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About the Center for Technology Transfer and Commercialization
To provide professional commercialization services to the Vanderbilt community, thus optimizing the flow of innovation to the marketplace and generating revenue that supports future research activities, while having a positive impact on society.
We accomplish this by serving as an efficient and effective conduit for the transfer of promising intellectual property to industry; contributing to regional economic development by licensing locally and supporting new venture creation; and encouraging greater collaboration between academia and industry.
Why Does Vanderbilt License Intellectual Property?
Intellectual property (IP) refers to creations of the mind: inventions, literary and artistic works, symbols, names, images, and designs used in commerce. IPs with high potential impact and/or income are most likely to be successfully transferred to the marketplace via our commercialization process. By commercializing Vanderbilt's IP, we:
- Impact Society: research leads to cures for human ailments
- Impact Vanderbilt: faculty, staff, students and the university are recognized and rewarded for their innovative work
- Impact the Local Community: commercializing inventions spurs economic growth
- Induce Collaborations with Industry: companies look to Vanderbilt for industry leading research
- Generate Income: various agreements lead to financial benefits for the university’s inventors, departments, schools and other operational units