Many institutions didn’t have a full or part-time time innovation commercialization or tech transfer capability. Frequently they didn’t have the ability to identify and monetize their innovations or IP, nor did they have the funds to launch a fully effective internal operation. So we formed L2C Partners.
In 2013 a group of innovation, tech transfer, invention marketing, financial and legal professionals met to discuss issues they had experienced in tech transfer and innovation commercialization.
Federal and State Government funding for colleges, universities and research institutions was shrinking—reducing their financial and personnel resources. Educational and research institutions, as well as many for-profit research entities, were seeking additional sources of income. Many institutions didn’t have a full or part-time time tech transfer or commercialization capability. Frequently they didn’t have the ability to identify and monetize their inventions or IP, nor did they have the funds to launch a fully effective internal operation.
Pharmas, bioscience, tech companies and others expressed their inability to harvest innovations, inventions, and technology from all but top tier institutions.
And the landscape hasn’t changed.
This core team joined to build L2C Partners. After 12 months of Beta operation and multiple inventions going to market, innovation commercialization and technology transfer outsourcing still seems like a very good idea to the L2C team and to our clients.