Industrial Liaison Program helps to launch successful long-term technology collaboration.
Back in 2009, WiTricity Corporation was an MIT spinoff company with a novel wireless-charging technology and a need to find early commercial partners. At an Industrial Liaison Program (ILP) event at MIT, the startup’s dramatic desktop demonstration of wireless power caught the eye of Yoshi Iso, a technology scout for IHI Corp., a major international technology company.
The two companies began to talk, and IHI examined the WiTricity charging technology at its corporate research and development facilities in Tokyo. In 2012, IHI and WiTricity entered into a long-term collaboration and commercialization agreement.