Vanderbilt University announced today its Center for Technology Transfer and Commercialization signed a record 101 licensing agreements with industry partners in fiscal year 2013-14.
Many of the transactions were in medical diagnostics, health care information technology, pharmaceutics, oncology and biotechnology.
“In my nearly 20-year history in academic technology commercialization, I have not worked anywhere where we even came close to this level of deal flow,” Alan Bentley (pictured), assistant vice chancellor of technology transfer and intellectual property protection in the CTTC, said in a release.
Six start-up companies based on Vanderbilt inventions were launched in FY 2014.
Read more here.
American Colors Inc. will will invest $3.7 million to build a 30,000-square-foot manufacturing and research facility in the Gallatin Industrial Center to support growth at the company’s existing Lebanon location, the Tennessee Department of Economic and Community Development announced today.
In the process, American Colors will create 31 jobs in Sumner County. The company expects the new facility to be fully operational by the first quarter of 2015. The Gallatin facility will produce products for the composites, coatings, plastics and agricultural industries and will include a research lab housing chemists and technicians. American Colors is a manufacturer of liquid pigment systems and intermediates.
“Incumbent industry expansions are an essential element to help spur job creation in our state, and with nearly 45,000 Tennesseans employed within the chemicals and plastics sector, I am pleased to see American Colors add to that number,” ECD Commissioner Bill Hagerty said in a release. “I appreciate the company’s continued confidence in our state’s qualified workforce and for choosing to further invest in Tennessee.”
James Oram Wible, American Colors president and CEO, said the company's increased business and additional opportunities have required an increased production capacity in Tennessee.
“We look forward to creating a state-of-the-art facility in order to continue to provide superior colorants and dispersions to the composites and coatings industries,” Wible said.
In addition to its Tennessee facilities, American Colors has manufacturing locations in Sandusky, Ohio, and Shanghai, China.