Organizations Filed Purposes:
TO MAXIMIZE THE IMPACT OF UVA'S INNOVATION ASSETS VIA COMMERCIALIZATION, WHILE PROVIDING HIGH LEVELS OF CUSTOMER SERVICE, VALUE-ADDED BUSINESS DEVELOPMENT, NEW VENTURE CREATION, AND A FOCUS ON DRIVING QUALITY TRANSACTIONS.
THE PRINCIPAL ACTIVITY OF THE FOUNDATION IS TO SUPPORT THE UNIVERSITY'S 2030 PLAN TO BECOME A "GREAT AND GOOD UNIVERSITY AND TO "ENABLE DISCOVERIES THAT ENRICH AND IMPROVE LIVES" VIA COMMERCIALIZATION OF UNIVERSITY RESEARCH AND INTELLECTUAL PROPERTY. THIS ACTIVITY INCLUDES SUPPORTING THE UNIVERSITY'S INDUSTRY AND TRANSLATIONAL RESEARCH INITIATIVES; PERFORMING DUE-DILIGENCE ON SOLICITED AND DISCLOSED INTELLECTUAL PROPERTY; PREPARING AND FILING PATENT APPLICATIONS, COPYRIGHTS, AND TRADEMARKS; ENGAGING IN BUSINESS DEVELOPMENT; NEGOTIATING AND EXECUTING LICENSE AGREEMENTS; SUPPORTING NEW VENTURE CREATION; INVESTING IN UVA PORTFOLIO COMPANIES; MONITORING COMPLIANCE; AND DISTRIBUTING INCOME.
PATENTING: THE PATENTING DEPARTMENT PREPARES AND FILES PATENT APPLICATIONS. DURING THE FISCAL YEAR ENDED 2020, THE UNIVERSITY OF VIRGINIA PATENT FOUNDATION D/B/A UNIVERSITY OF VIRGINIA LICENSING AND VENTURES GROUP (LVG OR THE FOUNDATION) WAS AWARDED 56 U.S. PATENTS.
LICENSING: THE LICENSING DEPARTMENT EVALUATES, MARKETS, AND LICENSES INVENTIONS. DURING THE FISCAL YEAR ENDED 2020, LVG SOLICITED 241 INVENTION DISCLOSURES FROM UVA FACULTY, STAFF, AND STUDENT INVENTORS AND EXECUTED 83 COMMERCIAL TRANSACTIONS.
NEW VENTURES: LVG PROVIDES RESOURCES AND EXPERTISE TO SUPPORT THE ENTREPRENEURIAL AND INVESTMENT PROCESS. DURING THE FISCAL YEAR ENDED 2020, LVG HELPED LAUNCH 4 NEW VENTURES. ADDITIONALLY, LVG MANAGES AN INNOVATION FUND, WHICH IS COMPRISED OF SEED FUNDING AND VENTURE FUNDING, IN COLLABORATION WITH THE UNIVERSITY OF VIRGINIA AND THE UNIVERSITY OF VIRGINIA HEALTH SYSTEM.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Michael Straightiff | EXECUTIVE DIRECTOR | 40 | $404,489 |
| Weston Fox | EXECUTIVE IN RESIDENCE | 40 | $228,717 |
| Robert Decker | PATENT COUNSEL / SECRETARY | 40 | $199,672 |
| Robert Creeden | MANAGING DIRECTOR,SEED FUN | 40 | $198,320 |
| Patrick Klepcyk | DIRECTOR OF LICENSING | 40 | $177,481 |
| Claudine Wispelwey | DIRECTOR OF OPERATIONS | 40 | $155,124 |
| John Lazo | TREASURER | 1 | $0 |
| Peter Grant Ii | CHAIR | 1 | $0 |
| Richard Shannon | DIRECTOR | 1 | $0 |
| Melur Ramasubramanian | DIRECTOR | 1 | $0 |
| Pamela Norris | DIRECTOR | 1 | $0 |
| Ronald Newbold | VICE CHAIR | 1 | $0 |
| John Macfarlane | DIRECTOR | 1 | $0 |
| Michael Lenox | DIRECTOR | 1 | $0 |
| Donald Laing Iii | DIRECTOR | 1 | $0 |
| Erik Hewlett | DIRECTOR | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202130489349300408_public.xml