Program areas at University of Virginia Licensing and Ventures Group
Patenting: the patenting department prepares and files Patent applications. During the fiscal year ended 2022, the University of Virginia Patent Foundation d/b/a University of Virginia Licensing and Ventures Group (lvg or the Foundation) was awarded 53 u.s. Patents.
New Ventures: lvg provides resources and expertise to support the entrepreneurial and investment process. During the fiscal year ended 2022, lvg helped launch 5 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.
Licensing: the Licensing department evaluates, markets, and licenses inventions. During the fiscal year ended 2022, lvg solicited 226 invention disclosures from uva faculty, staff, and student inventors and executed 85 commercial transactions.
Other program services: lvg provides a variety of other programs, generally at the request of uva.
Grants made by University of Virginia Licensing and Ventures Group
Grantee | Grant description | Grant year | Amount |
---|
Rector and Visitors of the University of Virginia | The Foundation Is A Supporting Organization for the University of Virginia. the Amount of Cash Paid To the University for Distributions of Royalities To the Innovation & Scholarly Activities Fund and To the University Is Based on the Agreement Between the Foundation and the University of Virginia. the Payment Does Not Include Any Refund for Overpayment of Fees for Services Rendered. | 2022-06 | $1,770,022 |
Personnel at University of Virginia Licensing and Ventures Group
Name | Title | Compensation | Date of data |
---|
Richard Chylla | Executive Director | $0 | 2023-02-17 |
Claudine R. Wispelwey | Director, Operations | $155,124 | 2020-09-24 |
Jill Simandl | Director of Finance | $0 | 2022-06-30 |
Robert Decker | Senior Patent Counsel | $207,767 | 2022-06-30 |
Joshua Mauldin | Director of Licensing | $117,996 | 2022-06-30 |
...and 9 more key personnel |
Financials for University of Virginia Licensing and Ventures Group
Revenues | FYE 06/2022 | FYE 06/2021 | % Change |
---|
Total grants, contributions, etc. | $0 | $0 | - |
Program services | $9,577,863 | $17,079,748 | -43.9% |
Investment income and dividends | $2,778 | $492 | 464.6% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $9,580,641 | $17,080,240 | -43.9% |
Organizations like University of Virginia Licensing and Ventures Group
Organization | Type | Location | Revenue |
---|
Norfolk State University Research and Innovation Foundation | 501(c)(3) | Norfolk, VA | $5,808,933 |
K-State Innovation Partners | 501(c)(3) | Manhattan, KS | $8,127,847 |
University of Iowa Research Foundation | 501(c)(3) | Iowa City, IA | $4,918,755 |
University of Akron Research Foundation (UARF) | 501(c)(3) | Akron, OH | $3,711,424 |
University of Rhode Island Research Foundation | 501(c)(3) | Kingston, RI | $8,986,945 |
University of Tennessee Research Foundation (UTRF) | 501(c)(3) | Knoxville, TN | $8,787,700 |
University of Arizona Applied Research Corporation | 501(c)(3) | Tucson, AZ | $5,237,080 |
Van Andel Institute Graduate School | 501(c)(3) | Grand Rapids, MI | $4,853,861 |
Academy Research and Development Institute | 501(c)(3) | Colorado Springs, CO | $9,299,403 |
KU CENTER for Technology Commercialization | 501(c)(3) | Kansas City, KS | $4,681,342 |
Data update history
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 16, 2023
Updated personnel
Identified 3 new personnel
June 12, 2023
Used new vendors
Identified 3 new vendors, including , , and
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
March 16, 2022
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsResearch centersHeadquarter / parent organizationsCharities
Issues
Science and technologyEducation
Characteristics
Conducts researchState / local levelTax deductible donations
General information
- Address
- 722 Preston Ave 107
- Charlottesville, VA 22903
- Metro area
- Charlottesville, VA
- Website URL
- lvg.virginia.edu/Â
- Phone
- (434) 924-2175
- Facebook page
- uvainnovationÂ
- Twitter profile
- @uvainnovationÂ
IRS details
- EIN
- 54-1045487
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1978
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B12: Education Fund Raising and Fund Distribution
- NAICS code, primary
- 5417: Scientific Research and Development Services
- Parent/child status
- Central organization
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