped in 2020. However, their newest research shows an upward trend in 2021 and 2022, when the U.S. had the highest levels of entrepreneurial activity since their first survey in 1999. In 2022, 19% of working-age adults were in the process of running a business or were running a company less than 42 months old.

New National Defense Strategy stresses investing in emerging technologies

The 2022 National Defense Strategy, released last week, emphasizes the need to accelerate the Pentagon’s capacity for buying and deploying emerging technologies. Technology sectors called out as targets include advanced materials, artificial intelligence, biotechnology, clean energy, directed energy, hypersonics, microelectronics, quantum science and space. The report indicates that the Department of Defense (DOD) is considering R&D funding, ecosystem support and adapting civilian technologies among the tools it will use to pursue emerging tech.

SBA hosting Innovation Ecosystem Summit next week

The U.S. Small Business Administration is hosting its first innovation ecosystem summit, a free virtual event that is open to all. The summit is expected to connect entrepreneurial support organizations (ESOs) that work with startups and small businesses — particularly those serving underrepresented communities — that are trying to build out and commercialize their technologies. The three-day summit takes place next week, Nov. 15-17.

DOE awards over $65M to commercialize promising energy technologies

The U.S. Department of Energy (DOE) has announced over $30 million in federal funding, matched by over $35 million in private sector funds, for 68 projects that will accelerate the commercialization of promising energy technologies. The awards are expected to help transfer solutions from the National Labs to the marketplace and work toward the president’s goal of net-zero carbon emissions by 2050.

DOE awards $9.5 million to support clean energy innovation, commercialization

The U.S. Department of Energy (DOE) has announced that 10 accelerators and incubators across the country have been awarded $9.5 million in total funding through the Energy Program for Innovation Clusters (EPIC) to help develop pipelines for energy technology to reach the market. Created by the DOE’s Office of Technology Transitions, the EPIC funding program aims to encourage the growth of regional energy innovation ecosystems across the U.S. and supports new business formation. This announcement marks the second round of funding through the EPIC program, with the first awarding $500,000 each to 20 incubators and accelerators in October of 2020 to support energy innovation ecosystems and stimulate energy hardware development in regions across the country.

Recent Research: NBER working paper finds discovery team more important to successful commercialization than financial environment

Having interdisciplinary teams of scientists and relationships with “star” entrepreneurs are factors that can influence the chances for academic discoveries to reach the commercialization stage. While proximity to capital has traditionally been viewed as the core stimulus for academic commercialization, a recently released working paper by the National Bureau of Economic Research reexamines the variables that play a role in the commercialization of academic sciences, and provides new insight into the importance of team composition throughout the commercialization process.

Recent Research: Balancing the returns from basic research

A recent study exploring the science underlying all 356 pharmaceutical drugs approved by the Center for Drug Evaluation and Research since 2010, found each drug is based on life science investments the public sector has made through the National Institutes of Health (NIH). In addition, $230 billion, nearly 40 percent of the $586 billion the federal government has put into NIH over the past decade, can be tied to the development and success of those pharmaceuticals, contend the authors of Government as the First Investor in Biopharmaceutical Innovation: Evidence from New Drug Approvals 2010-2019. Not challenging the tremendously important role the federal government plays in life science R&D, the Bentley University researchers instead wonder if current technology transfer mechanisms enabled by the Bayh-Dole Act allow for an appropriate balance in capturing the financial returns from those investments.

New research provides empirical support for relationship building to encourage innovation economies

As discussion of innovation ecosystems remains near the front of science, technology, and innovation policy discussions — and resources are spent providing environments for creative exchange between researchers, industry, government, and entrepreneurs — substantive and empirical research is still lagging. However, a recent study sheds new light on the mechanisms and types of interactions that may contribute to the desired outcomes of promoting innovation ecosystems. Specifically, the study evaluates the effectiveness of combining two long-running, potentially complementary programs in encouraging increased engagement among ecosystem groups and individuals.

States launching new tech commercialization programs to strengthen economies

Knowing that research universities are integral to the innovation in this country, states continue their efforts to build the economy by supporting efforts to move the research from the labs to the market. In our ongoing review of state activities in 2019 (see our stories on free tuition offerings, climate change and clean energy), this week we report on new initiatives launched in 2019 that were focused on commercialization of technology. The following programs represent some of those efforts.

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