For the first time in Embry-Riddle’s history, the university has signed a license agreement giving a company exclusive rights to a piece of university-owned intellectual property.
AquaSolve Ventures LLC was formed to commercialize technology initially invented in Embry-Riddle’s Clean Energy Lab at the Daytona Beach Campus. After designing and installing large-scale water systems on faculty-led summer visits to earthquake-ravaged Haiti in the past few years, three Embry-Riddle students came back to the university with the idea of creating an ultra-portable, ruggedized solar-powered water purification system, and their idea has seen almost immediate success.
Find out more about AquaSolve Ventures and the Disaster Ready On-site Purifier (DROP) at www.aquasolveventures.com.
“This water purification system is an example of the growing culture of innovation and entrepreneurship at Embry-Riddle and of the ‘service to humanity’ focus of our engineering programs,” said Dr. Richard Heist, Chief Academic Officer of the Daytona Beach Campus. “We are particularly pleased that this same effort has led to the creation of the first Embry-Riddle start-up company, AquaSolve Ventures.”
In addition, a record 23 invention disclosures were submitted across departments at both the Daytona Beach and Prescott campuses in the past year. An invention disclosure is the initial step in a process that can lead to an invention receiving a patent.
“We hope to follow this same pathway to commercialization with many other start-ups in the future,” said Dr. Stephanie Miller, Director of Technology Transfer and Commercialization at Embry-Riddle. “It’s been a busy and successful year in innovative research, and we can’t wait to see the new technologies and inventions created by the university’s talented faculty, staff and students on our three campuses in this upcoming year.”
Read more about technology transfer and the growing culture of innovation at Embry-Riddle in the Innovation Activity Report at http://research.erau.edu/Assets/research/data/Innovation-Activity-Report-2014.pdf.
Learn more about Technology and Commercialization at Embry-Riddle:
For more information on technology transfer, intellectual property or research commercialization at Embry-Riddle, contact Dr. Stephanie Miller at firstname.lastname@example.org or (386) 226-6388.
Embry-Riddle Aeronautical University, the world’s largest, fully accredited university specializing in aviation and aerospace, is a nonprofit, independent institution offering more than 70 baccalaureate, master’s and Ph.D. degree programs in its colleges of Arts & Sciences, Aviation, Business, Engineering and Security & Intelligence. Embry-Riddle educates students at residential campuses in Daytona Beach, Fla., and Prescott, Ariz., through the Worldwide Campus with more than 150 locations in the United States, Europe, Asia and the Middle East, and through online programs. The university is a major research center, seeking solutions to real-world problems in partnership with the aerospace industry, other universities and government agencies. For more information, visit http://www.embryriddle.edu, follow us on Twitter (@EmbryRiddle) and facebook.com/EmbryRiddleUniversity, and find expert videos at YouTube.com/EmbryRiddleUniv.