Technology Applications International Corp. (NUUU) is a Grea Technology Applications International Corp. (NUUU) is a Great Example of a Successful Technological Spinoff
It can be argued that the single biggest question associated with social development is what role government should and should not play. The underpinning justification for modern government is that there are some needs that are shared, needs that cannot be adequately addressed by the commercial motivations of private industry alone, such as national defense, social infrastructure, and basic state or local services like police and fire protection. Few disagree that government has a vital role in these most basic social responsibilities. Beyond that, however, the debate about government involvement is extensive, complex, and seemingly eternal. But government has shown itself to be remarkably productive and beneficial in another lesser known role: driving the development of foundational technologies.
Although technological development is something we’ve come to associate with private commercial interests, history has shown that there are often foundational technologies that are simply too risky or expensive to get the necessary early private support. But government programs have been shown to be surprisingly effective in laying technological foundations that can then be successfully spun off to private industry. The classic example is America’s space program, a huge mission that was undertaken largely for national strategic purposes, but which ended up driving the development and ultimate spin-off of basic technologies that have since grown to become a critical part of modern life, including developments in electronics, materials, software, and even food. Today NASA continues to sponsor research in a variety of areas, uncovering unique technologies which can then be tweaked and monetized by even small private companies in unexpected ways.
A recent example is Rejuvel Int’l, Inc., a wholly owned subsidiary of Florida-based Technology Applications International. Rejuvel is focused on producing, distributing, and selling advanced skincare products. The company developed its skincare line of products by using a NASA developed bioreactor to grow and expand 3D fibroblast cells. The technology is used to trigger the multiplication of human fibroblast skin cells that rebuild skin. The result is a most un-spacelike product: an anti-aging facial cream that the company believes is revolutionary. It’s something that the company could never have begun to develop on their own without the NASA bioreactor, and it’s also a product you would never normally associate with NASA. In the meantime, Rejuvel has been awarded a “seal of approval” from the Space Certification program, setting a new standard for innovation in an industry projected to reach $114 billion in sales by 2015.
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