Tuesday, August 26, 2014
NSF To Create Innovation Center In LA
The National Science Foundation is planning to create a new, innovation center in Los Angeles, in conjunction with the University of Southern California, the California Institute of Technology (Caltech), and the University of California Los Angeles, the NSF said this morning. According to the NSF, the new center is looking to support the translation of scientific and engineering research into technology for the marketplace, and will be supported by a multi-million dollar grant. Size of that grant was not announced by the schools, however, a NSF award abstract says the award under the grant so far is around $1.18M. The grant's principal investigator is USC Viterbi School of Engineering Dean Yannis C. Yortsos. The movement focuses on creating an "innovation hub" focused on improving technology commercialization efforts.