TechLink recently received a 2010 Excellence in Economic Development Award in the "Technology-Based Economic Development" category from the International Economic Development Council (IEDC).
The honor was presented to TechLink's executive director, Dr. Will Swearingen, at an awards ceremony on Tuesday, September 28, during the IEDC Annual Conference in Columbus, Ohio. The IEDC is the world's largest organization representing the economic development profession.
TechLink is a nationally recognized, federally funded technology transfer center at Montana State University, Bozeman. Its principal sponsor is the Department of Defense (DOD). TechLink fosters technology-based economic development by helping companies to access the diverse inventions, unique technical capabilities, and sizeable R&D funding available in the nation's 100-plus DOD labs.
TechLink has brokered over 700 technology partnerships between DOD labs and companies in 36 states and 8 foreign countries. These include approximately 240 licensing agreements with industry for DOD-developed technology.
TechLink's technology transfer activities have resulted in substantial economic development. An independent economic impact study covering 2000-2009 determined that TechLink-facilitated partnerships have generated $729 million of economic output and created or retained 4,290 jobs nationally.