Today marks the official roll-out of an exciting new initiative for the University of Virginia: “U.Va. Innovation” is building on many of the University’s leading innovation programs to bring University researchers and partners enhanced services and support in the areas of strategic partnerships, entrepreneurial networks, start-ups and technology commercialization.
“Innovation is not a ‘one-size-fits-all’ business, so it was important for U.Va. to broaden its view of the innovation landscape and the roles our faculty, staff and students play in bringing about new knowledge and discoveries,” said W. Mark Crowell, executive director of U.Va. Innovation and associate vice president for research.
“The new model for U.Va. Innovation accelerates successful technology commercialization, giving us the freedom to support projects that may not follow traditional paths and the flexibility to conduct successful partnerships with leading industry and other organizations.”
As part of this new model, the U.Va. Patent Foundation will begin operating as the U.Va. Licensing & Ventures Group. The University has also introduced a new revenue distribution formula (opens Word document), which now features a flat return for U.Va. inventors and for the first time includes distributions to inventors’ departments.
Today also marks the official launch of this blog! We invite you to follow the latest in U.Va. Innovation news here, and while you’re at it, join the U.Va. Innovation networks on Facebook, LinkedIn and on Twitter @UVAInnovation.
Read the full story on U.Va. Today.