Funding to commercialize technologies of UC San Diego engineers tops $1.2 million

San Diego, CA, July 14, 2004 - In its fifth round of funding since being set up in 2001, the William J. von Liebig Center for Entrepreneurism and Technology Advancement at the University of California, San Diego today awarded $300,000 to six projects. That brings total funding so far to more than $1.2 million in support of 31 projects led by faculty members of UCSD's Jacobs School of Engineering.

The von Liebig Center fosters entrepreneurism education on the campus, but also provides funding for internal technology projects that have strong commercial potential. The latest grants will be used to commercialize technologies that could show up in the form of better cell phone cameras, wireless video instant-messaging, a way to quantify an individual's risk of suffering an aneurysm, and more powerful photovoltaic cells that could drive down the cost of solar energy. (For more on each project, see below.)

All of the applicants went through a rigorous screening mechanism, and their proposals were reviewed by an external committee of industry experts. "We have been impressed with the continuing high level of interest on the part of faculty in this mechanism to speed the transition of their technologies from the lab to the marketplace," said Joe Bear, executive director of the von Liebig Center. "All 18 applications showed great promise. Now, our staff and advisors will work with all the applicants - including those who did not receive funding - to develop commercialization strategies for their technologies, and if possible, help them secure other types of funding for their projects."

Of the six new grants, three went to faculty in the Electrical and Computer Engineering department, two went to researchers in Mechanical and Aerospace Engineering, and one award was given to a Bioengineering faculty member. For information on previous awardees, go to http://www.vonliebig.ucsd.edu/P

Contact: Doug Ramsey
University of California - San Diego

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