ITTC Director named as leader influencing high-tech growth

Lawrence,KS (07-24-2000)

From Kansas City Star

The Kansas City Star, in its June 13, 2000, tabloid "Digital Prairie," focused on technology in the Kansas City area. The many stories in Section E reported on the impact of technology on the region's economy and the new businesses and products that have resulted from the surge in high-tech developments.

In his story "Kansas City area's Tech 50 lineup," reporter David Hayes singled out 50 outstanding leaders who are influencing this area's high-tech growth. ITTC is pleased that Victor Frost, our center's director, was listed among those 50 leaders.

We are also pleased that the Star recognized Rich Bendis, the director and CEO of the Kansas Technology Enterprise Corp.(KTEC). KTEC funding and Bendis' ongoing efforts to support Kansas' Centers of Excellence-which includes ITTC-have helped fuel ITTC's rapid growth and will play important roles in the center's future.

Name: Victor Frost

Company: KU Information and Telecommunication Technology Center

Title: Director

Age: 46

Location: Lawrence

On the Web:

Founded: 1996

Employees, revenues: 25 faculty members and 130 students. Receives $6.5 million a year for sponsored research.

Overview: One student might be in Greenland measuring the thickness of the ice sheet. Others may be back in Kansas, determining how well computers will work together in times of war. The ITTC, KU's second-largest research center, is a leader in high-speed telecommunications and a variety of other cutting-edge technologies. Frost currently is on a six-month sabbatical, working from Sprint in a long-term technology planning and innovation group.

Challenge: Competition for staff and students. U.S. corporations are so hungry for information technology workers, students who formerly went to graduate school are going straight to corporate jobs.

Opportunity: Developing new high-speed and wireless networks. Marketing its new technologies to existing or new companies.

Name: Rich Bendis

Company: Kansas Technology Enterprise Corp.

Title: President, CEO

Age: 53

Location: Topeka

On the Web:

Founded: 1987

Employees, revenues: 18 employees directly, approximately 300 at affiliates, subsidiaries and incubators. KTEC combines its $13.5 million budget with private and federal money to invest $50 million to $60 million a year.

Overview: Bendis used his venture capital background to help build KTEC into a statewide organization credited with building more than 11,000 jobs and 245 new technology companies in Kansas with almost $1 billion in total revenue. The organization and its affiliated incubators are working with 55 emerging companies.

Challenge: Building up university research centers. Retraining skilled workers in new-economy jobs. Increasing early-stage, pre-seed money for start-ups. Keeping successful companies in the state.

Opportunity: Moving Kansas toward a more technology-based economy will create jobs and new companies.

For more information, contact ITTC.

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Partner with ITTC

The Information and Telecommunication Technology Center at the University of Kansas has developed several assistance policies that enhance interactions between the Center and local, Kansas, or national companies. 

ITTC assistance includes initial free consulting (normally one to five hours). If additional support is needed, ITTC will offer one of the following approaches: 

Sponsored Research Agreement

Individuals and organizations can enter into agreements with KUCR/ITTC and provide funds for sponsored research to be performed at ITTC with the assistance of faculty, staff and students.

Licensing and Royalty/Equity Agreement

An ITTC goal is the development of investment-grade technologies for transfer to, and marketing by, local, Kansas, and national businesses. To enhance this process, the Center has developed flexible policies that allow for licensing, royalty, and equity arrangements to meet both the needs of ITTC and the company.

Commercialization Development

Companies with a technology need that can be satisfied with ITTC's resources can look to us for assistance. We can develop a relationship with interested partners that will provide for the development of a technology suited for commercialization.

ITTC Resource Access

ITTC resources, including computers and software systems, may be made available to Kansas companies in accordance with the Center's mission and applicable Regents and University policies.

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