About OTC

Mission Statement: To serve Purdue University through the commercialization of its intellectual property.

Purdue Research Foundation’s Office of Technology Commercialization (OTC) operates one of the most comprehensive technology transfer programs among leading research universities in the United States. Services provided by this office support the economic development initiatives of Purdue University and benefit the university's academic activities.

Purdue’s intellectual property is an asset we strive hard to protect, market and license. We work hand-in-hand with Purdue faculty-, staff- and student-entrepreneurs to provide the resources needed to better understand Purdue policies related to intellectual property and the processes whereby this intellectual property (patents, copyright, trademarks, and tangible research property) can become an actual product or service. To ensure the long-term success of the innovations, we take the process one step further – at times – and help our inventors form startup companies complete with investor support and qualified management teams.

Annual report
In fiscal year 2005, Purdue Research Foundation reported 202 invention disclosures compared with 167 the year before; 109 issued patents, compared with 95 the previous year; and royalty income at $4.68 million, compared with $4.26 million in fiscal year 2004. In the past six years, the university's invention and copyright disclosures have more than doubled. The foundation also reported the creation of six startup companies in 2004 and five in 2005. Also see the Purdue Research Foundation 2006-2010 Strategic Plan.