In 2017, the technology transfer functions of the Indiana University Research and Technology Corporation (IURTC) were transferred into IU’s Office of the Vice President for Research. Patenting activity well exceeded targets set in 2015 with, on average, over 300 patents applied for per year over the 2015–19 period, and over 160 patents issued per year, on average, over the same period.
Widely shared prosperity in Indiana depends on IU’s statewide contribution to educating its workforce, and in nurturing the next generation of IU entrepreneurs, turning the innovations and advances of student and faculty researchers and inventors into valuable, marketable products, ideas, and companies. With the technology transfer aspects of IURTC transferred into the Office of the Vice President for Research, in 2019 IURTC was rebranded as IU Ventures, to better reflect its enhanced mission and focus in direct support of IU-affiliated entrepreneurship. IU Ventures provides the necessary ecosystem to build a pervasive entrepreneurial culture throughout IU and provide the support for high potential, IU-affiliated startups through the engagement with industry collaborators to accelerate new venture opportunities, ensuring that IU is engaged with its communities in all regions and working to build a prosperous and innovative Indiana for future generations.
Some of the accomplishments of IU Ventures in its first year include:
