on Wednesday, February 5, 2014
Patricia Hurn, Ph.D., vice chancellor for research and innovation at The University of Texas System, today introduced to the UT System Board of Regents Technology Transfer and Research Committee a proposed Innovation Framework for 2014 designed to strengthen and advance industry and commercialization paths for emerging research within UT System universities and academic health centers.
Currently, UT System’s research and commercialization engine drives $3.1 billion in total sponsored programs, including federal, state and private research grants and contracts. The System receives a U.S. patent every two days; signs a commercialization agreement every three days; and starts a new company every nine days.
The Innovation Framework will take technology commercialization to the next level and is under development by the UT System Office of Technology Commercialization in collaboration with the Office of Strategic Initiatives. It is packaged as four new initiatives with roots from UT System Chancellor Francisco Cigarroa’s A Framework for Advancing Excellence:
“To take our discovery enterprise to the next level of vibrancy, we really need a framework,” Hurn said. “It will improve all aspects of our processes here.”
A full proposal will be presented to the Board of Regents at a later date.