UGA's Innovation Gateway will have an additional $10m to play with as the university looks to double down on a strong tech transfer performance in recent times.
University of Georgia (UGA) Foundation’s investment committee has sanctioned a $10m investment for Innovation Gateway, the university’s tech transfer and licensing operation.
The funding was approved at a June 15 committee meeting and will be disbursed through UGA’s Office of Research, which supervises Innovation Gateway.
UGA hopes the additional funding will enable more spinouts to be supported to the stage where external investments and partnerships become viable, ultimately bringing more products to market.
The move was regarded as further indication of UGA’s dedication to innovation following plans to develop an innovation district to pull together its entrepreneurial activity.
The university ranked fifth in the US for the number of products it had launched to market during the 2018 financial year, according to Autm, marking the sixth consecutive year it had featured in the top five.
John Crawford, chairman of UGA Foundation, said: “The UGA Foundation wants to do everything possible to help foster innovation at UGA. It is important that the foundation serve as a strategic partner to help support one of the university’s top goals.”
