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School:Virginia Tech

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The [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]advances the technology transfer mission through a program called [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 ]that helps create companies based on VT-developed technology licensed by [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. ](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).  [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]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.

== '''Facilitating University-Industry Collaboration''' ==

<span style="font-size:~~larger~~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">~~Blacksburg is home to the~~ Virginia ~~Tech Corporate Research Center (CRC), home~~ Tech’s efforts to ~~nearly 200 research~~solve society’s problems, ~~technology~~improve quality of life, and ~~support companies employing over 3,000 employees. The CRC works closely with~~ keep the ~~university to advance~~ United States globally competitive require the ~~research, educational, and technology~~ speedy transfer ~~missions~~ of ~~Virginia Tech. The CRC facilitates relationships between companies and~~ ideas from the ~~university~~ laboratory to ~~advance~~ the marketplace ([https://www.research. ~~The CRC also connects companies~~ 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">VT Research and Innovation])  Working with ~~faculty~~ business and industry is an essential characteristic of the Virginia Tech culture, and ~~student projects to be conducted at~~ it is in the ~~research park. They also facilitate a number~~ DNA of ~~programs (intellectual property support~~the university’s students and its 2, ~~physical~~ 500 teaching and research ~~space~~faculty members, ~~research-related employment for students~~many of whom work to patent discoveries, ~~faculty~~start companies, and ~~surrounding area, supports Strategic Services and university outreach initiatives) as an intermediary between the university and~~ provide practical knowledge to the ~~surrounding community~~world.

<span style="font-size:~~larger~~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">Blacksburg is home to the[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 ~~also maintains a presence in Northern Virginia~~Corporate Research Center (CRC)], home to nearly 200 research, technology, and ~~participates in numerous collaborations between~~ support companies employing over 3,000 employees. The CRC works closely with the university ~~and all levels (organizational, local~~to advance the research, ~~state~~educational, and ~~federal)~~ technology transfer missions of ~~government~~Virginia Tech. ~~One program is~~ The CRC facilitates relationships between companies and the ~~DC I-Corps, sponsored by~~ university to advance research. The CRC also connects companies with faculty and student projects to be conducted at the ~~National Science Foundation~~research park. ~~The program is~~ They also facilitate a ~~partnership between the University~~ number of ~~Maryland~~programs (intellectual property support, physical research space, ~~George Washington University~~research-related employment for students, ~~Johns Hopkins University~~faculty, and ~~Virginia Tech. DC I-Corps connects technology entrepreneurs with participants~~surrounding area, supports Strategic Services and ~~helps participants build business models for their technology innovations in a collaborative environment with successful entrepreneurs~~ university outreach initiatives) as an intermediary between the university and the ~~instructors~~surrounding community.

<span style="font-size:~~larger~~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">Virginia Tech also maintains a presence in Northern Virginia, and participates in numerous collaborations between the university and all levels (organizational, local, state, and federal) of government. One program is the[http://www.dcicorps.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">DC I-Corps], sponsored by the National Science Foundation. The program is a partnership between the University of Maryland, George Washington University, Johns Hopkins University, and Virginia Tech. DC I-Corps connects technology entrepreneurs with participants, and helps participants build business models for their technology innovations in a collaborative environment with successful entrepreneurs as the instructors. The [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 (CIE) ]is a partnership between the university’s [http://www.pamplin.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">Pamplin College of Business ]and Apex Systems. Apex Systems is an IT staffing and services company founded by four Virginia Tech alumni who have committed $5 million to advancing student entrepreneurial empowerment. The CIE includes a wide variety of activities to involve all students, regardless of major program. These include [http://www.vteclub.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">Entrepreneur Club], the Innovate Living Learning Community, and many funding sources for students to engage in innovation & entrepreneurship.

== '''Engaging with regional and local development efforts''' ==

<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-a636-5a2d-4798-4305b3fee79b">At Virginia Tech, community engagement is crucial to us. We have an [https://econdev.vt.edu/About.html <span style="font-size:11pt; font-family:'Open Sans'; color:#003399; background-color:transparent; font-weight:400; font-style:normal; font-variant:normal; text-decoration:underline; vertical-align:baseline">Office of Economic Development ]that focuses on just that. We partner with business and communities with on-campus and local resources. One of the main studies that has garnered much interest was studying and analyzing the impact of the prominent Virginia Tech football team plays on the local economy. Our university football team helps provide 300 local jobs and $69 million to the community. Our school is passionate about efforts to improve the area we live in and are striving to discover more ways to do so.

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