A new program known as Tech2Market, developed for Idaho universities by the Small Business Development Center (SBDC), is being piloted at Boise State University this fall with support from the Idaho Technology Council.
As part of the program, teams of students draw from Boise State’s large bank of intellectual property created by students and faculty from the College of Engineering. Four teams were selected for the pilot and are made up of MBA candidates from Boise State’s College of Business and Economics and students who are researching the intellectual property from the College of Engineering.
Paul Cooperrider, technology commercialization program director for the Idaho SBDC, said it’s estimated that the impact from commercialized technology to the U.S. GDP over the past two decades from universities and public research institutions, like Boise State, is close to $600 billion.
“We believe this collaborative and multidisciplinary approach can open the door to a greater student experience while contributing to the state’s tax base and economic vitality,” said Cooperrider.
Sydney Axtell, an MBA candidate in the program, said she’s excited to be a part of it.
“Once you learn the process of starting a business, it’s addictive. I’ll jump on any potential project I can get my hands on just to experience that process in different industries and applications.”
If the Tech Push program is successful, the overarching Tech2Market program will be implemented at other state universities. The program is hosted and run by the Boise State Venture College through Tech Push.