Adelaide University plans business development office Adelaide Commercial to license out and form spinouts from Adelaide intellectual property.
Adelaide University has announced the forthcoming opening of Adelaide Commercial (AC), a new business development geared towards accelerating commercialisation at the institution.
AC will oversee licensing research applications, generating spinout firms, and managing Adelaide’s intellectual property when the office opens in January next year. The move follows a review of Adelaide Research and Innovation, the university’s present tech transfer office, which currently operates outside of the university.
Warren Bebbington, vice chancellor for Adelaide University, said: “Adelaide Commercial will increase impact from the translation of research into commercial outcomes, and help drive the State’s economic development. And that means more jobs for South Australia.
“ARI’s current capacity to manage contract research, consulting activities and support research grants, will be transferred into the University. This will allow us to make the most of new commercialisation opportunities more easily while maintaining our current research activity.”
