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= <span style="font-family:arial,helvetica,sans-serif;"><span id="docs-internal-guid-ebd85f13-70ae-27d4-58ac-212cb7de65dc"><span style="font-size: 31px; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">Faculty Innovation and Entrepreneurship</span></span></span> =
<p dir="ltr" style="textline-alignheight: justify1.4;"><span style="fontmargin-sizetop:medium0pt;"><span style="fontmargin-familybottom:arial,helvetica,sans11pt;text-serifalign: justify;"><span id="docs-internal-guid-ebd85f1394821db9-743f2351-3062f7a1-26ed96a9-b46cfc5bc620c366810346ae"><span style="font-size: 16px; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">NYU-SOE is the home to the Center for Faculty Innovations in Teaching and Learning (</span>[http://engineering.nyu.edu/academics/support/fitl <span style="font-size: 16px; font-family: Arial; color: rgb(17, 85, 204); text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">FITL</span>]<span style="font-size: 16px; font-family: Arial; color: rgb(0, 0, 0), ; vertical-align: baseline; white-space: pre-wrap;">): a faculty-centered enterprise dedicated to the advancement of educational practice. Its mission is to partner with the NYU-SOE community to promote innovative teaching strategies and technologies for learning. FITL was created through a 5-year, $1.92 million Title III Strengthening Institutions grant the US Department of Education awarded NYU-SOE in October 2008. Its objective is to increase NYU-SOE’s reputation as a leader in STEM higher education through extensive faculty training and providing resources to incorporate educational technology within the classroom and curriculum (.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-94821db9-2351-f7a1-96a9-c366810346ae"><span style="font-size: 16px; font-family: Arial; vertical-align: baseline; white-space: pre-wrap;">Additionally, NYU-SOE has a network of </span>[http://wwwengineering.polynyu.edu/academicsbusiness/supportincubators/fitl faculty-engineers-in-residence <span style="font-size: 16px; font-family: Arial; color: rgb(17, 85, 204); text-decoration: underline; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">FITL Homepagefaculty-engineers-in-residence (EIRs)</span>]<span style="font-size: 16px; font-family: Arial; color: rgb(0, 0, 0255); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">).</span>]</spanstyle="font-size: 16px; font-family: Arial; vertical-align: baseline; white-space: pre-wrap;">to advise students on pursuing entrepreneurial ventures and innovating products as well as to advise companies in the school's incubators. The EIRs also provide the students with connections to accelerate the progression of their venture.</span></span></p><div style="textfont-size: 16px; font-family: Arial; color: rgb(0, 0, 0); vertical-align: justifybaseline; white-space: pre-wrap;"><br/span></divspan></p><p style="text-align: justify;"></p>
= <span style="font-family:arial,helvetica,sans-serif;"><span id="docs-internal-guid-ebd85f13-70ae-27d4-58ac-212cb7de65dc"><span style="font-size: 31px; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">University Technology Transfer Function</span></span></span> =
<p style="text-align: justify;"><span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;"><span id="docs-internal-guid-ebd85f13-743f-a4ba-e254-276aae944555"><span style="color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">Technology transfer at NYU-SOE and NYU is governed through the NYU Office of Industrial Liaison (</span>[http://oil.med.nyu.edu/frontpage <span style="color: rgb(17, 85, 204); text-decoration: underline; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">NYU OIL</span>]<span style="color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">). NYU OIL’s mission is to promote the commercial development of NYU technologies from its Langone Medical Center, Washington Square and NYU-SOE campuses into products to benefit the public, while providing resources to the University to support its research, education, and patient care missions. The Office also facilitates research collaborations between NYU researchers and industry on projects of mutual interest.</span></span></span></span></p><p style="text-align: justify;"><span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;"><span id="docs-internal-guid-ebd85f13-743f-a4ba-e254-276aae944555"><span style="color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">NYU OIL actively seeks commercial partners to develop NYU technologies, and works to establish mutually beneficial long-term relationships. Almost 60% of NYU patents have been licensed to companies for development and commercialization. Over the past five years, NYU has ranked first among all U.S. universities in income from technology licensing, which is plowed back into further research. NYU actively promotes entrepreneurship with more than 70 companies created based on NYU technologies. In the most recent published comparative data on technology commercialization activity at U.S. universities, NYU created 87% more new start-up companies per research dollars expended than the national average (NYU OIL).</span></span></span></span></p><p style="text-align: justify;"></p>