Timothy Ovaert Named Winner of 1st Source Commercialization Award
University of Notre Dame professor of aerospace and mechanical engineering Timothy Ovaert has been named recipient of the second annual 1st Source Commercialization Award celebrating research that has made it to the marketplace. Ovaert was honored for his impact-reducing flooring system, SorbaSHOCK, that can be installed directly on a concrete subfloor to form a coherent underlayment system.
The award, established in 2010 with a $1 million gift from 1st Source Bank, is presented each year to faculty from Notre Dame or the Indiana University School of Medicine-South Bend who have successfully transitioned their technology from the lab to the marketplace.
In addition to the commercialization award, the 1st Source gift funds an annual lecture or symposium on technology commercialization, bringing to campus experienced entrepreneurs and investors, legal experts on company formation and other university technology transfer professionals.