As an aspiring entrepreneur or young start-up, it can be hard to navigate the ever-evolving technology commercialization process and get your service or product out into the market. NC State Office of Technology Commercialization and New Ventures (OTCNV) and RIoT have signed a Memorandum of Understanding (MOU) for a 2018 partnership at HQ Centerline in downtown Raleigh. This MOU will allow each organization to leverage its communities to support and scale entrepreneurs and startups across North Carolina.
The new partnership between OTCNV and RIoT has united two influential leaders in the tech transfer field. Together, these two institutions will engage industry partners in ecosystem building and research commercialization, and increase the overall impact in areas of shared mission.
“The programs and network RIoT provides to startups are world-class and we are excited to partner those resources with NC State’s national leadership in technology commercialization. It’s a perfect fit and we have already achieved traction with several NC state students and startups.” – Tom Snyder, Executive Director of RIoT.
Through this agreement, NC State university IP-based startup companies will now be able to utilize the flexible co-working space to work off-site. These companies will also have free access to use the RIoT Labs prototyping facility for hardware and software product development.
Another benefit from this partnership is that OTCNV staff will operate from a dedicated desk in the “Leadership Loft” at RIoT Labs in HQ Centerline, which will give entrepreneurs the opportunity to interact regularly and garner advice from the OTCNV staff.
“This partnership will allow NC State researchers and inventors greater access to large industry players for market feedback in a formalized way while providing a physical lab space for research-based startups.” – Wade Fulghum, Interim Executive Director of OTCNV.
RIoT represents a network of technologists, engineers, business leaders, academics, policy makers, and entrepreneurs, all of whom have a stake in the Internet of Things economy. RIoT’s mission is to create a community that captures IoT opportunities locally, nationally, and globally. Companies ranging from startups to corporate heavyweights meet to exchange ideas, learn new technologies, and create new opportunities for themselves and their business. RIoT runs an IoT startup accelerator in Raleigh, NC and holds educational and business development events across the US. It is now offering the new RIoT Accelerator Program (RAP) and is accepting applications for its first cohort.
NC State Office of Technology Commercialization and New Ventures (OTCNV) protects and promotes university research discoveries and intellectual property, working in conjunction with industry partners, and promoting the acceleration of startups.