Converting Technology to Wealth is an annual training program in technology commercialization, open to individual managers from around the world.
Application deadline: January 15, 2017
- 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 almost 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 (February 21 – March 2, 2017) with pre-Austin online training (January 23 – February 21, 2017). 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. In the past two years 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.
Questions? Please contact Diane Skubal of the IC² Institute.
Enrollment each year is limited to approximately 20-30 managers, selected based on their interest in improving processes within their organizations to bring innovations to market.
- Regular fee: $6900/person (applications due Nov. 15, 2016, payments due Dec. 15, 2016)
- Early-bird fee: $5900 per person (both applications and payments due Oct. 15, 2016)
A very limited number of partial scholarships are available. To be considered for a partial scholarship, an applicant should indicate her/his need in application materials. A separate application for scholarship funding is not necessary.
Registration fee covers instruction and advising in Austin, Texas, pre-Austin online training and exercises, all instructional materials, hotel and most meals in Austin, Texas, and local transportation for both class trips and weekend activities. Participants are responsible for their own airfare costs and for transportation to/from the Austin airport and the program site. A place in CTW 2017 is not confirmed until payment is received.
Dates and deadlines
CTW 2016 application period opens: June 10, 2016
Deadline for receipt of application materials: Extended to January 15, 2017
Acceptance letter sent via email upon receipt of payment.
Deadline for receipt of discounted fee of $5900: January 15, 2017
CTW part 1, online course: January 23 – February 21, 2017
CTW part 2, Austin sessions: February 21-March 2, 2017
*In the event that accepted applicants fail to register, as space allows, those not initially accepted may be offered places in the program if they choose to remain on the waitlist. When applicants are notified at a late date that they have been accepted into the program, they will have an opportunity to pay the discounted registration fee.
Travel logistics and accommodations for Austin training
Participants will be expected to arrive in Austin by Monday, February 21, and remain in Austin through the evening of Thursday, March 2.
Non-US-citizens who wish to enroll in CTW may need to obtain a temporary visa to enter the US in November. However, citizens of the 38 countries that participate in the Visa Waiver Program may be eligible to visit the United States without a visa (see the US State Department Visa Waiver Program site). Participants who need to obtain visas should register for the program and contact the IC² Institute months before travel. The IC² Institute can provide an invitation letter that can be presented to embassy officials. The invitation letter will be sent following receipt of full payment. Individual participants are responsible for contacting embassy officials and handling arrangements for visas.
Participants will be housed in private rooms at a hotel in northwest Austin, close to Austin’s best shopping and dining. The program fee covers hotel nights from February 21 through March 2, with check-out on March 3. Transportation from the hotel to the workshop and the workshop to the hotel will be provided every class day at no additional charge.
Transportation to sites of interest on the weekend will be provided at no additional charge.
Meals provided: Breakfast, lunch, and dinner February 21 – March 2, excluding weekend meals (Friday evening through Sunday evening).
Austin is an ideal setting for learning about technology commercialization. For decades, the IC² Institute has played a crucial role in establishing and sustaining high-technology development in Austin. The city is the birthplace both of major technology companies and a rapidly growing number of small innovative enterprises, many built on innovation or talent emerging from The University of Texas. Austin consistently ranks #1 in the US as a place for entrepreneurs and startups.
CTW participants will also enjoy the natural beauty of Austin and the surrounding “hill country.”
“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.