OTCV’s (formerly CVIP) mission is to commercialize the Universitys research results for the benefit of both the University and society. The office also supports the economic development initiatives of the University through company formation and job creation, and thereby helps maintain the Commonwealths position as a leading developer of cutting-edge technologies.
OTCV evaluates new University technologies, seeks and manages patents and other protections, identifies potential licensing partners, and negotiates licensing agreements. The office also invests in our technology through our proof of concept fund and supports startups through our programs of education, mentoring and investment. The revenues generated from technology commercialization are used for the continued financial support of faculty research activities.
Related UMass Policies
The UMass Board of Trustees has approved several Policies that address commercializing intellectual properties and distribution of income from any result; faculty consulting and outside activities; and conflicts of interest relating to intellectual property. These can be found at: http://www.massachusetts.edu/policy/academic.html