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In 1997, IU established the Advanced Research and Technology Institute (ARTI), to handle all IU-related intellectual property, trademarks and business development activities. In 2007, the organization evolved into the Indiana University Research and Technology Corporation (IURTC). Over the past 20 years, these efforts have contributed to the establishment of the $10 million Innovate Indiana Fund and: Nearly 2,900 inventions disclosed by IU researchers across all campuses; More than 4,300 global patent applicants filed, and almost 1,100 global patents issued; and Nearly $140 million in licensing and related income distributed to IU campuses, departments and laboratories, pursuant to the IU Intellectual Property Policy. The IURTC, now operating as IU Ventures, is addressing these objectives through the establishment and management of the Quarry, the IU Philanthropic Venture Fund, the Innovate Indiana Fund and the IU Angel Network. The Innovate Indiana Fund (IIF) was established in 2010 to support innovation at IU and has been fully invested over the past 9 years. Investments range from $100k to $1M depending on the stage of company, size of the round and the investment case.
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