UB’s Office of Research and Economic Development is offering two new business friendly programs to help businesses easily tap into UB’s technical expertise while reducing the risk and cost associated with licensing intellectual property (IP) and sponsored research.
UB SWIFT is a streamlined approach to sponsored industry contracts designed to reduce transaction time by addressing inventions and licensing in advance. It establishes business-friendly terms upfront, granting companies an exclusive worldwide license to the resulting IP. Companies control all patent filings associated with the technology developed during the research project. Benefits include:
The UB Small Business Innovation Research (SBIR) award provides matching funds to companies subcontracting at least 30% of a Phase I SBIR or STTR award to a UB principal investigator. The matching funds are an incentive for more small business partnerships and expand the research funds available to the UB PI for the project.