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The Technology Marketing Site lists currently available technologies.
OTC has licensed technologies to Medtronic, 3M , Honeywell, Boston Scientific, Rolls Royce, Adobe, and many more established firms who have turned our research into a commercial product or service. Here is a link to our recent University Start-ups.
Every situation is different; however, our Licensing Process page provides an overview of the process.
OTC adheres to University and Federal policies, which are outlined on the University Licensing Policies page.
Licensing University technologies provide firms many unique benefits, as outlined on the Benefits of Working with OTC page.
UMN computer science professor John Riedl founded Net Perceptions, Inc. in 1996. Net Perceptions' personalization and precision-marketing software, a blend of technology and psychology, was adopted by Amazon.com and other Internet companies. "The University provided the foundation and the psychology that helped Steve Snyder, a co-founder and UMN graduate, recognize the importance of collaborative filtering as a technology, which led to the creation of Net Perceptions."
The startup went public in 1999 and achieved a stock price of nearly $60 per share before the collapse of the tech sector in 2001. The company's rise and ongoing business, however, have been a boon all along to the University, which licenses the technology to Net Perceptions for commercial use.
Story from the AUTM Better World Report http://www.betterworldproject.org/