University of Texas forms $2M commercialization fund

Money for the Texas Ignition Program comes from the university’s intermediate term fund. The program will make grants of up to $50,000 to any one of the 15 UT system schools to provide equipment, business plan consulting or other services to help bring research from the lab to the private sector.

The effort follows several larger funds pioneered by other public universities and states, such as a $14 million fund in Oregon and a $52 million pool available through the Research Commercialization Program in Ohio.

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