Lori Garver, NASA Deputy Administrator, and Colorado Governor Bill Ritter Jr., participated in a Space Act Agreement signing ceremony at the Colorado State Capitol Building in Denver to promote Colorado Association for Manufacturing and Technology's (CAMT) Acceleration Program and Regional Innovation Cluster for Aerospace and Clean Energy.
The Technology Acceleration Program and Regional Innovation Cluster for Aerospace and Clean Energy is a manufacturing park focused on rapid new product development. Production will be developed to assist growing Colorado businesses.
The NASA-CAMT partnership will allow small and mid-sized business to have direct access to a NASA "innovation ambassador," an agency expert who can identify NASA and partner technologies that can be commercialized. The ambassador will conduct forums to develop partnerships among NASA and Colorado businesses in order to identify businesses that can benefit from NASA's technical assistance.
As is the case for efforts to become competitive, innovation is necessary to expand the US economy and ensure competitiveness in a global economy.
The Technology Acceleration Program will allow companies to work with NASA and expedite product development from an average of five years to as little as 18 months. This will help new products get market access more quickly and new high tech jobs will be created.
Through the agreement, NASA joins the state of Colorado, the U.S. Department of Energy's National Renewable Energy Laboratory and CAMT in a pathfinder collaboration to promote innovation and global competitiveness in the new energy economy.
CAMT is a statewide manufacturing assistance center dedicated to increasing the competitiveness of Colorado manufacturers. The association is the state affiliate of the national Manufacturing Extension Partnership, a program of the U.S. Department of Commerce.