University Technology Park at IIT and Heidelberg Technology Park Form Cooperative Alliance
University Technology Park at Illinois Institute of Technology (UTP) and Technologiepark Heidelberg GmbH (Heidelberg Technology Park-HTP) have formed an alliance to encourage cooperation between the two institutions.
The alliance will practice and encourage technology transfer and commercialization to increase research related economic growth in Chicago and Heidelberg and their respective regions in the United States and Germany.
Cooperation will include the exchange and dissemination of information to science and business communities including newsletters, announcement of meetings, seminars and conferences, non-confidential invention disclosures technology licensing opportunities and other matters of interest.
Other elements of the agreement between the two Tech parks include linking UTP and HTP web pages and encouraging the development of common web services, offering temporary office space to visiting executives affiliated with UTP or HTP and to hold meetings to promote trade, investments and new technology cooperation.
The two technology parks also will organize inbound and outbound networking missions establishing platforms for partnering activities and to have joint presentations or to share exhibit space at international conferences and meetings.
"University Technology Park At IIT is providing a venue for the development of new businesses that will make a difference in the future," said David Baker, UTP Executive Director. "Our relationship with Heidelberg and other similar institutions in the United States and around the world will help those seeking technology transfer and places to grow their business both here and abroad."
"The cooperation with the University Technology Park at IIT, Chicago, creates a fertile ground for new business opportunities. We will make them happen," Klaus Plate, CEO of Heidelberg Technology Park added.
Founded in 1890, IIT is a Ph.D.-granting university with more than 6,700 students in engineering, sciences, architecture, psychology, design, humanities, business and law. IIT's interprofessional, technology-focused curriculum is designed to advance knowledge through research and scholarship, to cultivate invention improving the human condition, and to prepare students from throughout the world for a life of professional achievement, service to society, and individual fulfillment.
