The University of Toledo has been committed to becoming a national leader in the area of technology transfer. Each year, UT continues to increase activity in tech transfer, and 2009 is predicted to have the greatest success.

With the help of Samuel Giles, patent licensing associate in the Office of Research Development, right seated, Jack Harley of the JWH Group Inc., left, signed an exclusive license agreement for a gas sensor technology developed by Dr. Abdul-Majeed Azad from the UT College of Engineering. On hand for the signing were, from left, Stephen Snider, director of technology licensing and contracts, Dr. Dan Kory, associate vice president for technology transfer, and Mark Fox, patent-technology associate.

Even with two months until the end of the 2009 fiscal year, UT has already increased the number of invention disclosures, new license agreements and total license agreements from 2008.

For example, from 2008 to 2009, the number of invention disclosures grew from 55 to 72, new license agreements increased from 12 to 17, and total license agreements jumped from 85 to 99.

In addition, three spin-off businesses have been established with three additional businesses in the finalization process. This is a significant increase over the three established in 2008.

“We are very pleased with the increased level of involvement the Technology Transfer Office has received in the past couple of years,” said Stephen Snider, UT licensing and contracts director. “In the past five years, UT has spun out 13 new ventures and entered into 72 license agreements, which will improve the human condition.”

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