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This week the National Institute of Standards and Technology (NIST) welcomed dozens of representatives from Maryland businesses to learn about collaboration and technology licensing opportunities at a “Green Technology and Advanced Manufacturing Showcase.” The event was hosted by the Maryland Technology Development Corporation (TEDCO), an independent organization that provides entrepreneurial business assistance and seed funding for the development of startup companies in Maryland.

In a 2011 Memorandum, President Obama wrote, “Innovation fuels economic growth, the creation of new industries, companies, jobs, products and services, and the global competitiveness of U.S. industries. One driver of successful innovation is technology transfer, in which the private sector adapts federal research for use in the marketplace.”

To read the original article: Fostering Technology Transfer and Entrepreneurship | Department of Commerce