How It Works

TecF flo chartTecFusion™ facilitates access for companies in the private sector to a wealth of highly-creative — often breakthrough — open innovation research, and gives entrepreneurs an opportunity to present, license and sell their technologies. Intellectual property developed from approximately 2,000 Phase II federal research awards to small businesses each year is owned by these technology companies and can be shared, licensed or sold, maximizing the value of the federal investment, and spurring economic development. The TecFusion team works with major corporations to identify technology needs or areas of interest. Once specific technology areas have been identified, the TecFusion team conducts a search of Small Business Innovative Research (SBIR) and Small Business Technology Transfer (STTR) projects that might match the interests of the corporation. A typical search can yield more than 100 small businesses working on the technologies of interest to the corporation. TecFusion searches research awards from:

  • NASA
  • Department of Defense
  • Health & Human Services
  • Department of Energy
  • Department of Homeland Security
  • National Science Foundation
  • Department of Agriculture
  • Department of Commerce
  • Department of Education
  • Environmental Protection Agency
  • Department of Transportation

The corporation then reviews and selects the most promising of those businesses and conducts interviews to further narrow the list to those they’d like to convene at the corporation site for a TecFusion Summit, which the TecFusion team helps to facilitate. The TecFusion Summit comprises a mini-trade show, individual technical presentations and networking opportunities. Based on these more detailed interactions, the corporation then determines with which companies they would like to partner on a more formal basis.  The ensuing relationships have included licensing, the sale of technology, joint development programs and possibly acquisitions. TecFusion exemplifies how government-funded research can result in new commercial products, processes or services, helping corporations and the SBIR/STTR companies. The program effectively leverages taxpayer dollars that have funded small business research. In the end, TecFusion is a win-win for everyone.