Vanderbilt University announced today its Center for Technology Transfer and Commercialization signed a record 101 licensing agreements with industry partners in fiscal year 2013-14.
Many of the transactions were in medical diagnostics, health care information technology, pharmaceutics, oncology and biotechnology.
“In my nearly 20-year history in academic technology commercialization, I have not worked anywhere where we even came close to this level of deal flow,” Alan Bentley (pictured), assistant vice chancellor of technology transfer and intellectual property protection in the CTTC, said in a release.
Six start-up companies based on Vanderbilt inventions were launched in FY 2014.
Read more here.
Jumpstart Foundry announced today a new collaboration with Vanderbilt's Center for Technology Transfer and Commercialization to boost Vanderbilt-based proposals into the Foundry's annual business accelerator.
Through the partnership, Jumpstart and CTTC will identify and evaluate select proposals from Vanderbilt faculty, staff and students, and CTTC will nominate select proposals for placement in Jumpstart's top 30 applicant pool. The accelerator will then rank the Vanderbilt group, and approximately the top dozen teams will be given an offer to participate in the business incubation program.
"This new engagement represents a dynamic extension of our growing relationship with Jumpstart Foundry that promises to create new and valuable opportunities for entrepreneurial-minded members of the Vanderbilt community," Alan Bentley, Vanderbilt's assistant vice chancellor of technology transfer and intellectual property protection, said in a release.
Vic Gatto, CEO of Jumpstart, said the accelerator is impressed with the potential at Vanderbilt. Last year the company selected Vanderbilt-based startup InvisionHeart, which was recently selected to pitch at Google Demo Day.
"The combination of Vanderbilt intellectual property and human talent with the Jumpstart Foundry curriculum and mentor network will create successful startups driving disrupting large industries and improving people's lives," Gatto said.
The value of technology transfers at Vanderbilt University rose to more than $24 million in the year ended June 30. That was more than four times the amount generated three years earlier. Among the highlights of the past year for Assistant Vice Chancellor Alan Bentley and his team were deals with Bristol-Myers Squibb, AstraZeneca and Parker-Hannifin.
Bentley pointed to two key metrics — the number of invention disclosures and licenses executed — to illustrate CTTC’s growth. The center executed 82 licensing transactions last year, a 60 percent increase compared to the average for the previous three years.
Venture Nashville reported this week that Vanderbilt University has named Cleveland Clinic Innovations' Alan Bentley to the new position of assistant vice chancellor in its technology transfer and enterprise development program. Read the report at this link.
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