Changes

In addition to overseeing research and licensing agreements, the OTC also administers the <u>Venture Center (VC)</u>''.&nbsp;''The VC works with researchers, entrepreneurs, and investors to create companies based on University research. All University-owned Intellectual Property is assessed for compelling disruptive and return potential. Those deemed to have adequate potential are moved into a pipeline. The VC has the capability to help develop a business plan, recruit management, and facilitate the formation of a new, independent company with licensing agreements. In 2013 alone, the U of M spun-off 15 startups, on par with Stanford & MIT.