If you ask small business owners, most would agree that starting and running a business can be difficult. Now, imagine starting a business based on something that has never before been done. The challenges of constructing marketing and sales strategies, securing start-up capital and recruiting qualified employees are compounded exponentially when trying to launch a new product or service.
Oklahoma researchers are facing these challenges as they embark on complex endeavors such as finding cures for dreaded diseases, identifying new sources of energy and designing, developing and manufacturing new technologies. It can be a complex path from invention to marketplace.
Fortunately, the Oklahoma Center for the Advancement of Science and Technology and its strategic partners, the Oklahoma Manufacturing Alliance (OMA) and i2E, are in place to help businesses and individuals navigate that path.
Whether a business is in the early stage of developing an idea and working with OCAST, in the production stage and working with OMA or in the commercialization stage and working with i2E, this unique partnership – with complementary missions – works in concert to support start-up and existing businesses that ultimately create jobs, increase per capita income and grow the state’s economy.
OCAST works with entrepreneurs, researchers and companies that are early in the process by helping them fund research to prove their ideas, linking them to larger funding sources and introducing them to other researchers and resources to strengthen their ideas. In our 26-year history, we have funded more than 2,450 research projects and provided support to hundreds of Oklahoma-based companies. The investment we make in those businesses yields a high return to the state – from increasing tax revenue to improving the quality of life of people around the world.
OCAST and its strategic partners OMA and i2E have received national acclaim for innovation programs and services that have strengthened and diversified Oklahoma’s economy and positioned our state for future growth opportunities.