What's New at 722

The UVA Licensing & Ventures Group (LVG) is pleased to bring you What’s New at 722. Every other month we will be sharing thought-provoking insights from the licensing, legal and venture capital experts on our team.

What’s New at 722 will showcase the exciting research discoveries made nearly every day by the faculty, staff, and students at UVA, and the ways that LVG commercializes the technologies through strategic industry partnerships. 

Whether it’s engaging with UVA researchers to discuss their ideas, helping further a concept toward a marketable product or service, or facilitating legal protection of the ideas developed in labs, clinics, and across Grounds, LVG works with UVA innovators to give their technologies the best possible chance at reaching their full potential. 

May 2019

As we close the book on another academic year and schedules begin to open up as students leave Grounds, there is no better time for UVA researchers to engage with our office. Our licensing team is eager to discuss your research projects and inventions to find ways that we can work together to maximize the impact of your work.

In this issue of What's New at 722, we're excited to share new resources on our website that we have created to help faculty navigate funding and programs available within the UVA and Charlottesville innovation ecosystems. We also encourage your participation in several upcoming events that LVG is co-hosting with various community partners. We're bringing experts from our network to Charlottesville to share insights on intellectual property protection and best practices in university gap funding. 

This spring we welcomed Weston Fox to our team who has joined us to support new business development within our portfolio. Warm Health Technology and Antimicrobial Resistance Services are two companies he is working with that will also soon occupy newly constructed offices in our incubator space as they continue to grow with Weston's support. We look forward to sharing our redesigned space upon completion at our fall open house later this year.

We appreciate your support of our efforts to steward UVA research ideas toward making a lasting impact on the world around us. We look forward to hearing from you soon. 

Faculty Resources

UVA Innovation & Entrepreneurship Programs

As the organization responsible for managing the University's intellectual property portfolio, we serve UVA innovators in protecting and stewarding research ideas toward marketable products and services. There are many programs in place across Grounds that encourage the growth of new ideas, entrepreneurship, and innovation. We created a guide to help faculty, staff, and students navigate these opportunities. 

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Funding Resources

Beyond programs to develop and incubate ideas on Grounds, we also created a funding resources guide that breaks down where UVA innovators can turn to find capital at each stage of new venture development. From translational research funding to Small Business Innovation Research (SBIR) grants and matching programs, this guide also highlights where our UVA LVG Seed Fund fits into the larger ecosystem.

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Cville Match 

We are pleased to include the recently launched Cville Match program from the Charlottesville Office of Economic Development (OED) in our funding guide. OED created this program to assist high-growth and expanding Charlottesville-based companies with matching funds.

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UVA LVG Seed Fund & New Ventures

We recently concluded our third year of Due Diligence in Seed Funds, an elective course in the entrepreneurship, innovation, and strategy discipline of Darden's MBA curriculum. The course offers second-year Darden students' exposure to the operations of the UVA LVG Seed Fund, and the opportunity to learn about venture capital from experts in the field. We wish the best to our graduates and welcome our two rising second-year students who are joining us as interns this summer.

We look forward to continuing our Entrepreneur's Edge panel series with CvilleBioHub and hope you will join us for an evening of networking and discussion around intellectual property protection strategies. We are also preparing to host the second annual Covergence: The University Gap Fund and Accelerator Summit this summer with innovosource.  

If you're interested in learning more about the UVA LVG Seed Fund,  joining our Advisory Board, or getting involved, don't hesitate to reach me at creeden@virginia.edu.

On July 18-19, UVA LVG will host the second annual Covergence conference presented byinnovosource. The two-day event is a dedicated gathering of those who manage and operate university seed funds and accelerator programs from research institutions around the country.

University seed, gap, and proof of concept funds are an emerging trend aimed to address the lack of early-stage capital and innovation development support of university intellectual property. Innovosource has been following this trend for nearly a decade and created this conference last year to bring the leaders in this space together with investors and industry partners.

Throughout the conference, university participants will showcase their processes and portfolios, discuss best practices, and learn from each other about how to maximize the potential of these programs. 
 
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