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ABOUT US
History and Mission
NC State’s Office of Research Commercialization (ORC) acts as the steward of all intellectual property generated and owned by the university. Since its formation in the 1980s, it has worked to promote economic growth by facilitating the commercialization of research discoveries, leading to the launch of over 190 new startup companies and 600 commercialized products. ORC’s mandate includes protecting and promoting university-owned research discoveries and innovations, engaging with industry partners, and supporting the launch and growth of startup companies commercializing university intellectual property.
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Licensing
ORC’s Licensing team is tasked with strategically managing invention disclosures submitted by faculty, staff, and students from all colleges, departments, and units on NC State’s campus. Their responsibilities include the evaluation of new inventions, managing patent protection for novel innovations, identifying potential technology licensing partners, and working to negotiate license agreements that enable technology commercialization.
New Ventures Finance and Operations
ORC’s New Ventures team works to support university faculty and student innovators and entrepreneurs seeking to launch a new company to commercialize university-owned research. Their work includes strategic planning and business model support, assistance with new company incorporation, entrepreneurial training, development of logos and websites for new startups, and connections to startup funding and mentorship resources.
ORC’s Finance and Operations team plays a critical role in assisting innovators and industrial partners with license payment, billing, and royalty collection and distribution, as well as maintaining compliance with federal sponsors. The team also manages the patent application process and correspondence, oversees reporting and tracking of products that arise from NC State intellectual property, and records and reports NC State commercialization data to internal and external stakeholders.
