Innovative Research Financing for the 21st Century: A Case Narrative in How Technology Transfer and Entrepreneurship Supported the Development of a Prototype Cognitive Prosthetic
Robert L. Williamson
Affiliation: University of Memphis, 3641 Central Ave, Memphis, TN 38111, USA.
Keywords: Cognitive prosthetics, education, entrepreneurship, financing, technology, tech transfer.
Recent decreases in available grant funding have caused scientists to reduce the amount of basic investigative
research they can conduct [1, 2]. With less overall funds available, researchers must find more effective and efficient ways
in which to fund their scientific pursuits. The current article provides a case study narrative of one educational
researcher’s journey to fund the development and study of an innovative cognitive prosthetic without obtaining traditional
up-front grant type funding. The narrative outlines how university resources and market-based financing facilitated
through university offices of technology transfer were used to quickly develop a prototype technology when traditional
resources were not available. The current article is intended as a case study and is not intended to be representative of, or
generalizable to any greater research literatures. This case remains significantly relevant however, in that such ‘out of the
box’ research development efforts may become a necessity as traditional research funding becomes less available.
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