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<span style="font-size:large"><span style="font-size:large"><span style="font-family:georgia,serif">'''<span style="font-size:11pt; font-family:'Open Sans'; color:#000000; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline" id="docs-internal-guid-7ddf7fa9-a632-75e0-0c49-1140d5d6316e">Virginia Tech encourages innovation and entrepreneurship for faculty members in several ways. The </span>[http://www.apexcie.vt.edu <span style="font-size:11pt; font-family:'Open Sans'; color:#1155cc; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:underline; vertical-align:baseline">Apex Systems Center for Innovation and Entrepreneurship</span>]<span style="font-size:11pt; font-family:'Open Sans'; color:#000000; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline">works closely with the Virginia Tech faculty to help encourage entrepreneurship and innovation campus wide. The </span>[https://vtnews.vt.edu/articles/2016/03/030716-research-catalyst.html <span style="font-size:11pt; font-family:'Open Sans'; color:#1155cc; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:underline; vertical-align:baseline">Catalyst Program</span>]<span style="font-size:11pt; font-family:'Open Sans'; color:#000000; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline">helps faculty members (as well as also students and alumni) to launch new startups or accelerate existing ventures. Virginia Tech also established a technology commercialization training program for faculty members and hosts a special outreach program, including attendance at industry market conferences, in areas ripe for increasing Virginia Tech inventions, through the </span>[http://www.vtip.org/ <span style="font-size:11pt; font-family:'Open Sans'; color:#1155cc; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:underline; vertical-align:baseline">Virginia Tech Intellectual Properties, Inc.</span>]<span style="font-size:11pt; font-family:'Open Sans'; color:#1155cc; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:underline; vertical-align:baseline">(VTIP)</span><span style="font-size:11pt; font-family:'Open Sans'; color:#000000; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline">. Regarding funding opportunities, the </span>[https://osp.vt.edu/ <span style="font-size:11pt; font-family:'Open Sans'; color:#1155cc; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:underline; vertical-align:baseline">Office of Sponsored Programs</span>]<span style="font-size:11pt; font-family:'Open Sans'; color:#000000; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline">provides a comprehensive array of support services for faculty as they pursue and manage external funding projects in innovation and entrepreneurship. Aiming to enable faculty members to respond quickly to market needs requiring technical expertise, Virginia Tech developed the </span>[http://www.tap.vt.edu <span style="font-size:11pt; font-family:'Open Sans'; color:#1155cc; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:underline; vertical-align:baseline">Technical Assistance Program</span>]<span style="font-size:11pt; font-family:'Open Sans'; color:#000000; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline">(TAP), a consulting activity intended to strengthen university and faculty relationships with external organizations.</span>'''</span></span></span>
== <br/><span style="font-size:large;"><span style="font-size:large;"><span style="font-family:georgia,serif;">'''Actively supporting the university technology transfer function'''</span></span></span> <br/> == <span style="font-size:11pt; font-family:'Open Sans'; color:#000000; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline">The </span>[http://www.vtcrc.com <span style="font-size:11pt; font-family:'Open Sans'; color:#1155cc; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:underline; vertical-align:baseline">Virginia Tech Corporate Research Center</span>]<span style="font-size:11pt; font-family:'Open Sans'; color:#000000; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline">advances the technology transfer mission through a program called</span>[http://www.vtknowledgeworks.com/ <span style="font-size:11pt; font-family:'Open Sans'; color:#1155cc; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:underline; vertical-align:baseline">VT KnowledgeWorks</span>]<span style="font-size:11pt; font-family:'Open Sans'; color:#000000; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline">that helps create companies based on VT-developed technology licensed by </span>[http://www.vtip.org/ <span style="font-size:11pt; font-family:'Open Sans'; color:#1155cc; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:underline; vertical-align:baseline">Virginia Tech Intellectual Properties, Inc.</span>]<span style="font-size:11pt; font-family:'Open Sans'; color:#000000; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline">(VTIP). This institution is in charge of commercialize VT Inventions, including technology evaluation, protection, licensing and monitor licensees for success. The tech transfer process at VIIP includes identifying new technologies, protecting technologies through patents and copyrights, forming development and commercialization strategies (such as marketing and licensing to existing private sector companies or creating new start-up companies based on the technology). </span>[http://www.vtknowledgeworks.com/ <span style="font-size:11pt; font-family:'Open Sans'; color:#1155cc; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:underline; vertical-align:baseline">VT KnowledgeWorks</span>]<span style="font-size:11pt; font-family:'Open Sans'; color:#000000; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline">provides business formation and growth support services, engaging an extensive network of consultants, mentors, early-stage investors, and professional service providers to help emerging and expanding enterprises maximize opportunities and minimize risks.</span> <span style="font-size:large"><span style="font-size:large"><span style="font-family:georgia,serif"></span></span></span>
== <br/><span style="font-size:large;"><span style="font-size:large;"><span style="font-family:georgia,serif;">'''Facilitating University-Industry Collaboration'''</span></span></span> ==