After the successful launch of TechPortal, a business and technology incubator, UC Irvine is launching a medical business and technology incubator. The university hopes the new research center, which will be associated with the UCI Medical Center, will encourage medical industry startups and foster economic growth.
"Commercializing the university's inventions and discoveries is a vital part of our mission," said Jacob Levin, assistant vice chancellor for research development who is involved in the project. "It's one of the things we've been entrusted by society to do.”
The incubator will be known as TechPortal Orange and will accommodate as many as 14 companies. In addition to the center UCI is reinvesting income into the technology transfer process, restaffing, repurposing the Chief Executive Roundtable and convening multiple campus committees.
“Only through realizing society's investment in research and education can we deliver on the promise of science and technology and create the world we all envision for the future," said Levin.
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