FAYETTEVILLE, Ark.--(BUSINESS WIRE)--Virtual Incubation Company has been awarded a $100,000 contract to assist NASA in evaluating commercial opportunities for promising, cutting-edge medical technologies. NASA’s Human Research Program develops a significant amount of technology each year that advances the frontiers of medical science and can offer tremendous benefit to society. Virtual Incubation Company (VIC) will use its expertise in technology venture development to assist NASA in identifying technologies from this program that have the strongest commercial potential. VIC will conduct thorough market and competitive intelligence analyses and develop commercialization strategies.
VIC is a technology venture development firm located in the Arkansas Research and Technology Park in Fayetteville, AR. VIC brings together the essential elements needed to establish new technology ventures and maximize the opportunity for product development and commercialization success. VIC has a history of building successful companies by developing early-stage technologies, typically licensed from universities and federal laboratories, into market-focused products. The company has a team of 17 business development professionals and provides complete management teams to its portfolio companies during their early stages of growth.
Kimberley Fuller, VIC’s Director of Market Research and Business Development, will oversee the project. Ms. Fuller has over 20 years of experience in conducting both quantitative and qualitative market research, completing in-depth competitive landscape analyses, identifying high-value market niches for new products, and developing actionable commercialization strategies. Ms. Fuller’s industry expertise spans biotechnology, medical devices, pharmaceuticals, and financial services. “We are very excited about this opportunity to work with some of the nation’s best scientists and engineers. I believe we can bring significant value in helping NASA find avenues for commercializing its technologies,” said Ms. Fuller. Virtual Incubation Company currently has 13 portfolio companies in various-stages of development. These companies range from new companies seeking their first funding to companies with established product lines and growing revenues.
For more information about Virtual Incubation Company, please visit http://www.virtual-incubation.com
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