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A Working Model for Augmented Technology Transfer

The Long Island Research Institute was set up in 1992 to create and nurture enterprises based on technologies derived from its sponsoring institutions: the University at Stony Brook, Brookhaven and Cold Spring Harbor Laboratories, and North Shore University Hospital. An account of the organization's conception is followed by descriptions of its comprehensive approach to technology commercialization in three projects: a gene-finding methodology, an organ preservation device, and a wastewater treatment system. These experiences suggest that success for such an organization requires managers combining technical and business expertise, extensive contacts with local business and research communities, variable and ongoing company assistance, access to venture capital, knowledge of company needs, an entrepreneurial champion for each project, and, fundamentally, public and institutional funding.