MINNEAPOLIS / ST. PAUL (08/10/2011) —Reviewers from three of the nation’s top university technology transfer operations praised the University of Minnesota for dramatic improvements in its approach to bringing researcher discoveries to the marketplace. Among other findings, their report declared that the U of M “… has an outstanding track record of accomplishments that put it at the highest ranks of university tech transfer offices,” adding, “… the office has done so on a much more limited budget and staffing model than most of its peers. The University clearly has much for which it should be proud.”
The reviewers, leaders of the technology transfer offices at Stanford, Columbia and the Wisconsin Alumni Research Foundation, noted the dramatic turnaround since Jay Schrankler took over as executive director of the Office for Technology Commercialization (OTC) four years ago. A thorough overhaul of the university’s technology transfer operations, including recruitment of a new director, was one of the key strategies that Vice President for Research R. Timothy Mulcahy identified as a top priority when he arrived at the university in 2005.
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