The Office for Technology Commercialization (OTC) takes the ideas and technology that stem from University of Minnesota research, prepares this intellectual property for the market, and in some cases spins it out into new businesses.
The Venture Center works with entrepreneurs, researchers, and investors to create and increase the number of startups based on University of Minnesota research.
The initiative to start a new company based on intellectual property created at the U of M comes from the following sources:
All intellectual property disclosed by University researchers to OTC undergoes an assessment to determine the technology’s commercial potential and develop an appropriate commercial strategy. As a part of this commercialization process, OTC evaluates whether the technology is best commercialized via a license to an existing company, or through the creation of a new startup company.
University researchers who have a desire to initiate are encouraged to follow the steps outlined in the researcher entrepreneur startup process. The Venture Center is available to assist in an evaluation of the proposed commercialization path.
External Entrepreneurs and Investors
When entrepreneurs and investors seek to create a new company based on a license to University research, they can consult the steps outlined in the external entrepreneur startup process.
Some additional resources that are helpful in the startup process include:
Startup Application and Feasibility Study
Conflict of Interest: SBIR/STTRs