Engaging in Open Innovation with Industry
Wake Forest Innovations accelerates the journey from discovery to commercialization so that important scientific discoveries can become life-improving realities.
- We help transform the ideas, discoveries and inventions of our scientists and clinicians into valuable proprietary technologies and license these to industry.
- We help industry to research and develop its own discoveries by providing open access to the intellectual, clinical and research capabilities of Wake Forest.
Through open innovation with industry we improve health by transforming ideas, discoveries and inventions into valuable health care products.
Innovation Begins with an Idea and Succeeds Through Collaboration
Wake Forest Innovations advances the mission of Wake Forest Baptist Medical Center to improve health care globally through academic, clinical and research excellence by investing in the innovative potential of our academic and clinical communities. By helping to translate ideas and discoveries into valuable commercial products, we work with our partners in industry, government, the financial community and other universities to create the health care innovations and sustainable companies of tomorrow.
Product Innovation and Commercialization Services
Product Innovation & Commercialization Services stimulates and invests in the creation of innovation technology, products and services, and licenses these to existing and start-up companies. This group proactively engages researchers to facilitate product ideation, invention disclosure, intellectual property protection and business planning. Product Innovation & Commercialization Services also financially supports researchers through prototyping and proof of concept studies to translate nascent discoveries into commercially viable products.
The group’s commercialization team is responsible for technology and product licensing to established companies, and it also assists in capital formation, incubation and early development of start-up companies, including those that can locate at Wake Forest Innovation Quarter.
Contract Research & Development Services
Contract Research & Development Services structures, promotes and contracts Wake Forest Baptist Medical Center’s scientific assets to partners under competitive terms. The group directly manages Preclinical Translational Services, which offers surgical services for medical device and procedure testing, and therapeutic testing services. It also manages the Center for Applied Learning, a core learning laboratory at Wake Forest Baptist Medical Center that provides experiential, immersive learning services for faculty and partners.
Innovation Quarter Services
Innovation Quarter Services focuses on the continued growth and development of Wake Forest Innovation Quarter as a vibrant, knowledge-based community where people can work, live, learn and play. This group engages in outreach and support to the entrepreneurial community through tenant support, concierge services and space activation programs, and provides the dry-lab and wet-lab incubator space for start-up companies.