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A University of Colorado Asst. Professor is transitioning his GoJett Supersonic UAV project into a business.

From University of Colorado News:

"The UAV is intended to shape the next generation of flight experimentation… Its thrust capacity makes the aircraft capable of reaching Mach 1.4, which is slightly faster than the speed of sound. Starkey says that regardless of the speed reached by the UAV, the aircraft will break the world record for speed in its weight class.

Its compact airframe is about 5 feet wide and 6 feet long. The aircraft costs between $50,000 and $100,000 -- a relatively small price tag in a field that can advance only through testing, which sometimes means equipment loss.

Starkey’s technology -- three years in the making at CU-Boulder -- is transitioning into a business venture through his weeks-old Starkey Aerospace Corp., called Starcor for short. The company was incubated by eSpace, which is a CU-affiliated nonprofit organization that supports entrepreneurial space companies. Starkey’s UAV already has garnered interest from the U.S. Army, Navy, Defense Advanced Research Projects Agency and NASA. The acclaimed Aviation Week publication also has highlighted Starkey’s UAV.

Starkey says technology transfer is important because it parlays university research into real-life applications that advance societies and contribute to local and global economies."