SCRA to Partner with SPAWAR Systems Center Atlantic

Partnership Goal to License Technologies, Commercialize Intellectual Property

CHARLESTON, S.C.--(BUSINESS WIRE)--SCRA today announced its Partnership Intermediary Agreement (PIA) with Space and Naval Warfare (SPAWAR) Systems Center Atlantic. SCRA will leverage its knowledge and relationships to identify small businesses and educational institutions and will work with SPAWAR Systems Center Atlantic to transfer technologies with the goal to improve the economic, environmental and social well-being of the US in a global economy by taking advantage of innovation developed with tax payer money in the Federal Labs.

“Through intellectual property commercialization, we can help the US Navy ensure high returns-on-investment for their research dollars, which will ultimately strengthen our nation’s industrial base. We look forward to a productive and successful partnership with SPAWAR Systems Center Atlantic.”

The partnership will combine SPAWAR Systems Center Atlantic’s ability to generate ground-breaking technology with SCRA’s ability to help entrepreneurs form successful technology companies, ultimately bringing technology and intellectual property generated and developed by SPAWAR Systems Center Atlantic researchers and engineers to the commercial market. The Navy is a strong proponent for transferring this intellectual property into widespread use within the United States’ industrial base.

“This partnership will serve as a model for growing the Knowledge Economy at both the state and national level,” said SCRA CEO Bill Mahoney. “Through intellectual property commercialization, we can help the US Navy ensure high returns-on-investment for their research dollars, which will ultimately strengthen our nation’s industrial base. We look forward to a productive and successful partnership with SPAWAR Systems Center Atlantic.”

About SCRA

http://www.scra.org/

SCRA is an applied research corporation with over 29 years of experience delivering technology solutions with high returns on investment to federal and corporate clients. SCRA, through its flagship SC Launch program, has a demonstrated track record of success in helping form early-stage companies that commercialize new technologies. Since 2005, SC Launch has helped over 277 technology-based companies form and grow in South Carolina. Multiple economic impact studies show SCRA’s cumulative output on South Carolina’s economy to be over $14 billion, and that the company has helped create approximately 15,000 technology-related jobs in the state, with annual wages averaging between $55,000 and $77,000.

About SPAWAR Systems Center Atlantic

SPAWAR Systems Center Atlantic is a Department of the Navy Information Dominance Systems Center. We meet our nation's demands for uninterrupted vigilance, fail-safe cyber security, adaptive response and engineering excellence by delivering secure, integrated and innovative solutions to many naval, joint and national agencies. We design, acquire, engineer and sustain the systems, sensor connections, cyber network infrastructures and knowledge management services to ensure reliable information is available to only those who need it, where and when it is needed.