Three academic teams from Ireland have progressed to the next stage of Alcatel-Lucent Bell Labs’ Open Innovation entrpreneurial boot camp. Pioneered by Bell Labs in Belgium, boot camps act as ‘internal incuators’ by bringing together people with ideas and people with the skills to make them happen. It will be hosted by Dublin City University’s Ryan Academy. The three Irish teams will be joined by a further three Alcatel-Lucent projects from the UK.
Training will be provided in modules on subjects such as feasibility, finance and cash flow, marketing and sales.
Two recent boot camp projects, Mobile Wallet and video analytics service AppGlide are now part of Alcatel-Lucent’s solutions portfolio.
Minister for Research and Innovation Sean Sherlock said: "Alcatel-Lucent’s Open Innovation Bootcamp is a great initiative. There is no shortage of good ideas coming out of our academic research centres but the steps towards commercialisation can be very daunting. This bootcamp partnership between industry, academia and Irish entrepreneurs has all the right ingredients to mentor promising projects through to market launch. Building a successful knowledge economy is at the heart of the government’s strategy for growth."
Dr Sam Samuel, executive director of Bell Labs Ireland, said: "This announcement underlines our commitment to the Government’s call for greater co-operation between academia and industry. Having Industry and academia work together to help translate academic technology research into viable enterprise via the boot camps could eventually make an important contribution to the Irish economy."
The boot camp runs until March 2012.
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