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e rib st di n io ut

In ve n

om

tio n

Research & Development

c In

Technology Transfer Cycle

Products & Services

Technology Assessment

le

en

sin

g

l te In rty

pe

ro

lP

Lic

ua ct ec

ot

Pr

Marketing

n

tio

Established company

Start-up company

1989

First product launched

1992

$1m cumulative total licensing income

UMD Office of Technology Commercialization: Impact Report  
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