- UFs serve as a Technology Transfer Mechanism (TTM) — UFs are one of several technology transfer mechanisms used by universities to pro-actively encourage the commercialization of academic research. Other include: science parks, incubators, university-industry joint projects, and technology licensing.
- UFs do more than support early stage companies — Universities with UFs create them with the goals of (i) investing in promising companies whose technologies are often related to the fields in which the faculty specializes in, thereby creating a positive feedback loop of reputation and innovation; and (ii) using the additional funding and revenues generated as a result of the UFs to speed-up the commercialization process of technologies using more conventional TTMs.
- UFs usually evolved from Technology Transfer Offices (TTO) to more professional structures — Young UFs often focus on facilitating the creation of university spin-outs via internal financing of business projects and technologies. Overtime funds begin to resemble VC companies from their organization as limited partnerships to being managed by executive teams of professionals with experience in the VC and private sectors.
University Funds - A Thirty Year Tradition
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