“When faculty and graduate students come up with new scientific inventions... it’s our role to work with them and help bring those inventions into the market,” said Orin Herskowitz, CTV’s executive director.
Columbia Technology Ventures was founded in 1982, shortly after Congress passed legislation mandating that universities retain title to ground-breaking research developed with federal funding, seek patents for those inventions and license those patents to industry and startups. Since Herskowitz came to Columbia in 2006, the tech ventures office has grown exponentially, helping to create 20 to 25 startups annually compared with five or six a decade ago. Each year it evaluates more than 350 innovations from faculty, students and researchers working in a Columbia lab for potential commercialization, including patents and licensing deals.
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