Texas Venture Labs Expo
OTC participates in Texas Venture Labs Expo
The Office of Technology Commercialization (OTC) was one of three primary commercialization channels in the UT System to participate in the Venture Labs Expo on Wednesday, May 4, 2011 at the AT&T Executive Education and Conference Center. Richard Miller, M.D., Chief Commercialization Officer and research professor at The University of Texas at Austin, gave an overview of OTC and a presentation titled “Innovative Approaches to University Technology Transfer.”
Focusing on OTC’s local success, Miller told the crowd of over a hundred people that OTC had generated more than $26 million from licensing and royalty payments in the last six months and had filed 1,000+ patents in the past five years.
In addition to Miller’s presentation, two startups were presented by OTC. The first—Graphea, Inc.—is commercializing a patented graphene-based chemistry for synthesis of high-performance composites. Used as a catalyst and for composite reinforcement, the patented chemistry is also eco-friendly and useful for producing advanced materials with wide applications.
The second company to be featured during OTC’s portion of the Expo was Wibole, a wireless cellular communication company which has developed a technology to improve the performance of cellular networks. OTC helped Wibole patent its technology.
Presented by Vidur Bhargava, one of the company’s three founders and a Ph.D. candidate at UT Austin, Wibole’s technology allows cellular devices to pick up a stronger signal from a cellphone tower by “piggybacking” on nearby devices that have greater access to a tower. Up to four devices are reported to be able to “hop” from one device to another at any particular time.
Early tests by the Austin-based company show that multi-hopping can improve cellular capacity by 120 percent, or from 10 megahertz of cellular spectrum to 22 megahertz.
The Venture Labs Expo kicked off Texas Venture Week, UT’s spotlight on Austin’s entrepreneurial spirit. The four-day event was open to the public and included sessions for entrepreneurs, investors, business professionals, students, and faculty.