10 June 2007
Javelin led partnership wins $25,000 in seed funding.
11/06/07 08:00
The Javelin Group, along with partners, the
Infotonics Technology Center, the Medingen Group, and
Cornell's Quality Milk Production Services, has been
awarded a $25,000 seed grant to conduct due diligence
around a new Infotonics-developed technology with
applications for the dairy industry. The technology,
developed by Infotonics visiting scientist Mike
Potter, if successful will allow for real-time
detection of various organisms affecting the quality
of milk, possible food-borne pathogens, and shelf
life. Javelin will develop a business case for the
technology in this market, and anticipates creating a
new company and licensing the technology from
Infotonics. Cornell is identifying high priority
organisms to the dairy industry and The Medingen
Group will be conducting an independent review of the
proposed technology solution.
"This is a perfect example of how collaboration can work in research and development," said Javelin President David Gottfried. "This diverse team brings to the table all the pieces we need to determine if this technology and business opportunity are worth pursuing, or if we should focus on other endeavors," added Gottfried. The funding was made available through the New Knowledge Fusion Project - a collaborative effort linking the Cornell Food & Agriculture Tech Park in Geneva, NY with Infotonics and funded through the National Science Foundation.
"I happened to be working on another project that had wide-ranging dairy applications when Mike made me aware of the technology he had recently sent on to be patented for Infotonics. We realized it was exactly what we were looking for to address similar dairy needs and thought the Fusion project could help us determine if it was really worth pursuing." The project should last about 6 months.
"This is a perfect example of how collaboration can work in research and development," said Javelin President David Gottfried. "This diverse team brings to the table all the pieces we need to determine if this technology and business opportunity are worth pursuing, or if we should focus on other endeavors," added Gottfried. The funding was made available through the New Knowledge Fusion Project - a collaborative effort linking the Cornell Food & Agriculture Tech Park in Geneva, NY with Infotonics and funded through the National Science Foundation.
"I happened to be working on another project that had wide-ranging dairy applications when Mike made me aware of the technology he had recently sent on to be patented for Infotonics. We realized it was exactly what we were looking for to address similar dairy needs and thought the Fusion project could help us determine if it was really worth pursuing." The project should last about 6 months.