June 5, 2013 – The University of Utah’s Technology Commercialization Office is now called Technology and Venture Commercialization to emphasize the organization’s dual mission in commercializing inventions through partnerships with existing companies and creating new ventures.

“Our organization has a strong track record of success,” said Bryan Ritchie, executive director of TVC. “It’s now time to move to the next level. The U has an opportunity to strengthen its leadership in successfully turning great ideas into practical applications. We want to ensure that our name accurately reflects this transformation. This name change both reflects our responsibilities for the activities of commercialization while also signaling our desire to effect transformation through stronger partnerships and customer service.”

Technology & Venture Commercialization is dedicated to commercializing new technologies and inventions from discoveries made and developed at the University of Utah. This is accomplished by applying a stage-gated, milestone-driven process that has as an end-goal of building value for inventors, the university and the community through licensing intellectual property, building beneficial commercial partnerships, supporting the community and educating students.