CORVALLIS — Administrators of the Venture Accelerator at Oregon State University have chosen the first 12 research concepts or spinoff companies to participate in the program, which is designed to spur the creation of new companies from university-based research, according to a university announcement.
The Venture Accelerator is one component of the Oregon State University Advantage, an educational, research and commercialization initiative begun earlier this year. Officials say it should increase industry investment in OSU research by 50 percent and lead to the creation of 20 new businesses within five years.
With the announcement of first participants, new companies may already be taking shape.
In the future this could lead to innovative automobiles, improved heating systems, more efficient solar cells, electricity produced from wastewater, an enhanced online shopping experience or — in a pinch — a safe and efficient caesarian delivery of a baby in small, rural hospitals.
“These concepts and companies are emerging from OSU or the Corvallis community, and we feel good about the commercial potential of all of them,” said John Turner, co-director of the Venture Accelerator Program.
The innovations include generating electricity from wastewater, a car that runs on methane and natural gas, microchannel arrays to heat air and water, small helicopter and photographic systems, health care education games and more.