The Office of Technology Transfer (OTT) is being renamed the Office of Technology Commercialization and New Ventures (OTCNV) in a move that is reflective of the increased emphasis NC State is placing on technology commercialization and the launch of startup companies. In addition the Director of OTT, Dr. Kelly B. Sexton is being promoted to the position of Assistant Vice Chancellor for Technology Commercialization and New Ventures. Dr. Sexton says, “Our technology commercialization efforts are now scaled to match the excellence of NC State’s research enterprise. We have created meaningful collaborations with entrepreneurial ecosystem partners both on and off campus to support entrepreneurs as they work to launch and scale startup companies based on university research discoveries.”
Alan Rebar, Vice Chancellor for Research, Innovation and Economic Development says this about the name change, “NC State is committed to expanding its role as an economic engine within our state by facilitating the commercialization of university research discoveries and supporting the launch and growth of startup companies.”
This change comes at a time when NC State’s technology commercialization activity has reached new highs in terms of licenses and options executed – placing it in the top 10 of all university technology transfer offices nationwide. The university has also increased the number of startups created and augmented the programming available to help these companies launch and scale through their PackStartTM Program. Many of these improvements have been enabled by the university’s investment in technology commercialization as part of the Chancellor’s Innovation Fund – a $5M fund to support technology development of research discoveries with commercial potential.
The OTCNV’s website features a prominent database of technologies available for licensing, including a section focused on technologies appropriate for launching a startup company.