The Innovation and New Ventures Office inspires and nurtures a culture of innovation, bridging Northwestern research with its practical use for public benefit.
We scout for research that could have commercialization potential and provide guidance on how to maximize the impact of the innovations to society.
Business Development and New Ventures:
Business development activities at INVO coordinate with entrepreneurial and innovation initiatives across all schools within Northwestern. Our goal is to enhance the value and impact of the invention by facilitating alliances, to further technology validation and possibly to increase funding. Business development culminates in the drafting of a commercial plan. The business development team promotes broad dissemination of the inventions through an extensive corporate and investor network. Our Investor Advisory Board composed of investors, entrepreneurs and business executives oversees all activities and provides financial and management mentorship.
Intellectual Property and Licensing:
Northwestern protects and manage the inventors' and the University's intellectual property rights through the licensing division of INVO. Each invention is assigned a invention manager who coaches the inventor during the various phases - invention disclosure, determination of patentability, licensing negotiations and intellectual property management.