Innovation at UVA

/ 06.07.17

From Concept to Commercialization

Innovators turn to a strong entrepreneurial network including the UVA Licensing & Ventures Group when they’re ready to turn an idea into a reality. Between 2006 and 2016, the LVG has:

Filed patent applications

Negotiated licensing and options agreements

Assisted new company foundings

Recent Examples

TypeZero Technologies
Technology revolutionizing the treatment and management of diabetes
MadiDrop
Affordable drinking water treatment technologies to improve global health
PsiKick
Wireless sensor systems that operate using harvested energy
AMP3d
Software platform to predict dangerous health events hours before diagnosis
Rivanna Medical
Pocket-sized ultrasound device to guide epidurals
Swipe to view more
  1. Invention

    Innovation occurs constantly at the University. In medical labs, research centers and beyond, faculty, students and staff create things that could ultimately become new products, services or tools to improve society. UVA’s Licensing & Ventures Group exists to help advance these inventions into commercial successes.

  2. Idea Sharing

    To start the process, inventors disclose their invention to the group. At this point, Licensing & Ventures begins working closely with creators to optimize the commercial outcomes.

  3. Protect

    Where appropriate, LVG’s professional staff, advisors and attorneys help innovators protect their ideas by filing patents, copyrights, and/or trademarks. This all-important step protects their intellectual property as they move into the competitive commercial realm.

  4. Commercialization

    UVA Licensing & Ventures Group licenses the commercialization rights or “title” to bring the new intellectual property to market. In some cases, UVA inventors choose to license their intellectual property to start-ups they co-found. Licensing & Ventures also facilitates licensing to outside companies.

  5. Product Launch

    The Licensing & Ventures Group supports licensees and start-ups as they get UVA innovations off the ground. It hosts entrepreneurs in residence to offer advice and has free temporary office space for new ven­tures. They also connect UVA entrepreneurs with potential investors and invite them to apply for investment from UVA.

  6. Revenue

    Once intellectual property is successfully commercialized, UVA and the inventors share net revenues. The University continues the cycle of innovation by reinvesting its portion of the revenues into new research and scholarship on Grounds.