Government and University TechTransfer

"Innovation is the only way to build a strong economic future, and U.Va.’s innovation programs are setting a national example through their return on investment for all partners."

The Office for Technology Commercialization will guide faculty in the formation of the company. Faculty members will hold a majority interest, and the university will hold a significant equity position. In the early stages, the held equity will have no financial value.

It’s easy to keep with the script, stick with the stock characters and plots, rather than trying to put together a unique story.

Tech Launch, which began in November, will promote all types of concepts, such as science and research, in addition to inventions from students within the entrepreneurship program and patents already in the process.

Many outstanding companies have gotten formed by licensing university technologies

An experiment shows that, given the same invention, tech transfer officers are less likely to spin off a company if the idea comes from a woman

"ACT will cut red tape for businesses and start-ups interested in working with our nation’s crown jewels of innovation, the national labs, and strengthen new domestic industries by helping bring innovative, job-creating technologies to the market faster." DOE Deputy Secretary Poneman

Most industry scientists keep tabs on innovative university research by reading scholarly articles, informally interacting with their university-based colleagues and if that goes well, by eventually funding on-campus research.

The plan is for Tech Launch Arizona to bring together the academic and private sectors to enhance economic development in the region.

The multi-phase research program will focus on validation and commercial scaling of the company’s technology in the production of algae-based fuels by utilizing the state-of-the-art equipment, capabilities, scientists and engineers of the INL.