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Event Detail Information

ITI Entrepreneurial Forum: Sanjay Patel: "Commercializing Technology Research for Fun and Profit"

Speaker Sanjay Patel, CEO, Nuvixa
Date Nov 29, 2012
Time 12:00 pm  
Location 301 Coordinated Science Laboratory
Event type Seminar
Views 23728
Originating Calendar Information Trust Institute

ITI's monthly "Entrepreneurial Forum" features guest speakers focusing on technology transfer, commercialization, and new venture startup and development.

 

ABSTRACT:

Personify is a company founded in 2009 by five people from the Electrical and Computer Engineering Department at the University of Illinois at Urbana-Champaign.  The genesis of the company was a research project involving advanced imaging technology, high-performance algorithms, and GPU computing. Now, four years after our founding, Personify has starting selling product to the enterprise and is on the brink of introducing this technology to the consumer. Commercializing technology research is a tricky business involving managing risks along multiple dimensions, including technology, market, and financing. This is my second significant startup that has attempted to commercialize University research (the first being Ageia), and during this talk I plan to share stories from the field that might help you navigate the pitfalls in your startup.

Pizza will be served.

BIO:

Sanjay J. Patel is a Professor of Electrical and Computer Engineering and Sony Faculty Scholar at the University of Illinois at Urbana-Champaign. His interests include computer architecture, computational imaging, technology commercialization, and entrepreneurship. He is currently on leave from the University, serving as CEO and President of Personify (formerly known as Nuvixa), a company that is revolutionizing the way people communicate with video. He has the distinction of having been published and quoted in places that range from numerous IEEE and ACM journals and conference proceedings to TechCrunch, VentureBeat, the Huffington Post, and the New York Times.