5.1

UVA Licensing & Ventures Group (UVA LVG)

UVA Licensing & Ventures Group (UVA LVG) The Licensing & Ventures Group is the University of Virginia’s intellectual property management and innovation commercialization organization with a mission of maximizing the impact of UVA innovation assets. Founded in 1977 as a 501(c)3 UVA associated organization, UVA LVG works with faculty, staff, and students in four key areas: invention disclosure facilitation, patenting, licensing, and new venture creation. The organization also manages the $10 million UVA LVG Seed Fund to support new ventures emerging from the UVA portfolio. During the 2019 fiscal year, UVA LVG solicited and/or received 238 invention disclosures, executed 78 commercial transactions, launched 9 new companies, and issued 52 US patents.