The Indiana University Research and Technology Corp. has received a major honor. Global University Venturing, which tracks university startups and funds created to invest in them, has named the IURTC the Tech Transfer Unit of the Year.
Global University Venturing, which is headquartered in the United Kingdom, cited the IURTC’s record of starting and growing successful businesses, the creation of the IU Philanthropic Venture Fund in February and its collaboration with the IU Office of the Vice President for Research as reasons for receiving the award.
"The IURTC has really become more outward-facing, strategic, and capable of interacting with our partners in novel and innovative ways due to the reorganization," said Bill Stephan, IU vice president for engagement and chairman of the board of the IURTC. "Coupled with the new capital provided by the IU Philanthropic Venture Fund, we’ve been able to enhance our entrepreneurship activities among faculty, staff and students and accelerate the commercialization of IU discoveries."
The IURTC worked with the Office of the Vice President for Research to reorganize its technology transfer activities to the IU Innovation and Commercialization Office, which was established in July 2017. The IU Philanthropic Venture Fund, an evergreen fund that provides early-stage capital for IU startups, was established after the reorganization was complete.
IURTC Chief Executive Officer Tony Armstrong and Managing Director and Fund Manager Teri Willey appeared on Inside INdiana Business with Gerry Dick in March to talk about the IU Philanthropic Venture Fund. You can view that interview by clicking the link below: