Today, IDT has operations in
In addition to its product-manufacturing mission, the company operates a world-class molecular biology research division that is a proven innovator of novel applications for DNA and RNA-based compounds.
"IDT's success demonstrates the power of basic research to create long-term dividends to the state economy," says UI Vice President for Research and Economic Development
"The new drugs and treatments stemming from IDT's products have profound implications for human health and improve our daily lives," Reed adds. "IDT also provides career opportunities that retain talented people in our state."
She says IDT researchers have published a considerable body of research work, a list of which may be found here (http://www.idtdna.com/pages/support/technical-vault/reading-room/publications).
"Research funding makes it possible for scientists to collaborate with our research group and buy our products," she adds.
"Sparking Economic Growth 2.0" says that university research and the companies born from it are a driving force behind much of the innovation in
"They are bringing forward innovations with the potential to transform industries and solve some of the world's greatest problems," the report says. "Since industry conducts relatively little basic research today, the 'seed corn' produced at research universities is essential to U.S. industry and its ability to compete."
The report says that research universities play an important role in the creation and future success of spin-off companies, providing a nurturing environment and critical assistance to researcher-entrepreneurs aiming to bring research discoveries to the marketplace.
The UI assists researchers with bringing their ideas to the marketplace through a wide variety of program supports, including
More information about the UI's commercialization process may be found here (https://research.uiowa.edu/uirf/pages/inventors/commercialization-process.html), and information about space and other support for companies may be found here (http://enterprise.uiowa.edu/providing-space-support).
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