AUBURN UNIVERSITY – Doug Warrington has been named the director of business development in the Office of Technology Transfer at Auburn University, effective June 25.
Warrington has a broad business development background, having held management and executive positions for several large and small biotechnology companies across the country in markets from software to agriculture. He has a technical background with an undergraduate degree in agriculture from the University of Delaware as well as a business background with an Executive MBA from Auburn University. His experience working with start-up ventures has honed his strategic planning skills and ability to develop complex business strategies.
“We are exceedingly pleased to have Doug as a member of our team in the Office of Technology Transfer,” said John Weete, assistant vice president for technology transfer and commercialization. “He has the experience and skill set to move our new commercialization initiative forward. ”
The Office of Technology Transfer is responsible for managing the intellectual property portfolio for the University. The office assesses, protects through patenting and copyrighting and markets and licenses discoveries by university faculty and students. Also, the office facilitates the commercialization of intellectual properties by licensing them to established or start-up companies.
The purpose of the new commercialization initiative is to focus on forming more start-up companies based on Auburn-owned technologies. There are 15 start-up companies formed and currently in operation based on Auburn technologies.
“Warrington will work closely with the Auburn Research and Technology Foundation in facilitating the formation of start-up companies,” said Weete, executive director of the foundation. “His work will involve working closely with faculty and student inventors, forming management teams, assisting with business plan development and identifying sources of investment capital. We hope that many of the new companies will locate initially in the Auburn Business Incubator that is located in the Auburn Research Park, both of which are managed by the ARTF, thus creating jobs and providing opportunities for our graduates locally.”
The Auburn Research and Technology Foundation is a university-affiliated, non-profit corporation formed to support the mission of Auburn University, particularly in research and economic development. Auburn University and the foundation are working together to advance the commercialization of Auburn technologies.