New Ventures

The University of Louisville actively supports entrepreneurial efforts by our faculty, staff, and students. The Office of Technology Transfer actively works with our creators and our external stakeholders to support these activities.

The University does have certain requirements that must be fulfilled in order to effectively license to a start-up. First, the intellectual property has to be appropriate to a start-up – the OTT works with the creators of that IP to make that determination. Second, the IP must have been properly disclosed to the OTT – this allows us to make certain we are fulfilling any 3rd party obligations that may attach to that IP (such as Federal reporting requirements). Third, the start-up has to have a viable business plan, which must be provided to the OTT as part of license negotiations, before the OTT is able to execute a license to the start-up. Finally, the start-up has to have in place a business person who is not the UofL Creator under the IP Policy, and must also be actively seeking (or already have) competent management for the business.

The OTT is happy to assist our creators in navigating the requirements of creating a start-up – we actively work with our Office of Research Integrity, our Office of Industry Engagement, and others as needed or helpful. Please contact the OTT when you’ve made the decision to create a start-up, and engage us as early as possible.