URMC Appoints Two Executives to New Technology Transfer Positions
The University of Rochester Medical Center has appointed two senior executives to key technology transfer positions.
September 13, 2001
Mark C. Scheuerman has been named president and chief executive officer of the Rochester Technology Transfer Corporation (RTTC). The mission of the new, not-for-profit corporation is to help UR Medical Center researchers form new companies that will turn their discoveries into successful commercial products.
The Rochester Technology Transfer Corporation will have administrative offices at the Medical Center and corporate space for start-up companies at Rochester Technology Park. Once State funding is approved, additional staff with expertise in various aspects of business development will be hired to work with UR researchers to establish companies that will bring the new products to the marketplace. The RTTC will help the researchers develop business plans, secure venture capital, and recruit seasoned management and technical personnel to help grow the start-up companies into successful commercial ventures.
RTTC plans to lease approximately 20,000 square feet of space for its administrative staff in Building 6 at Rochester Technology Park, the former Kodak Elmgrove facility. In its lease, RTTC plans to include an option to incrementally lease up to an additional 200,000 square feet of space to house new start-up companies that emerge from the University.
“We expect that the pace of new companies being formed is going to increase as we continue to expand our biomedical research programs,” said Medical Center CEO Jay H. Stein, M.D. “It’s been clear to us that we need an organization like RTTC that will help us turn these start-ups into successful, mature companies. Mark Scheuerman’s expertise in economic development, particularly in the development of high-tech businesses, will be a tremendous asset to both the University and to the community.”
Scheuerman, 42, most recently served for five years as director of the Empire State Development Corporation in Rochester and the surrounding 9 county area of Western New York. The Empire State Development Corporation was created by Governor George Pataki to carryout economic development and business planning in New York State. In his role as director, Scheuerman was responsible for the business planning, commercialization and economic development of emerging high tech businesses, economic development zone ventures and large industrial manufacturers in Rochester, Monroe County and the surrounding 9-county area of Western New York. In 1998, under Scheuerman’s direction, the Empire State Development office in Rochester was the statewide leader in job creation, return on investment, fiscal impact, and leveraged resources creating over 3,000 jobs and $1.6 billion in private investment. Over the past three years, four new companies have been established to commercialize medical inventions or innovations made by UR researchers. They include VirtualScopics, Socratech, R-Tek Medical Systems, and Vaccinex.
Hunter Appointed Director, Medical Center Office of Technology Transfer Marjorie D. Hunter, Esq. has been appointed the Director of the newly created Office of Technology Transfer at the Medical Center.
Previously, all of the University’s technology transfer work had been handled through the Office of Technology Transfer located on the River Campus. The creation of this new office at the Medical Center doubles the University’s commitment to commercializing its researchers’ inventions.
The new office is responsible for managing the commercial aspects of intellectual property that is developed at the Medical Center. Hunter and her staff assists researchers in obtaining patent protection for inventions and innovations developed at the Medical Center. In addition, the office advises researchers on how a new invention or innovation should be commercialized – whether it should be licensed to an existing company, or whether a new company should be formed to develop the technology into a commercial product.
Hunter, a registered patent attorney, has nearly twenty years of experience in intellectual property matters and technology transfer. She joins the University of Rochester after serving as Senior Licensing Manager for the Technology Transfer Office at the University of Utah. She has served previously as a patent attorney for Amoco Corporation; Corporate Counsel for Baxter Diagnostics Inc./Baxter Healthcare Corporation; Senior Technology Licensing Specialist at the Office of Technology Transfer, National Institutes of Health; Director of the Technology Transfer Office, Centers for Disease Control and Prevention (CDC).
Marjorie received her BS in Honors Biology from the University of Illinois in 1978, and went on to earn her law degree at Pennsylvania State University in 1981.