|[November 13, 2013]
Purdue, GE to Partner on Commercializing Purdue Innovations, Technologies
WEST LAFAYETTE, Ind. --(Business Wire)--
Purdue and GE have entered into a university-industry partnership that
exemplifies a new approach to expediting the academia-based technology
The agreement, signed this month, will merge the expertise of GE's
corporate technology commercialization group with innovations being
developed at Purdue to commercialize new technologies.
"GE already benefits from a long-term collaborative affiliation with
Purdue that dates back more than 100 years, and historically GE hires
more Purdue students than from any other university in the world," said
Tony Denhart, Region Manager, University Relations at GE. "As we have
experienced, the core values of Purdue and GE match up well and this
agreement moves our partnership to the next level."
Purdue innovations under consideration for development through the
partnership include enhanced medical diagnostic imaging, advanced
propulsion technologies, solar technologies, energy recovery
technologies and new biological testing technologies.
"An agreement like this can be a game-changer. This tests a new model of
collaboration and lays the groundwork for advancing the way universities
commercialize innovations," said Dan Hasler, president and chief
entrepreneurial officer of the Purdue Research Foundation. "It's more
than providing novel technologies that have a promise of
commercialization, because innovation leaders from GE and Purdue will
meet on a peridic basis to discuss strategies and forward-thinking,
value-added objectives derived from university-based research."
In 2011, Purdue, GE Healthcare and the University of Notre Dame
partnered on the development and commercialization of a CT scanning
reconstruction technology called Veo™ (http://www.purdue.edu/newsroom/research_park_foundation/2011/111130GE-ND-Purdue.html)
that enables physicians to diagnose patients with high-clarity images at
previously unattainable low radiation dose levels. The technology is
currently sold and used throughout the world.
"The successful partnership to commercialize a novel digital CT scanning
technology has answered a critical need in health care to provide dose
optimized scans and extraordinary image clarity for health care
providers," said Charles A. Bouman, the Michael J. and Katherine R.
Birck Professor of Electrical and Computer Engineering and a professor
of biomedical engineering at Purdue. "I credit GE for moving this
medical device to the public so quickly, and hopefully the agreement
with GE will help us identify more examples like Veo™."
About Purdue Research Foundation
Purdue Research Foundation (http://prf.org/)
is a private, nonprofit foundation created to advance the mission of
Purdue University (News - Alert). The foundation accepts gifts; administers trusts;
funds research, scholarships and grants; acquires property; and
negotiates research contracts on behalf of Purdue. In the 1990s, the
foundation was charged with helping the university in the realm of
(NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in
energy, health and home, transportation and finance. Building, powering,
moving and curing the world. Not just imagining. Doing. GE works.
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