The NTI has been aggressive in the areas of technology and economic development. To date, the NTI has helped produce more than 740 intellectual property assets managed, facilitated 48 technology licenses, created or assisted 43 young companies, and attracted more than $255 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
Technology Development and Commercialization
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|Assistance to Young Companies or Companies Started||
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Why Is Small So Big?
Nanotechnology deals with products and processes that are measured in almost unbelievably small increments called “nanometers”—one billionth of a meter.
At the nanoscale, materials differ from larger objects in their physical, chemical and biological properties; therefore, they lend themselves to new and improved materials, systems and devices. Nanotechnology is behind the development of such diverse advancements as:
- Drug Delivery
- Biofiltration and Separation sciences
- Improved coatings for medical devices
Thanks to rapid advances in this exciting new field, we now have the tools and talents to manipulate materials on the molecular scale—a technology literally changing the world as we know it.