The Patent Foundation thus serves to

Posted by in University of Virginia on Feb 24th, 2009 | 0 comments
The Patent Foundation thus serves to

Obviously, the more licenses we complete, the more revenue we generate for the inventors, UVA and the Patent Foundation. Of the inventions licensed to industry, nearly half are licensed to UVAaffiliated startup companies.

Check back soon for our new site, which will go live this winter. The University of Virginia Patent Foundation is notforprofit corporation that evaluates intellectual property generated in the course of research at UVA, seeks to protect those inventions that show commercial potential and licenses those rights to industry.

The Patent Foundation thus serves to promote the entry of UVA technologies into the commercial marketplace, an endeavor that is designed to generate royalty income used to fund additional research at UVA.

Supporting the creation of local startup companies and giving them licensing preference is key component of the Patent Foundations faculty service mission and has the important benefit of completing many deals is perhaps to the public, since doing so maximizes the number of UVA technologies that reach the marketplace as new products and services. Of the inventions licensed to industry, nearly half are licensed to UVAaffiliated startup companies. Check back soon for our new site, which will go live this winter.

StartUp Success StoriesCommitted To ExcellencePatent Foundation ranks 17 in the nation according to the Milken Institute Patent Foundation has 6th best invention disclosure rate in the nation, per 100 million in Sponsored Research ExpendituresFocus on Faculty Service UVAPF NewsChecking the Effectiveness of Vasectomies VIDEO CLIPInventors Receive FDA Orphan Drug Approval for Pancreatic Cancer TreatmentRevolutionizing Access to the Human HeartEnhancing Biomedical Imaging Through Sustainable DesignSignaling the Decline of AlcoholismBridging the Gap to Alternative FuelsChanging the Lives of Thousands of Burn VictimsPatents Pay RADIO CLIPU. Va.

Of the inventions licensed to industry, nearly half are licensed to UVAaffiliated startup companies. The Patent Foundation thus serves to promote the entry of UVA technologies into the commercial marketplace, an endeavor that is designed to generate royalty income used to fund additional research at UVA. The Patent Foundation reviews and evaluates approximately inventions per year, and typically third of those are successfully licensed to commercial partners for further development and commercial use. We hope that such efforts will lead to the creation of broad technology economy in the Charlottesville region and will contribute to the success of the UVA research parks.

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