University Of Virginia Strengthens Programs Supporting Innovation

Noting that innovation is the only way to build a strong economic future, the University of Virginia has introduced new programs to enhance the innovative activities of its researchers and entrepreneurs. The initiative, known as UVA Innovation, will provide guidance and services supporting strategic partnerships, entrepreneurial networks and technology commercialization. The university’s patent foundation will become a licensing and ventures group to emphasize commercialization of university technologies. And the university will adopt a new revenue distribution formula that will benefit inventors, departments and scholarship programs.