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The importance of technology cannot be underestimated; the technological industries are probably the fastest moving in the world following news stories is vital because technology can cover all manner of industries and hence news stories vary greatly in subject matter.

In today’s high tech world it is unsurprising that so many areas of commerce and life depend upon technology and subsequently, any news in these fields is of vital importance to even the lay reader. Technology news is so important that many news websites have created dedicated pages purely to report on technological developments.

Naturally industries such as computing and video gaming are heavily interested in the developments reported as part of technology news stories. In computing new processor chips as well as other developments are always followed closely to assess the power of future computers. The same can be said for the video games industry that constantly uses technology news stories to keep an eye on what competitors are doing.

Not only can news in this industry contain technological developments but sales figures and levels of worldwide sales of consoles or games. Another essential element of news in the gaming industry is to see which games are being banned and heavily policed by regulators as this can help developers gain a good idea of where the boundaries lay in game development.

There are industries that rely on the technology news pages that may surprise some people; the medical industry relies heavily on technical developments to advance forms of diagnosis and treatment. A recent story on students using consoles to increase their dexterity before surgery was a news article that provided a unique insight into the medical world.

Surprisingly sports are becoming increasingly reliant upon technology to increase their efficiency and skill levels; in cricket it is believed that some players where GPS systems that reveal the amount of running a specific player does during a match and hence alter his training scheme accordingly.

The importance of technology in communications is probably where news is most important. As one of the fastest developing industries in the world, communications has the potential to change our lives unimaginably. Already the mobile phone has revolutionised the way we live and communicate and hence many want to be well informed when a new technology arrives. Next generation phones with full mobile internet as well as GPS navigation systems are at the forefront of the mobile phone industry meaning enthusiasts as well as industry commentators are glued to news stories as they role off the presses.

Other developments reported in the technology news pages include information on the interfaces we use to interact with our various pieces of technology. Recent stories have included reports of headsets that allow users to control game characters through emotions and facial expressions as well as the ability to move items cognitively in a virtual world. Outside of the gaming sphere the rumours of a ’3D internet’ are rife as increasing progress is made in the way we interact with technology.

Developments include ways in which technology may change our home lives. With news stories reporting of fridges that can automatically order food as it runs out, self cleaning ovens and vacuum cleaners that will clean the house without the lifting of the finger. If you believe all the news stories have to say, in the future we will be living in a world without manual labour.

Everyone should have a passing interest in technological developments as eventually they may change everyone’s lives for the better. Granted some of the technology news stories can be too detailed for the lay reader to enjoy but if the stories are written from a general interest perspective, all should be entertained and educated about technology that may one day change the world.

October 06, 2008 – Toronto, Canada – Edmund Rucels, Director of Business Development at GAO RFID Inc. will cover intelligent RFID technology widely used by a variety of financial enterprises at the 2008 Financial Services Technology Forum scheduled on October 28 & 29, 2008 at the Design Exchange in Toronto, Canada.

Ed is a senior technology executive. He has a combined 40 years of IT operations and RF sales and marketing experience. He was an executive with Canada’s leading telecommunications manufacturer where he directed data processing and global network strategy. Later, he was consultant to a number of technology startup companies. Prior to heading sales and marketing at GAORFID he was responsible for global market at Canada’s leading RF manufacturer where he directed international supply chain initiatives for the cold chain and seaports.

2008 Financial Services Technology Forum

The 2008 Financial Services Technology Forum focuses on new, cutting-edge enterprise applications and solutions that are sustainable, flexible, and increase profitability. This year’s event features over 30 interactive expositions and 20 engaging conference sessions presented to all corporate users, from service providers to small, medium and large businesses alike.

About WowGao Inc.

WowGao Inc. is an Event Management Company that organizes and manages internationally renowned conferences and expositions focusing on latest innovations and developments in Information Technology Industry since 2003. We have been honored with an award for our excellence. Our featured events are:

- 2008 Financial Services Technology Forum, October 28 & 29, 2008
- 2009 Government & Health Technologies Conference and Expo, April 28 & 29, 2009
- 2009 Wireless & Mobile Expo and Conference, June, 2009

- 2009 RFID Forum, June, 2009

For any media queries:

  October 06, 2008 – Toronto, Canada – Edmund Rucels, Director of Business Development at GAO RFID Inc. will cover intelligent RFID technology widely used by a variety of financial enterprises at the 2008 Financial Services Technology Forum scheduled on October 28 & 29, 2008 at the Design Exchange in Toronto, Canada.

Register now for your complimentary All-Access Pass.

Visit http://e-financial.wowgao.com/registration/multiple

Ed is a senior technology executive. He has a combined 40 years of IT operations and RF sales and marketing experience. He was an executive with Canada’s leading telecommunications manufacturer where he directed data processing and global network strategy. Later, he was consultant to a number of technology startup companies. Prior to heading sales and marketing at GAORFID he was responsible for global market at Canada’s leading RF manufacturer where he directed international supply chain initiatives for the cold chain and seaports.

2008 Financial Services Technology Forum

The 2008 Financial Services Technology Forum focuses on new, cutting-edge enterprise applications and solutions that are sustainable, flexible, and increase profitability. This year’s event features over 30 interactive expositions and 20 engaging conference sessions presented to all corporate users, from service providers to small, medium and large businesses alike.

About WowGao Inc.

WowGao Inc. is an Event Management Company that organizes and manages internationally renowned conferences and expositions focusing on latest innovations and developments in Information Technology Industry since 2003. We have been honored with an award for our excellence. Our featured events are:

- 2008 Financial Services Technology Forum, October 28 & 29, 2008
- 2009 Government & Health Technologies Conference and Expo, April 28 & 29, 2009
- 2009 Wireless & Mobile Expo and Conference, June, 2009

- 2009 RFID Forum, June, 2009

For any media queries:

Director of Marketing,

416-292-0038 ext 812

attendee@wowgao.com

There is no doubt that these are tough economic times. Unemployment is high and credit is tight. Key indicates show that is the worse economy in a generation. Many technology transfer offices have seen potential business partners reduce their innovation portfolios and expenditures. This coupled with a reduction in funding sources, from grants and investors to university sources are blowing the technology transfer research commercialization efforts into the perfect storm.

There are difficulties and challenges, but these times also create opportunities. Here are seven tips to help your technology transfer office succeed in these tough economic times.

1. Maintain a list of problems that are relevant to the research and technologies in the pipeline.

Technology transfer offices typically get involved in research commercialization efforts late in the research and testing process. Get involved earlier in the process and start developing a list of problems of which the research can be applied.

This is really an early brainstorming exercise. Don’t just talk to the researchers. Get business input from those who are not involved with the research or the research teams. Independent ideas can be worth their weight in gold.

2. Develop long-term business relationships.

”Dig the well before you are thirsty.”
-Chinese Proverb

Start developing business relationships with business leaders from a wide range of industries. Do this even before you have any applicable research or solutions for them. These relationships will pay off in two ways.

? You will have a better understanding of the types of challenges that these businesses face.
? When you do have promising research technologies and solutions you already have a relationship with the business or their contacts.

3. Pair researchers with business mentors.

Researchers think like researchers. Business people think like business people. Getting the two to communicate with each other versus talking to each other is a common technology transfer office challenge.

Providing a business mentor to promising research leaders will help alleviate this common problem. This continuous conduit will go a lot further than a long forgotten entrepreneurial seminar.

4. Develop alternative commercialization strategies early.

Good business people know that there is always a chance that their efforts may fail. Technology transfer officers know this too. Unfortunately, many researchers and inventors do not think about this, much less plan for it.

Most inventors think that their invention is world changing and worth millions. They have visions of establishing a company based on their research or technology, selling it for millions, and retiring in the lap of luxury.

The truth of the matter is that nine out of ten spin offs and startups will fail. You, can as the technology transfer officer can improve these odds.

I sit on the advisory board for some start up focused investment funds. One of the strategies that we have developed recently is to go for the big distribution partnering deal with large companies. When that doesn’t work – we find out why and have alternative proposals available.

This alternative could be limited distribution agreements on licensing deals. It really doesn’t matter what the alternative is. What does matter is that you get to stay in the game and get a return on the sunk costs.

5. Reduce risks for all involved.

It wasn’t that long ago that many universities shunned the entire technology transfer process. They wanted their faculty teaching and doing research, not commercializing their intellectual property. My, how times have changed.

Now universities love the revenue that comes from royalties and equity distributions and sales that are associated with intellectual property commercialization. Businesses are always looking for a competitive advantage and right now innovation is the soup de jour, except for one thing …RISK!

In order to get more businesses interested in potential technology look for new ways to reduce their potential risks. Right now cash is king. Instead of negotiating a lower royalty percentage, offer your potential licensor a deferred royalty agreement at a higher percentage. This is the business innovator’s version of “no interest payments for 3 years”.

This approach allows the business to conserve cash today and the university to reap more money in the long run. It’s better than the technology sitting on the shelf waiting to become obsolete.

6. Teach bootstrapping to your startups.

All technology startups need money. That is a known fact. The truth is that many could get by with less money than they think that they need. There in lies the art of bootstrapping. Bootstrapping basically means to start and operate a business without lots of investment funds. It requires the entrepreneur to focus on sales and to hold fixed costs to an absolute minimum.

Bootstrapping requires a unique mindset that few lead researchers turned entrepreneurs can relate to. It takes a special entrepreneur to be able to successfully bootstrap a business.
Help your lead researchers and startup teams. Get some experienced bootstrappers on your advisory and consulting teams and pass the knowledge on to your startups.

7. Partner with other technology transfer offices.

Technology transfer offices provide a valuable service to both the university and their research communities. They play a vital role in the economic development of their respective communities and states. Unlike many organizations involved in the invention commercialization process they do not compete.

Some technology transfer offices such as Stanford and MIT are the envy of their peers, however most technology transfer offices do not reside in a geographic area that harbors entrepreneurship in its DNA.

Partnering with other technology transfer offices offers many unique benefits that cannot be found though other means. It opens up dialogue and support for represented research and technologies to new areas and new commercialization ideas. It develops relationships with other potential business partners and fosters potential research synergies.

Targeted TTO partnerships can lead to specific research pairing with higher degrees of commercialization potential. This focused effort will, in the long run, yield a high degree of return on investment.

These 7 technology transfer officer tips can help you reduce your operating costs and increase your revenue generation success rate. It’s a win for society, the researcher, the business community, the university, and YOU!

A company set-up to take bright new ideas in the energy industry off the drawing board and into the market place has appointed a managing director.

George Lilley heads-up newly-formed EA Technology Ventures, created as a launch-pad to get off the ground some of the most exciting new ideas in energy-related products and services.

The North West Business Investment Scheme (NWBIS) – a funding programme for businesses managed by YFM Private Equity on behalf of the NWDA (Northwest Regional Development Agency) has already made a significant investment into the company.

This will allow EA Technology Ventures to fund the commercialisation of a portfolio of opportunities – including innovative systems that can help reduce the nation’s dependence on coal-generated power and state-of-the-art electrical protection devices.

EA Technology Ventures is an offshoot of the EA Technology Group, a leading-edge power asset management company with a world-class reputation for delivering innovative business solutions to companies which supply, distribute and use energy. Set up in the 1960’s as the R&D centre for the UK electricity industry, EA Technology is now independent and has 140 employees in the business.

EA Technology Ventures will be based within EA Technology’s headquarters, at Capenhurst, Chester.

Robert Davis, CEO of EA Technology, said: “The support EA Technology Ventures will enjoy through its association with EA Technology, combined with George’s leadership, creates an exciting opportunity to nurture and develop innovative new ideas across the energy industry.”  

George, 49, has more than 15 years of Board experience. A Fellow of the Chartered Institute of Marketing, his key areas of expertise include corporate development and planning, financial control, management, strategic marketing and business development.

His career has included driving a company from a turnover of £2 million up to £40 million and George has also overseen a business from initial start-up to its sale to a major PLC.

George said: “This is a new, challenging role and one I’m really looking forward to.

“Through EA Technology Ventures, EA Technology now has the opportunity to release some of the pockets of ideas it currently holds, but has not previously had the resources to commercialise.

“As well as taking these concepts forward, we intend to reach out to the inventor community to identify and support some of their new ideas too.”

ENDS

Notes To Editors

EA Technology Ventures is a company established as a vehicle to seek out, invest in and work with new ventures across a wide range of traditional and emerging energy related sectors, including energy efficiency, smart grid and new energy distribution and storage technologies.

EA Technology Ventures is an offshoot of the EA Technology Group, a leading international power asset management company with a world-class reputation for delivering innovative business solutions to companies which supply, distribute and use energy. Set up in the 1960’s as the R&D centre for the UK electricity industry, EA Technology is now independent and has 140 employees in the business.

It delivers unrivalled technical and scientific experience, with customers operating across a spectrum of industries, notably the electricity, rail and industrial sectors.

EA Technology Ventures is based within EA Technology’s headquarters, at Capenhurst, Chester.

Further information please contact;

Soo Turnock, Marketing Manager, EA Technology Ventures

Soo.Turnock@eatechnology.com

0151 3472131

Press release issued by Jane Shepherd, Shepherd PR. Contact 01538 308685/308099 Mobile 07985 129315    www.shepherd-pr.com

Modern 3D printer technologies use a printing process that creates 3D objects with a 3D printer. This is also known as additive manufacturing. The printer will produce a prototype of an object. In addition, the 3D printer is affordable, user friendly and quicker than other technologies. Also, it is possible with this type of technology to print parts of a material in a single process. Nowadays, 3D printers are more affordable for small and medium scale businesses. Businesses are able to use rapid prototyping at their office location.

Before the development of the 3D technology, it was a lengthy process to develop a prototype of a material. During this time, it would take expensive tools, man power and machinery to create a model of a product. With the development of rapid prototyping, it became more affordable for businesses to develop a model.

Inkjet printing is one form of the faster types of modern 3D printing technologies that prints models or prototypes in color. Inkjet printing uses power to be creative and develop a shape. Many biotech firms and academies are looking at using 3D technology for tissue engineering purposes. In addition, organs and body parts are created using inkjet printing. Also, the creations of the body parts are created in one production. This type of technology can help with organ replacements like a hip replacement. The artificial body part created with this process will have the same dimensions as the original body part. This field of technology is called computer aided tissue engineering, organ printing or bio printing.

Other 3D technologies

Some other 3D technologies are 3D scanning. In addition, 3D scanning is the duplication of a factual object without help of a molding method. Other applications of 3D technology can be used to create furniture pieces for homes and modern businesses. As well as, this type of technology is used in architectural design. It is very hard to build and glue architectural designs by hand. You will have to handle the pieces with care or risk the possibility of the design being ruined. The development of 3D technology eliminates this problem. 3D technology makes its possible to create a good design with the exact length, shape, size, width and form. Also, you will be able to evaluate project and the ability see a finished model before the project is completed.

Many schools and university are using 3d technology to teach their students about developing and designing models. This is a good advantage for students because students will learn how to use high end technologies. Also, the students will push designing to the next level with 3D technology. Some of the advantages of this type of technology are the ability to create quick results and its user friendly. Modern 3D printer technologies can save on time and cost to produce a single model of a product.

Read more: 3D Printing Blog