San Diego, CA, December 06, 2009 --(PR.com
)-- Symmetry Advisors announced today that Calit2, the California Institute for Telecommunications and Information Technology, has been awarded translational grant funding from a global telecommunications company, for the development of advanced digital audio technologies.
Symmetry originated and developed this opportunity under a Capability Based Innovation initiative.
"Capability Based Innovation is a variant of demand-pull strategy, developed by Symmetry Advisors to identify emerging market opportunities for leading innovators," said Riccardo Cannaviello, founder of Symmetry Advisors. "In 2008, our firm took a decisive step to develop a creative alternative to the conventional, technology-push approach to commercialization. A year later, our success in originating and developing this opportunity validates our position that Capability Based Innovation delivers clearly superior results."
"Symmetry Advisors has put us together with a major industry partner whose R&D needs perfectly match our strengths. The result is an exciting collaboration with a prestige partner with global reach," said Peter Otto, Head of Research & Development in the Sonic Arts program at UCSD's CalIT2.
About Symmetry Advisors:
Symmetry Advisors specializes in creative deal origination and deal development for the innovation economy. The firm works with corporate, institutional, academic, and entrepreneurial clients, all world-class contenders in their respective fields. Symmetry is active in three areas:
- Technology Commercialization. Short- to medium-term engagements, to commercialize innovations created by leading scientists and engineers, in the Life Sciences and Information Technology sectors.
- Advisory services, at the nexus of strategy and finance. Medium to long-term development of transformational initiatives, for larger clients facing challenges at strategic inflection points, often leading to restructurings or to important strategic and financial transactions beyond the clients' traditional comfort zones.
- Merchant Banking for proprietary ventures. Long-term, high-risk development projects, undertaken at the point of inception with talented, creative inventors and entrepreneurs.
The California Institute for Telecommunications and Information Technology (Calit2) is an academic research institution jointly run by the University of California, San Diego (UCSD) and the University of California, Irvine (UCI).
Calit2 conducts multi-disciplinary research on the future of telecommunications and information. Calit2 is one of four institutes launched in December 2000 through the California Institutes for Science and Innovation initiative, to invent the collaborative research environment for the digital future.
More specifically, the institute:
- Creates research teams consisting of members from multiple academic departments often across multiple campuses. These teams integrate individuals’ deep expertise across a broad range of disciplines to enable more comprehensive studies beyond those led by single principal investigators.
- Extends involvement beyond faculty to students, industry, government, and community partners.
- Enables prototyping in Calit2 “living laboratories of the future.” These labs make it possible to push projects one step beyond academic theory and peer-reviewed publishing to building and testing integrated systems under real world conditions.
- Provides technical professionals as the bridge between academia and industry to support activity in the living labs.