The University of Kentucky (UK) Office of Technology Commercialization (OTC) has established the UKAccel program, which is a focused cohort hosted through a partnership with Launch Blue. The focused cohort, which may be comprised of UK and Kentucky Commercialization Ventures (KCV) partner institution technologies, offers professional development and an experiential learning opportunity to UK innovators that are interested in learning the best commercialization path for their technology.
UK employees should review the Conflict Guidance for UK Employee Entrepreneurs (pdf, 9pgs).
Who Can Participate?
The UKAccel Program is targeted to UK faculty, staff, researchers, and clinicians that apply to and meet the criteria for the program. Participation at any given time is subject to space in the program and the availability of funds.
Program Participation Requirements
During the program, UKAccel participants take part in:
Bi-Weekly Cohort Meetings: Fridays, 10:00 am - 12:00 pm
Bi-Weekly Coaching Sessions: 30 minutes and scheduled individually
LaunchPad Central Video Lectures: around 30 minutes each lecture
Report Out Template: around an hour every two weeks
Goals: every other week teams will meet with Launch Blue coaches to set goals and problem-solve around any challenges. Some of these goals will include customer discovery interviews and market research.
In total participants should expect to commit at least seven hours a week.
The bi-weekly cohort meetings, except the final, and all of the bi-weekly coaching sessions are online via Zoom. The final cohort meetings will be in person at Base110 in Lexington.
What Are the Primary Outcomes?
The UKAccel program’s goal is to advance the technology toward commercialization, including preparations for Small Business Innovation Research (SBIR) grant applications, creation of a startup, or licensing of the technology.
How is Technology Defined?
The goal of the UKAccel focused cohort of Launch Blue is to advance a technology that is owned by a Kentucky institution of higher education toward commercialization. In this context, ‘technology’ refers to innovation in areas such as 1) agriculture and bioscience, 2) energy and environmental technologies, 3) human health and personalized medicine, 4) information technology and new media, or 5) material science and advanced manufacturing. The innovation should have created or had the potential to create new intellectual property that may be protected through a patent or copyright which provides a competitive advantage in the marketplace.
Commercialization of these innovations will often require large investments of time and capital prior to commercial revenues.
What Makes a Technology or Team a Competitive Candidate?
Competitive candidates for the UKAccel focused cohort will:
Demonstrates dedication to the technology commercialization process.
Willingness to participate meaningfully in the program and work actively towards program milestones. (i.e. customer discovery interviews, active attendance in cohort meetings/coaching sessions, and review of platform materials, etc.)
Scalable opportunity based on strong, stage-appropriate, protectable technology