Office of Technology Commercialization: History and Impact Faculty and student research at the University of Maryland has the potential to improve lives and stimulate economic growth in the state of Maryland. To foster this potential, the university has developed a comprehensive innovation ecosystem to help translate ideas into action by transforming research into new ventures, collaborations, and marketplace products. In 1986, the University of Maryland created the Office of Technology Commercialization (OTC), formerly known as the Office of Technology Liaison, to provide expert guidance, support, and assistance in: >> safeguarding intellectual property; >> facilitating technology transfer; and >> promoting collaborative research and development agreements with industrial sponsors. The universityâ€™s many innovations stimulate the regional and state economy, provide valuable products for public use and benefit, and help fuel research and entrepreneurial initiatives through partnerships and collaborations both within and beyond the University of Maryland. OTC is proud to serve as a liaison between university members and the business community to further these projects. In 30 years of operations, OTC has seen steady growth in commercialization efforts. During this time, OTC has: >> recorded more than 3,100 information, life, and physical science invention disclosures; >> secured more than 650 U.S. patents; >> licensed more than 700 technologies to business and industry; >> generated more than $25M in technology transfer income; and >> facilitated the creation of nearly 100 IP-based startup companies. A core component of the University of Marylandâ€™s Division of Research and the universityâ€™s thriving innovation and entrepreneurship ecosystem, OTC helps innovative new campus technologies grow and make an impact on human lives as the university builds on its strengths in science and engineering, information technology, behavioral and social sciences, arts and humanities, and biotechnology.