University of Jyväskylä boosts commercialization of research results

Tekes and the University of Jyväskylä have launched a new co-operation on the development of a more effective commercialization and university spin-off process. The aim is commercialize results coming from multidisciplinary research projects and to support entrepreneurship within the university. The universities of today have a necessity to act in co-operation with companies and also create spin-offs from their research.

The University of Jyväskylä has been highly successful in the preparation of the commercialization of research results. In a national comparison, the University of Jyväskylä is the second in ranking. Commercialization is carried out in 18 projects some of which are ongoing, and during the past 12 months, 7 projects have led to the creation of a spin-off company or licensing results to an existing company.

–The university staff is being encouraged to commercialize research. This is one of the main objectives of the project, says Head of Research Development, Dr. Timo Taskinen.

– At the beginning of the project we also aim at activating and supporting businesses to make better use of university research and public financing in their own development work, says Dean of the Faculty of Information Technology, professor Pekka Neittaanmäki.

– We are focusing more and more to the fact that staff and students set up spin-off companies and that the teams would receive more invested capital and entrepreneurial skills from early stages, says Head of Project Management Mikko Henrik Pitkänen in the Agora Center.

For this purpose an Entrepreneur in residence program was launched, where the research team will recruit complementary skills from outside of the university. Scientists know how to do research, but expertise on commercialization is needed in sales, marketing and business management.

The JY Acceleration Chain project will last until the end of 2016 with a total budget of 434 000 € out of which 50% is Tekes co-financing. As a partner in the project is the newly established investment company Unifund Jyväskylä Oy.

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