|
[news 2001-2002]
IPM
awards PARTEQ $720,000 in infrastructure funding
Feb. 7, 2002
KINGSTON, ON -- PARTEQ Innovations, the technology-transfer
arm of Queen's University, has been recognized
for its success in bringing Queen's research discoveries
to market with a $720,000 grant under the federal Intellectual
Property Management program (IPM), a joint initiative
of Canada's three research granting councils.
The funding will allow PARTEQ to establish a three-year
internship program for the training of three patent
and commercialization professionals.
Describing PARTEQ's application as "excellent,"
the selection committee noted, "PARTEQ is well
suited to providing the proposed training, as the training
would be excellent and could not likely be obtained
elsewhere."
It is the third time PARTEQ has been recognized under
the IPM program, which promotes the development of university-based
technology transfer and commercialization, as well as
the professional development of IP managers. The program
is funded jointly by the Natural Sciences and Engineering
Research Council (NSERC), the Canadian Institutes of
Health Research (CIHR), and the Social Sciences and
Humanities Research Council (SSHRC).
"This is wonderful news for PARTEQ," says
John Molloy, President & CEO of PARTEQ. "This
funding will give us much needed additional capacity
and allow us to be even more proactive in identifying
and evaluating new intellectual property opportunities,
and in transferring those discoveries to the marketplace.
It is a gratifying endorsement of PARTEQ's approach
to commercialization, and to the impact we have had
on economic development, both in Kingston and in Ontario
and Canada."
The funding will be used to hire and support one patent
agent trainee and two commercialization manager trainees.
Currently there is a shortage of technology-transfer
professionals in Canada. "The granting councils
have recognized our ability to offer a form of on-job
training that is unequalled in Canada," Mr. Molloy
says.
"I am delighted that PARTEQ has once again received
well-deserved recognition from IPM as a worthy recipient
of this award," says Kerry Rowe, Vice-Principal
(Research). "Queen's has the highest ratio
of commercialization income per dollar of research funding
of any university in Canada, which is a tribute to the
excellence of PARTEQ and our researchers.
"One of the factors limiting commercialization
in Canada has been a shortage of people with the training
and experience needed to help the researchers. This
award will help address that limitation by allowing
PARTEQ to attract and train the staff who add value
to the discoveries of our researchers and transfer these
discoveries to the marketplace, thereby contributing
to the economic development of our community and beyond.
John Molloy and his team deserve our most hearty congratulations."
Initiated in 1996, the IPM program is designed to support
the infrastructure for technology transfer in universities
across Canada.
Contact:
John Molloy
President & CEO,
PARTEQ Innovations
(613) 533-2342
|
