Office of Technology Commercialization

The Office of Technology Commercialization (OTC) occasionally has the opportunity to acquire equity in companies on behalf of the University as consideration for a license agreement. Inclusion of equity in such agreements may be in the best interest of technology transfer. Young companies often do not have the requisite cash reserves to compete with an established company for rights to University technology.

Where possible, the University should enable inventions and discoveries resulting from its research to reach the public in a manner that will maximize their impact on society and, at the same time, provide adequate recognition and reward to inventors. This policy has been established to ensure that those inventions and discoveries in which the University has an interest will be utilized in a manner consistent with the public good through patent protection or other mechanisms as appropriate.