IURTC History

The Indiana University Research and Technology Corporation, Inc. (IURTC), formerly known as ARTI (Advanced Research & Technology Institute) was founded by Indiana University in 1997 as a 501(c)3 corporation, an affiliate of IU.  IURTC was formed to handle all IU Intellectual Property, Trademarks and Business Development activities. IURTC was also formed to hold equity in corporations as part of licensing deals, due to the difficulty of IU holding equity positions.  IURTC has a contract with Indiana University for the functions of Technology Transfer, the former Industrial Research Liaison Program (IRLP), Licensing and Trademarks, Corporate Development, Kelley Executive Partners (KEP) and the IU Research Park.

IURTC was initially located in the IU Research Park in Bloomington, and was composed of the Office of Technology Transfer, IRLP, the Licensing and Trademarks Office, the Office of Corporate Development and later added KEP. Doug Wilson was the first President (1997-1999).  Ron Henriksen became President in 1999 and IURTC moved to Indianapolis in 1999.  On July 1, 1998, the IRLP function was moved under the VP of Research.  IURTC began efforts in 1997 to turn the Midwest Proton Radiotherapy Institute (MPRI) located in the IU Cyclotron Facility in Bloomington into a separate business.  MPRI is a cancer treatment facility primarily for the treatment of inoperable head and neck tumors, pediatric tumors, and prostate cancer. It will be one of three such facilities in the U.S.

Mark Long became the third President of IURTC in February 2002.  In July of 2002, IURTC purchased a building with the assistance of the IU Foundation.  This building would become the Indiana University Emerging Technologies Center (IUETC), a biotechnology business incubator dedicated to forming and nurturing new businesses in the life and health sciences. The building construction began on Jan. 1, 2003; the first tenants, and IURTC, moved in on March 1, 2003.  The building was completed on September 1, 2003.  Currently 21 tenants are in the IUETC and there are 4 applications in process.  The dedication ceremony for the building was held on May 19, 2003.

IURTC continues to make progress in licenses and revenues received; the trend over the last year has been to double the number of licenses written with a 60% increase in revenue.  IURTC has 7 full-time licensing employees in the Office of Technology Transfer, last in the Big 10; however, we are 5^th in revenues received. IURTC employee totals are 9 in Technology Transfer, 5 in Corporate Development/Administration and 2 in Licensing and Trademarks. Our annual budget is $2.4M.  Additionally, the 14 employees of KEP are under IURTC; the 28 employees of MPRI were under IURTC until late 2004.  The administrative staff of IURTC manages the IUETC.  The President of IURTC also serves as President of the IUETC and was the CEO of MPRI until April of 2005.