LAWRENCE, Kan.--(EON: Enhanced Online News)--The University of Kansas Innovation and Collaboration (KUIC) is unveiling their new name and new website highlighting the University’s model of commercialization in the educational entrepreneurial ecosystem. This evolution for KUIC helps the University of Kansas faculty connect with resources that can support their research, and guide it by protecting intellectual property and helping entrepreneurs launch businesses.
“Having a successful university start-up program like KUIC is key to fostering entrepreneurship.”
Formerly the University of Kansas Center for Technology Commercialization, the new KUIC, pronounced “Quick,” has quickly become a success and is a model for other colleges and universities to create and fund startups, evidenced by their recent presentation at the National Council of Entrepreneurial Tech Transfer Global 1000 Conference. Over the past two years, KUIC has grown the university’s licensing revenue from $1 million to over $11 million. KUIC has more than doubled the number of patents issued from 2012 to 2013 and has reached over $9 million in corporate-sponsored research funding.
Finding new sources of funding is key to advancing research and development, and more so now as many universities face the need to replace sequestration funding.
“The commercialization program at the University of Kansas has been a great investment for the state,” said Kansas Secretary of Commerce Pat George. “Having a successful university start-up program like KUIC is key to fostering entrepreneurship.”
With access to state-of-the-art facilities, KUIC is partnering with over 2,000 University of Kansas professors who are developing innovative research.
“KUIC is committed to results,” said Julie Goonewardene, President of KUIC. “The research is the driving force behind the university. It attracts top students and faculty and creates ideas that will make society better in every imaginable way. Our name, logo and website have changed to demonstrate our dedication and commitment to having a real and meaningful impact in Kansas, the U.S. and the world.”
The new KUIC website helps staff, corporate partners and thought leaders share best practices and insights in the ever-evolving start-up ecosystem. The site acts as a portal that helps faculty license technology, assists staff in gaining additional funding from industry or foundations and supports faculty entrepreneurs launching a new venture.
The University of Kansas Innovation and Collaboration (KUIC) is a 501(c)(3) and is the commercialization arm for the University. KUIC is responsible for all commercialization, licensing, and startups for the University with the purpose of partnering with corporations and bringing KU innovation to the marketplace.
About the University of Kansas
The University of Kansas is a major comprehensive research and teaching university. The university’s mission is to lift students and society by educating leaders, building healthy communities and making discoveries that change the world.