Purdue Research Foundation, Techshot partner on program to help emerging technology startups

WEST LAFAYETTE, Ind., NEW ALBANY, Ind. and GREENVILLE, Ind. (July 16) – Officials from Purdue Research Foundation and Techshot Inc. announced that they will partner on a program designed to accelerate the development of emerging technology companies by leveraging Techshot’s unique technology commercialization capabilities.

Purdue Research Foundation, which manages the four-site Purdue Research Park network, and Techshot, a product and technology development company in Greenville, Ind., will coordinate specific technology assessment, product development, Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) services to assist Purdue Research Park-based entrepreneurs.

“The foundation and Techshot have a proven track record in providing entrepreneurs with the essential facilities and services to be successful,” said Joseph B. Hornett, senior vice president, treasurer and COO of the Purdue Research Foundation. “Our goal is to expand the services even further by collectively providing more opportunities to entrepreneurs, and, in turn, promoting the growth of high-tech companies in Indiana.”

These services will complement the existing slate of advisory services available to Purdue Technology Center companies through its Purdue Portals program. Together, the enhanced service offerings are intended to accelerate new business growth by creating links between product research and commercial application.

As part of the partnership, officials from Techshot will have office space in the Purdue Research Park of Southeast Indiana and may eventually have office space in the Purdue Research Park locations in Indianapolis, West Lafayette and Merrillville. Techshot’s first spin-off, a medical device company called IKOTECH, was the first to move into the Purdue Technology Center of Southeast Indiana in New Albany.

“For 12 years, we have been in the business of helping entrepreneurs succeed, specifically focusing on research and development, design reviews, feasibility studies and prototyping,” said Mark S. Deuser, co-founder and president of Techshot. “The partnership between Techshot and Purdue Research Foundation is unique in the sense that we are both in business to help other businesses. With that common goal, we anticipate that we will be able to move forward quickly with commercializing new technologies and getting new products to the public faster.”

About Techshot Inc.

As a product and technology development company, Techshot (http://www.techshot.com) has brought together some of the finest, widest-ranging and most innovative minds in the country for one purpose: to custom design and prototype mechanical, electrical and software solutions for complex engineering and scientific challenges. The company is multi-industry in scope, serving research labs, the automotive/transportation industry and various customers related to military/defense, aerospace, medicine/biotechnology and alternative energy.

About Purdue Research Park

The Purdue Research Park (http://www.purdueresearchpark.com) has the largest university-affiliated business incubation program in the country. The Purdue Research Park has four sites in the state of Indiana. They are Purdue Research Park of West Lafayette, Purdue Research Park at AmeriPlex-Indianapolis, Purdue Research Park of Northwest Indiana and the Purdue Research Park of Southeast Indiana. The nearly 200 companies located in the park network employ about 4,000 people. In 2004, the Purdue Research Park of West Lafayette was named. Outstanding Science/Research Park by the Association of University Research Parks.

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