Home > Bridging the gap, Business models, Economic Development, Intellectual Property, Startup, University, Venture capital > Rutgers University Creates Disruptive Innovation Fund to Commercialize University Technologies

Rutgers University Creates Disruptive Innovation Fund to Commercialize University Technologies

Our faculty and students continually create exciting technologies and innovations that have great potential in a wide range of markets, from software to pharmaceutical manufacturing, which is why we have established this fund…

From Rutgers:

NEW BRUNSWICK, N.J. – Rutgers has established a “Disruptive Innovation Fund” through an agreement signed this week with IP Navigation Group of Dallas, which has committed up to $1 million to support commercialization of technologies developed at the university.

“Our faculty and students continually create exciting technologies and innovations that have great potential in a wide range of markets, from software to pharmaceutical manufacturing, which is why we have established this fund,” said Michael Pazzani, vice president of research and economic development. “It’s the recognition of the ability of our faculty and students to solve the nation’s most important problems and bring these solutions to market that motivated IP Navigation Group to make this significant commitment.”

Erich Spangenberg, founder and chairman of IP Navigation Group, said: “Our firm believes that Rutgers is a leader in two important areas: talented faculty and students and an approach by the university’s leadership that facilitates the ability of this talent to flourish. That’s why we’re making this investment.”

Spangenberg says the intent is that the fund be “technology agnostic,” adding, “If it is a ‘big’ idea, we should not be limiting where the fund is deployed…”

READ FULL ARTICLE [web]
Rutgers Office of Technology Commercialization [web]
IP Navigation Group [web]

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