Company Profile
Office of Technology Transfer
Company Overview
Emory University, a top-ranked private institution recognized internationally for its outstanding liberal arts colleges, graduate and professional schools, and one of the world's leading health care systems. This includes the Woodruff Health Sciences Center (including schools of medicine, nursing, public health, a NCI comprehensive cancer center, and a national primate research center) and a shared biomedical engineering department with GA Tech; as well as unique resources like the Emory Institute for Drug Development (EIDD) and Drug Innovation Ventures at Emory (DRIVE). As a leading research university, Emory is one of only 65 universities in the Association of American Universities (AAU). In 2019 the university was awarded $689.1 million in research funding, with $451 million in federal funding and $73 million in corporate funding.
With a diversity of research activities and considerable research funding there is a sustained drive for discovery at Emory and therefore lots of activity in the technology transfer office. Emory’s Office of Technology Transfer (OTT) is fortunate to have a product pipeline that rivals many biotech and pharma companies with more than 50 products on the market, including the game changing antiretrovirals for HIV that more than 90% of U.S. patients take. In particular, two groups that make us unique comparted to many TTOs is our Emory Patent Group (EPG) and our Industry Contracting Group (ICG). The EPG is our internal law firm that handles patent prosecution for unlicensed technology. The ICG executes all agreements with industry partners, including clinical trial agreements, research agreements, STTR/SBIR, and confidentiality agreements. As a whole OTT executes more than 2,300 agreements each year, prosecutes an in-house portfolio of over 2,000 patents, and manages over 1,700 disclosures.
Lastly, is our highly successful start-up portfolio of more than 100 companies, with over 60% still active and the source of 80% of our products one the market. These companies have raised over $2 billion in private investment (25 companies from venture capital), $512 million in public investment (13 companies went public), and $14.2 billion from mergers & acquisitions (16 companies merged or acquired).
Company History
The Methodist Episcopal Church founded Emory College in 1836 in the small Georgia town of Oxford. The founders named the town for the school's prestigious British cousin, and named the school for a bishop who dreamed of an American education that molded character as well as the mind.
The little school struggled for decades, and finally began to prosper in the late 1800s. By 1914, the Methodist Church was looking to create a university in the South, and Emory College was looking to expand.
Asa Candler, founder of The Coca-Cola Company, wrote the "million-dollar letter" to offer seed money, and he sweetened the deal by donating land in Atlanta. Emory University received a DeKalb County charter to build at its present location in 1915. The soft drink company president's brother was Emory alumnus and former president, Methodist Bishop Warren Candler, who returned to serve as its first chancellor on the new campus.
The Atlanta-based Coca-Cola Company has given rise to family fortunes for the Candlers, the Woodruffs, the Goizuetas and others who have been extraordinarily generous to Emory. The philanthropy of these and other donors has enabled Emory's growth and empowered its ambition to become one of the nation's leading universities. It's unofficially considered poor school spirit to drink other soda brands on campus.
Benefits
Emory University benefits for staff can be found on the Human Resources website here: https://hr.emory.edu/eu/benefits/faculty-staff/index.html.