A center that helps Indiana University researchers commercialize their discoveries has moved its operations from the northern end of the Central Canal in Indianapolis to the IUPUI campus to be closer to faculty, industry and research partners.
The Indiana University Research and Technology Corp. moved this week to 518 Indiana Ave., near the School of Informatics and Computing building. It had previously been located at 351 W. Tenth Street, on the canal, in a building known as the Innovation Center. It’s just the first step in what officials say will be an eventual move to 16 Tech, an innovation community planned between 10th and 16th streets.
The Innovation Center had also housed a handful of start-up business tenants, which have found other space in recent months, said Tony Armstrong, president and CEO of the IURTC.
The agency is an independent not-for-profit that helps faculty members patent their research, then license the rights to companies to use the developments, a process known as technology transfer.
In the year ending June 30, it was issued a record 53 patents by the U.S. Patent and Trademark Office, along with 112 global patents. It also received 150 invention disclosures from IU researchers and generated $7.03 million in revenues.