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<p style="text-align: justify;"><span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;"><span id="docs-internal-guid-ebd85f13-70ae743f-27d4a4ba-58ace254-212cb7de65dc276aae944555"><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="font-family: Arial; 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-ebd85f13-70ae743f-27d4a4ba-58ace254-212cb7de65dc276aae944555"><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>
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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;">University Technology Transfer Function</span></span></span> =
= <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;">Regional and Local Economic Development Efforts</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-ebd85f13-70ae-27d4-58ac-212cb7de65dc"><span style="vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">CATT - Created in 1983 as one of the State of New York's 4 original Centers for Advanced Technology, CATT continues to fulfill its mission to stimulate economic development in information technology through research and education.</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-ebd85f13-70ae-27d4-58ac-212cb7de65dc"><span style="vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">CITE - Former NYU-SOE President Hultin once stated that “With CITE, NYU-SOE’s researchers, students and industry partners are well poised to contribute to the economic growth of New York. CITE will facilitate the collaborative development of ground-breaking digital gaming innovations and new media technologies with tangible commercial applications.” (</span>[http://engineering.nyu.edu/press-release/2011/03/11/polytechnic-institute-nyu-launches-new-center-innovation-technology-and-ent <span style="font-family: Arial; color: rgb(17, 85, 204); text-decoration: underline; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">CITE Press Release</span>]<span style="vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">)</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-ebd85f13-70ae-27d4-58ac-212cb7de65dc"><span style="vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">In addition to CATT and CITE, NYU-SOE Incubators have an impressive track record with local economic boom having generated more than $250 million in economic activity and 900 jobs since 2009 (</span>[http://www.poly.edu/business/incubators/impact <span style="font-family: Arial; color: rgb(17, 85, 204); text-decoration: underline; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">NYU-SOE Incubator</span>]<span style="vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">). Named one of the Top 10 Idea Labs in the U.S. by </span>[http://www.bizjournals.com/prnewswire/press_releases/2013/08/21/NY67450 <span style="font-family: Arial; color: rgb(17, 85, 204); font-style: italic; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">Worth</span>]<span style="vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">magazine, the NYU-SOE Incubators—Varick St., DUMBO and NYC-ACRE, Greenhouse—are changing the landscape of New York City for the better. As the first NYC-sponsored Incubators and cornerstones of the NYU Entrepreneurial Institute, the programs are designed to empower entrepreneurs from across NYC and NYU who are creating jobs, launching new technology products and services and diversifying the local innovation ecosystem (</span>[http://www.poly.edu/business/incubators/impact <span style="font-family: Arial; color: rgb(17, 85, 204); text-decoration: underline; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">NYU-SOE Incubator</span>]<span style="vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">). Since 2009, the Incubators have served more than 100 companies, with 7 of those acquired by established public and private companies. Program graduates have raised more than $60M in equity funding and economic growth is projected to reach nearly $720 million by 2015 (</span>[http://www.poly.edu/business/incubators/impact <span style="font-family: Arial; color: rgb(17, 85, 204); text-decoration: underline; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">NYU-SOE Incubator</span>]<span style="vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">). NYU-SOE’s Incubators leverage support from NYCEDC, NYSERDA, and other government entities, as well as from Trinity Real Estate and Two Trees Management Company, and now Forest City Ratner Companies. Most recently, New York State added NYU-SOE incubators as start-up NY development zones. </span>[http://engineering.nyu.edu/press-release/2014/08/21/new-york-state-adds-nyu-incubators-start-ny-development-zones <span style="font-family: Arial; color: rgb(74, 134, 232); text-decoration: underline; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">Article</span>]<span style="color: rgb(74, 134, 232); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;"> </span></span></span></span></p><div><br/></div><div><div></div></div>
