The Center for Advancing Innovation is a registered

501(c)(3) A 501(c)(3) organization is a United States corporation, Trust (business), trust, unincorporated association or other type of organization exempt from federal income tax under section 501(c)(3) of Title 26 of the United States Code. It is one of ...

non-profit organization based in

Bethesda, Maryland Bethesda () is an unincorporated, census-designated place in southern Montgomery County, Maryland, United States. Located just northwest of Washington, D.C., it is a major business and government center of the Washington metropolitan region ...

focused on accelerating

technology transfer Technology transfer (TT), also called transfer of technology (TOT), is the process of transferring (disseminating) technology from the person or organization that owns or holds it to another person or organization, in an attempt to transform invent ...

and commercialization, especially in biotechnology. It was founded by Rosemarie Truman, a consultant and former VP of Global Strategy at

Marsh & McLennan Marsh & McLennan Companies, Inc., doing business as Marsh McLennan, is a global professional services firm, headquartered in New York City with businesses in insurance brokerage, risk management, reinsurance services, talent management, invest ...

. She was also a senior manager at

Oracle An oracle is a person or thing considered to provide insight, wise counsel or prophetic predictions, most notably including precognition of the future, inspired by deities. If done through occultic means, it is a form of divination. Descript ...

and

Goldman Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...

. Among its efforts to promote innovation, the Center organizes "challenges" in which experts judge hundreds of promising technologies and research projects in such areas as breast cancer and nanotechnology. It recently announced a new challenge for 2017 called "Space Race" in partnership with

NASA The National Aeronautics and Space Administration (NASA ) is an independent agencies of the United States government, independent agency of the federal government of the United States, US federal government responsible for the United States ...

and the Medical Center of the Americas Foundation. The

Washington Post ''The Washington Post'', locally known as ''The'' ''Post'' and, informally, ''WaPo'' or ''WP'', is an American daily newspaper published in Washington, D.C., the national capital. It is the most widely circulated newspaper in the Washington m ...

reported that the Center has “helped launch 32 biotechnology start-ups in the three years since its pilot competition." The Center was a recipient of a first-ever “Excellence in Federal Challenge & Prize Competition” award from the U.S.

General Services Administration The General Services Administration (GSA) is an Independent agencies of the United States government, independent agency of the United States government established in 1949 to help manage and support the basic functioning of federal agencies. G ...

in the category of “Best in Business Plans/Entrepreneurship” for the Breast Cancer Startup Challenge it organized with the

National Cancer Institute The National Cancer Institute (NCI) coordinates the United States National Cancer Program and is part of the National Institutes of Health (NIH), which is one of eleven agencies that are part of the U.S. Department of Health and Human Services. ...

and Avon Foundation for Women. The Center’s efforts led to 478 people being trained in the “business of science” and entrepreneurship.

References

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External links

The Center for Advancing Innovation website
Technology transfer Knowledge transfer