Question

Office of Technology Transfer – University of Michigan

How does this university transfer research technology to the commercial markets?

Is it successful?

What are some examples of success?

Write a report on your findings

Answer 1

University of Michigan enhance research discoveries to encourage licensing and broad deployment with existing businesses and newly-formed U-M start-ups. Yes its succesful among many universities

The Tech Transfer Venture Center has developed tools  

1.Comparative Strength Report (CSR):It is created to quickly assess and model the venture potential.

2.Venture Potential :It represent size of market ,potential market share within that market,duration that a market advantage can be sustained.Performance check on size of bubble.

3.Time to License :It is the assessment of the approximate time that a startup project will require to have the qualities necessary to qualify for a university license

4.Hotlist :It is maintained by the Venture Center of all the startup projects under development process

5.Sector Report :It provides summary of several investment opportunities in a sector, showing them relative to their venture potential, time-to-license and venture readiness

6.Venture Relationships:They proven process of building value in emerging ventures and the quality of their partnerships.

Success due to:

Focusing their research strengths to address major issues facing mankind and the nation also continuing to incentivize and make it easier to move their best ideas rapidly into commercially available applications

Expanding outreach to our industry and community partners through such initiatives as the newly launched Business Engagement Center.

Always Engaged in Economic Development.some success stories like:

A $3 million gift from Toyota Motor Corporation endows the first named professorship in artificial intelligence at the University of Michigan and provides additional funding to support AI and robotics faculty.

Ross Business School a  transformative conversation between Scott DeRue , Edward J. Frey Dean of the Stephen M. Ross School of Business, and Mike Barger, Professor of Business Administration and Executive Director, Office of Strategy and Academic Innovation laid the foundation for a new program called the Living Business Leadership Experience (LBLE).as it LBLE pairs a company with a team of students to establish and run real, profitable enterprises.

The goal of the program is to develop a portfolio of student-run businesses where, deeply embedded in every aspect of each living business, is a personalized and engaging learning experience with real context, real decision-making, real products and services, and a responsibility to demonstrate real leadership.