- There is more than one business establishment per month and it is a good result, says Pär Johansson, business area manager at LTU Business AB.
Seven ideas have gone on to Arctic Business Incubator, four to GoBusiness service incubator and two have been commercialized without further assistance.
Some examples include Sustainalube - an innovative new bio-lubricants, Ecooil - diesel from ethanol, Zeolite membranes - an efficient gas cleaning, allent Drying - a new sensor technology for wood drying and Memorizon - a memory aid for the elderly.
- This is good example of how long-term research leading to fundamental advances and how those ideas, the industry and the people in the region to benefit, says Pär Johansson, business area manager at LTU Business AB.
The high degree of ideas that are commercialized depends on LTU's unique business approach, according to business developers, which developed from a collaboration with the IC2 Institute in Austin, Texas.
- You could say that we tangibly remove the idea from the academic environments and test it against the intended target market. Based on the feedback and we will do our expert assessment which we summarize in a commercialization strategy and gives to the researcher. We help so clear not only researchers but also small and medium enterprises in the region since we know that the need for product development and innovation is large and steadily growing in an increasingly international market, says Pär Johansson, business area manager at LTU Business AB.