The School of Engineering and Applied Science is receiving cash gifts plus equity from two startup companies that develop technology based on research by faculty at the school. WaveConnex and Easel Biotechnologies are each giving Engineering $51,000 and 2.5 percent company equity share. Both startups received development support from the engineering school's Institute of Technology Advancement (ITA), which was established two years ago to accelerate commercial applications of faculty research.
WaveConnex, incorporated in 2009, specializes in technology for contactless electronic connections, based on research by Wintek Professor of Electrical Engineering M.C. Frank Chang. Easel Biotechnologoies develops biofuels from recycled carbon dioxide, based on the research of James Liao, Chancellor’s Professor in Chemical and Biomolecular Engineering.
Shown from left: Les Lackman, acting director of ITA; UCLA Engineering Dean Vijay K. Dhir; WaveConnex CEO Ira Deyhimy; and UCLA Electrical Engineering Professor M.C. Frank Chang.