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== '''Actively supporting the university technology transfer function'''<br/> ==
The office of technology transfer (OTT) does exist, and it has been used to commercialize PhD research. According to the [http://inside.mines.edu/RES-Technology-Transfer OTT website]:
<blockquote><span style="color: rgb(42, 54, 66); font-family: 'Lucida Sans', Arial, sans-serif; line-height: 15px;">most successful start-ups are those that have intellectual property that is protected by a portfolio of patents</span></blockquote>
The online literature of the OTT is very discouraging and littered with legalese and caution statements that scream failure is inevitable. The methods of creating a startup are also outdated as the OTT recommends a detailed business plan that is irrelivent in the startup world of "Lean".
