Impact & Commercialization
Drexel Applied Innovation provides technology licensing, industry sponsored research support, entrepreneurial training and venture creation services to support the impact endeavors of Drexel faculty, postdocs and graduate students.
The Technology Licensing team manages invention disclosures from Drexel researchers, develop and protect intellectual property, ensure Bayh-Dole compliance and manage various agreements such as technology license agreements, option agreements, material transfer agreements (MTA), inter-institutional agreements (IIA) and provisions related to IP in sponsored research agreements (SRA) and joint research agreements (JRA). The Technology Licensing team typically sees 100 inventions disclosures, executes 10-15 license agreements and files 40-70 new patent applications per year. Drexel University has also has averaged 45 issued US patents per year between 2015 and 2019.
The Entrepreneurial Development team provides education programs to help researchers develop new university-industry relationships and explore commercialization through startups via NSF I-Corps. Drexel University works closely with the Upstate New York I-Corps Node led by Cornell University to run I-Corps offerings for Drexel innovators. The Entrepreneurial Development team also co-manages ic@3401, a community of innovators and startup founders, with the University City Science Center. ic@3401 members have raised over $80M in investment capital since its re-launch in 2015. Drexel Applied Innovation also provides gap funding through the Proof of Concept Academy – the program launched in 2018 has awarded $200K across 4 entrepreneurial teams resulting in over $4.4M in outside capital..
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