Selected teams will write business plans that lay the foundation for new companies and products in the marketplace. Teams will compete in Sprowtt’s Collegiate Entrepreneurship Tech Transfer Competitions (CETTC), a series of multi-phase competitions designed to validate business plans and reward the best of them. The inaugural CETTC is scheduled to take place in coming months and we expect the competition to be fierce. Teams will be judged based on the feasibility of commercialization of the selected technology and the overall implementation plan. Winners will be awarded the opportunity to utilize the Sprowtt platform at no additional cost to pursue the required capital to launch their company.
The Sprowtt Launch Pad Challenge will ripple throughout the economy, supporting critical industries, creating new businesses and jobs, and attracting entrepreneurs, students, veterans, and active military to science and engineering. Sprowtt Inc.'s investment in the Launch Pad is intended to support future technologies and discoveries, delivering social and economic impacts that benefit the nation today and spur economic growth.
Why are we doing this?
Because commercializing the College and Universities as well as te U.S. government’s research and technology spin outs fuels the nation’s relentless need to innovate, provides the U.S. with a competitive advantage, stimulates the economy, and creates jobs and economic prosperity.
At Sprowtt, that’s what we’re all about.
Sprowtt Launch Pad collaborates with Colleges, Universities, and U.S government Labs and selected outreach teams to explore market potential.
Colleges and Universities Technology Transfer
Sprowtt Launch Pad supports the Colleges and Universities’ Technology Transfer Programs, ensuring that innovations developed for exploration and discovery are broadly available to the public, maximizing their benefit to the nation. Whether you’re looking to start a new company, enhance an existing product, or create a new product line, you can gain a competitive edge in the marketplace by putting these technologies to work for you.
The Sprowtt Launch Pad simplifies the Technology Transfer Portal, hosting information on all the technologies developed by colleges and universities available to your startup or existing business. These patent portfolios contain over a hundred different technologies. Sprowtt Launch Pad selects the most recent and emerging technologies from colleges and universities available for licensing. The Sprowtt Launch Pad has organized these technologies into categories and made them searchable so you can easily identify technologies suited for building your team and launching your business into the Sprowtt Challenge.