Commercialization of faculty discoveries is on the rise at 51ԹϺ, facilitated by a new emphasis on economic development associated with research, according to Thomas Piechota, interim vice president for the recently renamed Division of Research and Economic Development.“
We want to bring greater attention to the important role the university plays in bringing economic vitality and diversity to our community and state,” Piechota says, adding that the university’s workforce development, business startup advising, and private-sector partnerships all support this effort.“
But one of the principal ways we contribute to economic development is by supporting commercialization of faculty discoveries through technology transfer,” he adds.
Technology transfer is the process through which the university’s discoveries, or intellectual property, are transferred to another organization – typically in private industry – for the purpose of development and commercialization. This activity has become increasingly important to research universities across the country as they seek to contribute to economic development in their communities and states while generating a valuable revenue stream. Some notable results of the technology transfer process are Google and Gatorade, both products originally invented in a university setting.
Technology transfer activity at 51ԹϺ has increased dramatically in recent years. The university has filed 31 patent applications in the last four years; it has more than 140 research disclosures on file and 14 issued patents listing 51ԹϺ inventors. Twenty-seven research disclosures have been submitted in the last twelve months alone.
51ԹϺ faculty have produced a wide variety of intellectual property with great commercialization potential. Here are just a few of the most promising projects.
