UA and the Office for Research & Economic Development are committed to enhancing the economic well-being of the state and the region. Our efforts focus on addressing the economic development needs of distressed and rural communities; building resource teams and programs around community development needs; and providing leadership that develops nontraditional and new mechanisms for economic development. The University’s efforts to encourage and foster entrepreneurship are growing the number of start-ups and future inventors for state, regional and national economies.
The Alabama Innovation and Mentoring of Entrepreneurs center (AIME) helps University of Alabama faculty, staff and students make their ideas, inventions and innovations commercially successful for the benefit of the University, the economy and society.
The University of Alabama’s Economic Development Academy, launching in 2016, will prepare the next generation of economic development leaders as well as those partners that influence a community’s competitiveness. The Economic Development Academy is established to ensure that Alabama economic development agencies have prepared professionals, supportive elected officials and robust communities to lead us through the next decades.
The mission of the Office for Technology Transfer (OTT) is to effectively manage and deploy the intellectual property assets of the University. OTT is primarily responsible for commercializing the innovations generated by UA faculty, staff, and students, either through licenses to industry partners or via the formation of spin-off enterprises based on UA IP.