Accomplishments and Economic Impact

The NTI has been aggressive in the areas of technology and economic development. To date, the NTI has helped produce more than 80 intellectual property assets, facilitated seven technology licenses, created or assisted 13 young companies, and attracted more than $172 million in public and private investment to the region.

Enhancing the direct economic impact of technology commercialization, the NTI contributes to the local economy and job creation through the expansion of university research programs and leveraging federal research dollars.

The success of NTI-sponsored research programs enhances the reputations of sponsored researchers, thereby improving the success rate of their grant applications, and nurtures collaborations, which provide access to funding programs and sources that individual researchers would not otherwise have.

The timeline for successful commercialization of any new transformative technology is long—as long as 15 to 20 years for biotechnology—and significant funding is required.  By these criteria, nanotechnology is still in its early stages. However, recent NTI achievements clearly demonstrate the acceleration of nanotechnology commercialization and validate the NTI model.

Nanotechnology Institute: Impact Figures

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