The University of Texas at Dallas has reinvented how it commercializes its intellectual property with the creation of the Office of Technology Commercialization (OTC) that assists UTD researchers with commerical assessment of new inventions and technology commercialization with a strong focus on the creation of new companies in collaboration with the Institute for Innovation and Entrepreneurship
The OTC has seven main functions:
- Educating, advising and assisting inventors;
- Evaluating the commercial potential of UT Dallas inventions;
- Protecting intellectual property;.
- Collaborating with regional universities to commercialize jointly developed technologies;
- Facilitating the creation of spin-out companies;
- Assisting in the licensing of commercially viable technologies; and
- Communicating commercialization opportunities to investors and industry.
The goals of the OTC are:
- Providing more resources for UT Dallas researchers to facilitate the commercialization process;
- Pushing as many technologies as possible into the marketplace to increase the probability of commercial success;
- Engaging more researchers in the process of commercializing UT Dallas inventions; and
- Creating an entrepreneurial culture on campus with the support of business-experienced administrators and faculty-inventors, and with the advice and guidance of University supporters from industry and the venture capital community.
Updated: May 21, 2008
