Healthcare company-building profile
Duke's Office for Translation & Commercialization (OTC)
Duke University / Duke University Health System
Source-based profile
Program at a Glance
- Program type
- Accelerator
- Program category
- Health system accelerator
- Organization
- Duke University / Duke University Health System
- Organization type
- Hospital or health system
- Location
- Durham, North Carolina
- Company stage served
- Research or idea stage
- Cohort or participation model
- Not publicly documented
- Investment or funding offered
- Not publicly documented
- Published investment terms
- Not publicly documented
- Equity or fee model
- Not publicly documented
- Clinical or hospital connection
- Yes
- Application status
- Active
- Founded
- 2021 (consolidating the Office of Licensing and Ventures, founded 1986)
Public description
About the program
Duke's Office for Translation & Commercialization is the university-wide unit that identifies inventions from Duke faculty, graduate students and staff, protects them, and moves them to market through licensing to existing companies or the formation of new ventures. It was created in 2021 by a Duke Board of Trustees initiative that consolidated the former Office of Licensing and Ventures (established in 1986), Duke Capital Partners and the Gilhuly Accelerator Fund into a single 42-person organization. Services include patent and copyright strategy, market and competitive analysis, negotiation of licenses and industry contracts, and entrepreneurial mentoring for faculty founders. Its New Ventures Group provides business planning and investor introductions, Duke Capital Partners is an alumni-led investment network that supplies venture capital and guidance, and the Gilhuly Accelerator Fund pays for late-stage de-risking experiments on Duke technologies. OTC engages outside companies as licensees, sponsored-research and option partners, and through the annual Invented at Duke networking event.
What the program publicly emphasizes
Focus areas and features
- Category: Health system accelerator
Publicly documented people and network
Program leadership and alumni
- Program leader
- Robin Rasor — University Associate Vice President for Translation and Commercialization
- Notable alumni named in public materials
- FY2021-22: 14 startup companies launched, 450 U.S. patent applications filed, 116 patents issued, 107 agreements negotiated, 24 exclusive licensing deals and $95.7 million in total revenue generated; Duke spins out roughly 10-15 new companies per year
Sources
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