CHARLESTON, S.C.--(BUSINESS WIRE)--SCRA today announced its Partnership Intermediary Agreement with Naval Surface Warfare Center (NSWC) Crane Division. SCRA will leverage its knowledge and relationships to identify small businesses and educational institutions in an effort to assist NWSC Crane Division with licensing technologies and technology transfer.
“Through intellectual property commercialization, we can help the US Navy ensure high returns-on-investment for their research dollars, which will ultimately strengthen our national and state economies.”
The partnership will combine NSWC Crane Division’s ability to generate innovative technology with SCRA's proven ability to commercialize technology. Ultimately, the partnership will bring technology and intellectual property generated and developed by NSWC Crane Division researchers and engineers to the commercial market. The Navy is a strong proponent for transferring this intellectual property into widespread use within the United States' industrial base.
"This partnership, much like our SPAWAR program partnership, will serve as a model for transferring federal technologies to the commercial market," said SCRA CEO Bill Mahoney. "Through intellectual property commercialization, we can help the US Navy ensure high returns-on-investment for their research dollars, which will ultimately strengthen our national and state economies."
SCRA is an applied research corporation with over 30 years of experience delivering technology solutions with high returns on investment to federal and corporate clients. To fulfill our mission, SCRA has three sectors: Our Technology Ventures sector helps early-stage companies to commercialize innovations and create jobs, our Applied R&D sector manages over 100 national and international programs worth over $2 billion in contract value and our R&D Facilities sector builds and manages research facilities that include wet labs, secure rooms for sensitive work and advanced high-tech manufacturing shops.
Multiple economic impact studies show SCRA's cumulative output on South Carolina's economy to be over $14 billion, and that the company has helped create approximately 15,000 technology-related jobs in the state, with annual wages averaging between $55,000 and $77,000.