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Wealth Building Process of Tech Transfer Revealed and Supported Within Minority Communities

Dept. of Commerce

Minority Business Development Agency (MBDA) InVision Tour

The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) successfully held a five-city tour designed to increase awareness among minority business enterprises of opportunities to improve businesses and create jobs using technology invented in federal government laboratories. The MBDA InVision Tour kicked off in Atlanta from December 6 - 7, 2018, and will include stops in Houston, San Francisco, New York City, and Miami.

“The Minority Business Development Agency is proud to partner with the National Institute of Standards and Technology (NIST) to support minority business development through technology transfer,” said MBDA National Director Henry Childs, II. “MBDA will support American innovation and global competitiveness by helping to increase diversity and inclusion in the technology industry.”

Two-thirds of the most influential technologies of the past 50 years—smartphones, autonomous vehicles, personalized medicine, and GPS—were made possible through private sector use of federally funded research and development in national laboratories and universities.

The MBDA InVision Tour, a collaborative effort between the MBDA and NIST, encouraged minority business enterprises to explore the benefits of utilizing federal technology transfer opportunities. Specifically, the MBDA InVision Tour presented opportunities for cooperative research and development agreements with university and federal researchers, as well as provided information on the funding, facilities, patents, and equipment that federal laboratories have to offer.

To view the original press release, visit https://www.mbda.gov/sites/mbda.gov/files/media/files/2018/pressrelease_2018invisiontour.pdf.

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