The Commonwealth of Kentucky is launching a unique public-private partnership to commercialize tech that emerges from the state’s universities. Kentucky Commercialization Ventures (KCV) will work with the University of Kentucky, the University of Louisville, and seven other universities to bring their technology innovations to market. Also collaborating on the effort are Kentucky Science and Technology Corp. and KY Innovation, the state’s startup support agency.
KCV will work with the universities and their commercialization offices to bring to market products and services from university research and intellectual property. The new office will help with licensing of products and services, creating industry connections and protecting intellectual property. KVC will hire an executive director and an intellectual property director based in Lexington, as well as program managers at UofL and UK.
While many universities have found success commercializing their own inventions, this is believed to be the first statewide effort bringing together all of a state’s public universities.