From Fortune 500 companies to startups, the Technology Commercialization Office (TCO) has strong relationships with public and private investors looking to fund useful technologies that could become the next big thing. In fact, TCO has already worked with multiple researchers at the George Washington University (GW) to secure corporate research funding for technology commercialization in the range of $250K-$500K, while ensuring that their innovations are protected.
View a few success stories of GW technologies that TCO has helped reach customers and patients.
But more than money, we recognize the value of ideas. Partnering with TCO enables intellectual property protection and development of the innovations GW researchers have spent months or years creating.
We work with several offices involved in research coordination and innovation development at GW.
Meet our Partners
Research and innovation are driving forces advancing GW as an academic institution and society as a whole, and the Office of the Vice President for Research (OVPR) works diligently to strengthen existing initiatives and expand into new multidisciplinary fields. Led by Vice President Leo Chalupa, OVPR works in tandem with faculty to facilitate all phases of the external and internal funding processes and provides support for faculty and student research initiatives. TCO is a part of OVPR and provides input on negotiation of intellectual property in research agreements.
TCO works very closely with the Office of Entrepreneurship (GWoE) and Executive Director of Innovation and Entrepreneurship, Jim Chung. GWoE is committed to promoting excellence in multidisciplinary entrepreneurship, innovation and regional engagement in new venture creation at GW. Founded in 2010, the office has worked closely with thousands of aspiring student, faculty and alumni entrepreneurs and now serves as a focal point to foster, promote and perpetuate quality academic research, education and outreach programs. TCO collaborates with GWoE for training GW inventors that are interested in learning more about starting a company to develop their technology.
DC I-Corps is a regional program designed to foster, grow and nurture an innovation ecosystem in the nation’s capital, Maryland, Virginia and the mid-Atlantic region. The program is sponsored by the National Science Foundation and jointly run by GW, University of Maryland College Park, Virginia Tech and Johns Hopkins University. The program provides real world, hands-on training on how to successfully incorporate innovations into successful products. The ultimate goal is to create a new venture or licensing opportunity for program participants. The DC I-Corps Node seeks TCO recommendations of GW inventors that would likely benefit from participating in the I-Corps program. TCO debriefs I-Corps participants to use their learnings of the market to benefit development of their inventions.
The GW New Venture Competition (NVC) was launched in 2009 to give students, faculty, staff and alumni a real world experiential learning opportunity in entrepreneurship. NVC also aims to foster an entrepreneurial climate at GW and allow competition winners to actually launch and operate their ventures while maintaining complete control of their business through the issuance of non-equity (for the university) based grants as prize money. GW inventors have won over $600,000 in prizes from the NVC. TCO has even licensed an invention to a winning startup after an experienced businessperson sign on to run the company.
GWERT Mentors is an initiative of the George Washington University Entrepreneurs Round Table, an alumni group founded to promote entrepreneurial activity among GW faculty, alumni and students. Student and faculty entrepreneurs often do not have previous business experience but are a source of many of the most innovative startups. In order to help overcome this initial experiential gap, GWERT Mentors provides a structured matchmaking and monitoring process to bring together experienced startup professionals with GW startups. The long-term focus is on educating and nurturing the next generation of entrepreneurs. TCO's inventors that are interested in learning more about starting a company take advantages of the diverse experiences of GWERT Mentors.