Objectives and Milestones
Formed in the fall of 2008, the objectives of the TTC are to provide MBA students the opportunity to work with an actual business in their efforts to commercialize a new technology. One can think of the goal as turning patents into profits or going from concept to commercial viability. In the TTC, we work with an established or newly-formed business (large or small) that has access to a new technology, product, or process, and is exploring ways to commercialize the technology. The participating business may be located anywhere in the world. A student research team will work directly with the senior management of the targeted firm and develop strategies to commercialize a new technology. The technology may have been created by the firm or the firm may have access or license rights to use the product or technology. The end result for the business is to create a viable market and successful business venture around the new technology.
Our inaugural team completed a report (May 2009) exploring ways to commercialize cholestosome technology for Niagara University’s Dr. Mary McCourt, owner of MMC BioLipids. The technology may hold promise for drug delivery systems for cancer treatments, and currently has a patent pending.
The 2009-2010 TTC projects involved the Unifrax Corporation, a manufacturer of ceramic fibers used in airbag fireproofing and other applications, where insulating materials are required in very high heat applications. The Technology Center research teams explored two projects: the first examined the use of ceramic fibers for insulating large LNG tankers and tank farms while the second project examined the use of ceramic fibers in combination with recycled carbon fibers as a new material with a wide array of consumer and industrial applications.
The 2010-2011 project that the TTC completed involved the Delphi Automotive Corporation and two new applications of its thermal technologies in the global automotive market. The first project entailed a market assessment for a new mid-cabin HVAC system and the second project explored a new exhaust gas heat recovery system for cabin and drive train heating as part of a sustainability initiative.