Sensing technologies used in manufacturing, medical diagnostics, and chemical detection for security and environment hold potential for new applications with accompanying creation of new jobs.
Washington, DC / Bellingham, WA (PRWEB) April 23, 2012
Case studies from photonics innovators who have made it through the R&D “valley of death” to bring new sensing products to market highlighted a briefing presented last week by SPIE, the international society for optics and photonics, in conjunction with the House Research & Development Caucus.
Opened by Reps. Rush Holt (D-New Jersey) and Judy Biggert (R-Illinois), the caucus heard presentations on 17 April from:
- William Yang, President and CEO of BaySpec Inc., on “Optical sensing: from optical tricorder to new American jobs”
- Timothy Day, Chairman and CEO of Daylight Solutions, on “Transitioning technology from the lab to commercial markets”
- Alan Kersey, Vice President Strategy, Mergers & Acquisitions, of CiDRA, on “Enabling innovation in sensor technology: a company case study.” Kersey’s talk described the model CiDRA uses to effectively take early stage R&D into end-user applications ― typically in high-value industrial sensing for natural resources processing.
Sensing technologies, used in advanced manufacturing, medical diagnostics, and chemical detection for security and environment, hold potential for new applications with accompanying creation of new jobs.
According to the Kauffman Index, the rate of business creation declined 5.9% in 2011. The briefing addressed issues such as barriers entrepreneurs see to innovation and U.S. competitiveness, how decisions are made about where to locate manufacturing, and why some companies are able to commercialize technology when others fail ― victims in what is known as the entrepreneurial “valley of death.”
"Today's speakers exemplified the entrepreneurial spirit that permeates the rapidly growing field of optical sensing and monitoring,” said panel moderator Robert Lieberman, President of Intelligent Optical Systems. “From medicine to defense, and from the sea floor to outer space, photonic devices are providing the images and information that enable computers and people to better understand our world. The rapid progress in this field is resulting in a profusion of new technologies, and new jobs."
About SPIE: SPIE is the international society for optics and photonics, a not-for-profit organization founded in 1955 to advance light-based technologies. The Society serves nearly 225,000 constituents from approximately 150 countries, offering conferences, continuing education, books, journals, and a digital library in support of interdisciplinary information exchange, professional growth, and patent precedent. SPIE provided over $2.5 million in support of education and outreach programs in 2011.