Indiana University is among five nominees for Tech Transfer Unit of the Year. Global University Venturing has nominated the IU Research and Technology Corp. It is one of three nominees in North America.
The IU tech transfer process centers on intellectual property developed by faculty and staff who use resources from the university. The process includes vetting the intellectual property and applying for protection. The IURTC managed the process till last year, then personnel were reorganized into the IU Innovation and Commercialization Office. ICO Executive Director Bill Brizzard says the recognition reaffirms the high standard of work at IU. "This nomination speaks to the superior quality of the inventions by IU faculty," he said. "The work conducted at IU by world-class individuals — inventors, managers and other ICO personnel — leads to exceptional technology transfer results for the university."
The ICO issued 57 patents in the 2016-2017 fiscal year, and $6.67 million in generated revenue from licensing and royalty revenue. That revenue is dispersed to researchers and laboratories based on the university’s intellectual property policy. Winners will be announced May 22 at the Global University Venturing: Fusion conference in London. For a complete list of nominees, click here.