Entrepreneurs have the chance to take ideas from the Space and Naval Warfare Systems Center Pacific lab to market through the Arizona State University's Furnace accelerator.
Arizona State University’s Furnace accelerator program has joined with the Navy to find entrepreneurs that wish to take ideas from the Point Loma Navy lab to market.
The Navy lab, also known as Space and Naval Warfare Systems Center Pacific or SPAWAR Systems Center Pacific, owns many patents on potentially useful ideas that have not been developed. In joining with the Furnace accelerator they hope to find entrepreneurs that can develop them and bring them to market.
US-based venture capital firm Wasabi Ventures is also working with the two institutions.
Ideas created by the SPAWAR lab include a radio antenna made from a stream of seawater and a high-velocity spherical microbot.
Online applicants will be making their pitches to the programme at the end of this week. Successful applicants will be placed into a six-month accelerator programme that ends with a Demo Day.
