The European Commission (EC) hopes to complement academics with business expertise through Technology Transfer in Computing Systems (TETRACOM), a coordination action funded by the EC under the Seventh Framework Programme (FP7). The aim is to coordinate and support technology transfers from academia to industry by transferring knowledge and technologies developed by universities to the marketplace in the form of new products, processes, applications, or services.
Even when research is high-quality, researchers often do not prioritize the commercialization of their results, usually due to high costs. TETRACOM seeks to incentivize researchers to undertake an actual technology transfer.
A unique and lightweight funding instrument called the Technology Transfer Project (TTP) will be used to train researchers on how to set up and execute a successful technology transfer, and also will provide private consulting services. A TETRACOM TTP will usually last between three and 12 months, with the total cost ranging from 10,000 to 200,000 euros. TETRACOM will fund up to 50 percent of this cost, with the expected average grant size being 25,000 euros. This funding will target well-defined and short-term collaborations that bring solid research and development results into industrial use, and funding is reserved solely for academic beneficiaries.
Three calls for TTP proposals will be issued over the next three years, and the deadline for the first call round is March 31, 2014.
From CORDIS News
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