Stennis, Loyola University partner to help entrepreneurs

NASA's Stennis Space Center and Loyola University in New Orleans announced Thursday a partnership to educate young entrepreneurs and industry leaders about the benefits of NASA research and the development and the use of NASA intellectual property in commercial applications.

Under a recently-signed Space Act Agreement, Loyola MBA students will review the portfolio of Stennis' patented technologies and will work next spring to develop a viable business plan for bringing that technology to market.

T2U brings NASA technologies "down to Earth." The effort already has resulted in the successful commercial marketing of a product, using technology developed at Kennedy Space Center.

This agreement calls only for the development of a business plan but could become a reality. Startup NASA was launched to help new companies take NASA technology to market.

Under the initiative, startup companies can be granted a license to NASA intellectual property without the usual up-front costs that pose a financial challenge in many instances.

Details: technology.nasa.gov/startup or technology.nasa.gov/t2u

This story was originally published November 19, 2015 at 2:59 PM with the headline "Stennis, Loyola University partner to help entrepreneurs ."