Converting Technology to Wealth is a training program in technology commercialization open to individual managers from around the world.
From 2014-2017, the IC² Institute offered the Converting Technology to Wealth program to individuals as a complement to IC²’s technology commercialization programs for governments and institutions.
- How can innovation and technology accelerate startup creation
and external business relationships?
- How do universities and regions build innovation ecosystems
supporting wealth creation?
- How can universities and regions effectively communicate their differentiated
value to entrepreneurs, businesses and funders?
The Converting Technology to Wealth (CTW) program answers these questions for technology transfer specialists, incubator managers and economic development leaders.
The IC² Institute at The University of Texas at Austin has studied technology commercialization, innovation ecosystem building and technology-business-driven economic growth for over 40 years, successfully working with Austin, TX and regions around the globe attain their goals in wealth-creation.
The program combines an intensive on-site training experience in Austin with pre-Austin online training. CTW prepares technology transfer specialists, incubator managers, scientists and researchers with practical skills and methodologies to commercialize R&D from their organizations. Further, individuals involved in economic development learn to engage universities and innovators through creation of successful innovation ecosystems to facilitate commercialization outcomes in the region.
The highly interactive CTW course includes training from experts, practical exercises and individualized coaching. Participants engage in market research, market validation, and partner presentations using real technologies from their home institutions. Experts in technology assessment, commercialization, licensing, international business development, and management of technology-driven economic development present the latest tested and proven methodologies in converting technology to wealth.
Enrollment is limited to 30 participants, selected based on their interest in improving processes within their organizations to bring innovations to market. CTW participants have come from 20 different countries and 5 continents. Participants actively collaborate during the program and establish a lasting and valuable international network that they take back to their home institution.
“It was totally different from any other program I attended before. CTW provided an intensive, interactive, hands-on training, which I think is much better than a typical lecture or conference.”
– Asyran Mohd Yusoff, Malaysia Technology Development Corporation
“I came to the course with quite high expectations, but my expectations were surpassed by miles.”
– Kent Mrozek, Luleå University of Technology, Sweden
“We had the chance to share with different cultures and work on teams with people from different countries. It was a great experience.”
– Osvaldo Quiroz Leyton, Centro INNOVO, Universidad de Santiago, Chile
“Deep knowledge and the practical real business life experiences of lecturers and mentors make this program unprecedented.”
– Mehmet Alpatli, İstanbul Şehir University, Turkey
“The program is complex and well-built. Unlike other courses I have had – which covered just pieces of the problems of tech transfer – this joined issues together and established a practical approach.”
– Jan Alán, Masaryk University, Czech Republic
“If you like adventures, are ready to test your knowledge and be challenged with real life situations of the commercialization world in a dynamic environment surrounded by experienced and friendly people, this 2-week commercialization boot camp is definitely for you. One of the greatest technology transfer drills I have gone through.”
– Wojtek Roskiewicz, Fraunhofer Center for International Management, Germany
“It was more than I expected. Being in a diverse group with managers from different backgrounds made the learning more meaningful.”
– Norly Villar, Philippines’ Department of Science and Technology
“The opportunity to work in multidisciplinary teams and meeting and networking with participants from all over the world was a real positive.”
– Catalina Vera, Escuela Superior Politécnica del Litoral, Ecuador
“One of the best career and personal experiences! Being able to meet all those intelligent and incredible people and working with them was my biggest pleasure.”
– Fatemah Al-Yousef, Kuwait Institute for Scientific Research
“I got a lot of material and valuable resources that I can take back home to share with my entire team.”
– Chalonda Handy, Nationwide Children’s Hospital, USA
For more information, please contact Diane Skubal (DSkubal@ic2.utexas.edu) of the IC² Institute.