Indiana University (IU) yesterday announced it is expanding and restructuring its research commercialisation resources.
Previously handled by Indiana University Research and Technology Corporation (IURTC), the tech transfer activities will be moved into the Office of the Vice-President for Research effective tomorrow.
The office’s responsibilities include the full-fledged efforts of a TTO, such as receiving and vetting invention disclosures, applying for intellectual property protection and licensing technologies.
The aim of the reorganisation is to bring the tech transfer staff closer to faculty and to better align the office’s responsibilities with the university’s wider mission. The move will also give the TTO access to more resources.
IURTC will also launch a new investment fund aimed at spinouts. The fund, and its size, are expected to be officially announced later this summer, but the university is reportedly targeting a close of more than $10m.
Technology commercialisation directors, managers and operations personnel who previously…
