Tuesday, November 6, 2012

SCRA and TAO Life Sciences Announce Intellectual Property Initiative

SCRA Technology Ventures and TAO Life Sciences Inc. today announced an initiative to accelerate the commercialization of innovative life sciences technologies from SC universities and industry laboratories. TAO Life Sciences will select the standout technologies from research labs in SC that fill unmet needs in the marketplace and collaborate with SCRA to bring these to market, ultimately bringing innovative technologies from the laboratory to customers.

“We are excited to build upon our strong relationships in the South Carolina university communities and to help to further advance their innovative potential," said Mark Chandler, CEO of TAO. "Drawing on our investment, development and commercialization capabilities, we anticipate advancing many technology projects over the next several years with SCRA.”

“SCRA has a long track-record of helping both academia and industry move technologies from the laboratory to the market,” said SCRA CEO Bill Mahoney. “We are eager to incrementally assist South Carolina universities to help move innovative ideas and high-tech products to commercialization through this initiative, which should accelerate our mission of growing the Knowledge Economy in South Carolina. We look forward to a successful relationship with TAO Life Sciences.”

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