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== <h2> University technology transfer function ==</h2> Technology transfer at NYU-Poly and NYU is governed through the NYU Office of Industrial Liaison (NYU OIL). NYU OIL’s mission is to promote the commercial development of NYU technologies from its Langone Medical Center, Washington Square and NYU-Poly 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. 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).