This is an excerpt from EERE Network News, a weekly electronic newsletter.
Building Technologies Office Challenges National Labs to Rethink Market Engagement Strategy
For innovation to prosper, it takes building upon existing technologies and methods to transform them into business opportunities.
Developing innovative science and technology concepts is incredibly challenging, especially when the ultimate goal is to create marketable products. According to the U.S. Patent Office, roughly 3,000 out of 1.5 million U.S. patents evaluated have resulted in a product in the market. Technologies developed in a laboratory setting can just as easily fail to successfully transition into mainstream commercial markets when engineers don’t seek customer feedback.
The Energy Department’s Building Technologies Office (BTO), is tackling this dilemma head-on. The Technology-to-Market (T2M) Initiative in BTO’s Emerging Technologies Program helps technologies get out of the laboratory and into U.S. homes and buildings. Through this initiative, BTO is coordinating research and development, adoption, and market transformation, bridging gaps between researchers, manufacturers, distribution partners, and end-users to streamline and accelerate the pathway to market adoption. BTO’s T2M activities include technology challenges, laboratory or test bed demonstrations, and commercialization planning support to provide the boost needed for technologies to survive at the most critical stages of development. For the complete story, see the EERE Blog.