Innovation and New Ventures Office (INVO)
INVO partnered with NUCATS to create the Center for Translational Innovation, which represents the biomedical arm of the Institute. INVO is a Northwestern office that focuses on identifying technologies with commercial potential, increasing the value of those technologies through intellectual property protection and helping in the development and movement toward commercialization through licensing, new ventures and partnering. The INVO team actively scouts for faculty investigations with commercialization potential and offers guidance on their potential commercial development. INVO also frequently hosts campus events and programs to help support the growing culture of commercialization and entrepreneurship at Northwestern.
INVO services include:
The commercialization clinic is a consulting service offered to all members of Northwestern who have questions about how to commercialize an idea.
Startup Consultations & Clinics
INVO sometimes offers teams access to free consultation on securing funds for their startups through Small Business Innovation Research and Small Business Technology Transfer contracts or grants. There are also frequent seminars and clinics on the subject.
NUCATS works with EIRs at INVO who are dedicated to the biomedical space and can advise and assist students and faculty as they launch startups or explore commercialization of research.
N.XT is a fund designed to foster and support Northwestern’s early stage innovations. N.XT’s purpose is to provide proof of concept resources for product validation, prototyping, and market identification.
Pilot Grant Funding
NUCATS investigators also have access to a wide variety of research cores that can help foster their entrepreneurship; browse the lists below for more information: