The University of Tennessee Research Foundation (UTRF) promotes the commercialization of UT intellectual property and encourages an entrepreneurial culture across the UT system. UTRF guides promising inventions from the laboratory to the marketplace by partnering with entrepreneurs, industry and investors. Through these partnerships, UT’s ideas are developed into new products and services that benefit Tennesseans, while also generating income for the inventors and UT.In the past year, UTRF:
- Earned in licensing revenue: $3.32 million
- Paid to UT inventors: $1.2 million
- Returned to colleges and departments: $178,000
- Assisted inventors: 43 licenses and options
- Helped start: 4 companies
- UTRF-based companies raised: $54 million in outside venture-type capital in Tennessee
A Place of Purpose
Across 1,200 West Tennessee acres in Hardeman County, the woods, pastures, lakes and farmland have been imbued with a sense of purpose since previous owners stitched the parcels together into one farm. Now, the shouts and laughter of children echo across the acres as the land fulfills a new mission.
But it also does more. In addition to hosting 4-H youth programming, Lone Oaks is open to companies and organizations to rent for retreats and conferences, helping adults reimagine what could be possible and to find new purpose in their work and lives.
The UT Institute for Public Service provides expert training and consulting to local and state government, business and law enforcement, and has done so since 1971, when former UT President Edward Boling had a vision to extend that help.Through its five agencies, IPS:
in customer-reported economic impact to benefit the Tennessee economy
requests for requests for assistance
employees, citizens and officials