NASA is relying on the innovations of others, as the space agency is launching a program which will allow entrepreneurs to utilize its patented technologies without having to make an initial payment.

By doing this, NASA is hoping that others will be able to use their technologies to make their own scientific breakthroughs.

The program is being called Startup NASA.

The space agency said in a press release, “The Startup NASA initiative addresses two common problems startups face: raising capital and securing intellectual property rights.”

The new program has the goal of encouraging business growth and advancing technological innovation in America.

Only companies in the United States are expected to be allowed to participate in the program, but this has not yet been confirmed.

The program is a part of NASA’s Technology Transfer Program. By participating in the program, startup companies will be allowed to make use of more than 1,200 technologies that have been patented by NASA.

The space agency has 15 different categories of patents. Some of these categories include aeronautics, electronics, IT and software, materials and coating, power generation, storage and robotics.

NASA’s chief technologist David Miller says, “The Startup NASA initiative leverages the results of our cutting-edge research and development so entrepreneurs can take that research, and some risks, to create new products and new services.”

In exchange for participating in the program, companies will be required to pay NASA a royalty of 4.2% of total net sales that are related to their usage of technologies that are patented by NASA starting three years after the company enters into the program.

NASA is clearly trying to lessen its burden to develop innovative new technologies, as the agency is expecting that fresh minds will be able to do the work for them. That being said, it’s a good concept because it will help small companies get started, and it will allow for more technological innovation to take place in the United States.

Sign Up for Our Newsletters

Get notified of the best deals on our WordPress themes.

You May Also Like

Top Colleges Now Luring Promising Video Game Players With Lucrative Scholarships

Bucking the notion that video games use up time that would better…

White-Collared Thieves In NY Are Stealing From The Poor To Give To The Rich

In New York City, white-collar criminals are fooling people into giving up…

Ten Off The Radar Places You Need To Visit This Summer

Summer’s here and that means its travel season! To help you make…

EFF Demanding Free Speech Be Upheld In Posting 3D Files Online

In a recent court argument, the Electronic Frontier Foundation (EFF) said that…