Arizona State University’s technology-transfer arm is partnering with Japan Technology Group to collaborate on commercializing technologies from ASU and eight Japanese universities.
Arizona Technology Enterprises will market Japanese intellectual property in the U.S., while JTG will do the same for ASU in Japan.
The goal is to accelerate the transition of university innovations into the marketplace.
Augustine Cheng, managing director of AzTE, said the exposure of intellectual property from ASU researchers to Japanese industry increases the chances these discoveries will be developed further and potentially commercialized.
“This collaboration allows ASU and these Japanese universities to expand their international reach in the technology space,” Cheng said.
This is Philadelphia-based JTG’s first formal collaboration with a U.S. university, said JTG President Taro Yaguchi. He said the two groups also will seek joint research opportunities.
Robert Green, president and CEO of the Arizona BioIndustry Association, said it is more critical than ever for universities to exploit the technologies they develop.
“Commercializing technology can be very lucrative and provide desperately needed funds,” said Green.
“It also helps retain our top talent,” he added. “Increased exposure of technology dramatically improves the chance for commercialization, so AzTE’s unique program with JTG is a dramatic step
forward.”
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Arizona Technology Enterprises: www.azte.com
Japan Technology Group: www.japantechnologygroup.com
