2024 Annual Report

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Student Engagement

The Office of Technology Management at the University of Illinois plays an instrumental role in moving the innovations that result from university research into public use by protecting and licensing university intellectual property. The OTM has played a critical role in fostering entrepreneurship and innovation by supporting 65 active startups that were founded on University of Illinois Urbana- Technology Transfer

Champaign IP, with 42 of these startups located within Illinois. These startups have created jobs, attracted investment, and helped to drive economic growth in the state. The OTM’s work has not only benefited the University of Illinois but has also contributed significantly to the Illinois economy, making it a vital component of the state’s innovation ecosystem.

7,777 unique employers posted 169,718 jobs/internships in handshake 92 of the Fortune 100 companies recruited through Handshake and/or career fairs 90% secured a first destination after graduation

1,073 unique employers participated in career fairs 18,125 students attended career fairs $75K average salary reported by full- time employed bachelor’s degree graduates across the university

688 Total inventors on 2024 Disclosures $5,421,826 in Revenue 42 65

42 active startups in Illinois (founded on University of Illinois IP)

active startups founded on University of Illinois IP

77 Issued U.S. Patents

210 U.S. Patent Applications

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