Why do academic technology transfer offices exist?
The technology transfer office is a resource to assist faculty with: • Disseminating technology through commercial mechanisms; • Enhancing research through interactions with the private sector; • Providing a broader understanding of the commercialization process; • Supporting laboratory activities through sponsored research or license income; and • Providing an outlet for entrepreneurial activities. Through these activities, the benefits of the University’s research are brought to the public; the institution’s reputation as a leading research and teaching university is enhanced; the recruitment and retention of world‐class faculty is aided; and University’s financial resources are enhanced. Additional tutorials and FAQs on intellectual property and the relationship between technology transfer and universities can be found at the Council on Governmental Relations (COGR) website and the Association of University Technology Managers (AUTM) website.
