The Association of University Technology Managers (AUTM) was founded in 1974 as the Society of University Patent Administrators to address a concern that inventions funded by the U.S. government were not being commercialized effectively. AUTM now provides professional development and networking opportunities for technology transfer professionals and from similar organizations worldwide.
Academic technology transfer serves to:
- Facilitate the commercialization of research results for the public good
- Reward, retain, and recruit faculty
- Induce closer ties to industry, and
- Generate income and promote economic growth.