U of M hires executive director for the Office for Technology Commercialization Contacts: Bruce Erickson, Office of the Vice President for Research, (612) 625-2354 Mark Cassutt, University News Service, (612) 624-8038 |
MINNEAPOLIS / ST. PAUL ( 4/11/2007 ) -- University of Minnesota Vice President for Research Tim Mulcahy today announced the hiring of Jay Schrankler as executive director of the University of Minnesota's new Office for Technology Commercialization. Schrankler will begin his appointment on April 16. The Office for Technology Commercialization oversees all aspects of technology commercialization at the University of Minnesota through the Licensing Center, which manages patent and licensing functions, and the Venture Center, which assists in the creation of university-based start-up companies. "Jay brings a wealth of technology commercialization experience and knowledge to the university," said Mulcahy. "As executive director, he will help us revitalize our technology transfer program to be more responsive, responsible and productive." "I'm excited for this opportunity to work on the university side of research commercialization and build upon the university's strong tradition of discovery and innovation," said Schrankler. "I intend to strengthen partnerships with the faculty and the business community through a user-friendly process that supports the research effort and adds value to the university." Schrankler joins the university after more than 25 years at Honeywell, where most recently he led the intellectual property licensing and marketing efforts of Honeywell's $11 billion global automation and control products business. He received a bachelor of science degree from the Institute of Technology at the University of Minnesota, earned his master of science degree from the University of Wisconsin and has completed executive and management programs at Harvard University and UCLA. ---------- | 
