University of Utah Establishes Partners for Innovation, Ventures, Outreach & Technology (PIVOT) Center as Lead for Innovation and Economic Engagement
President Ruth V. Watkins is pleased to announce that the University of Utah has formed the Partners for Innovation, Ventures, Outreach & Technology (PIVOT) Center, a centralized office that will drive the U’s expanding efforts for economic engagement for the greater Utah community. The new office builds on the work by the Center for Technology & Venture Commercialization (TVC), to serve as a hub to foster partnerships between industry, university and government entities. This effort formalizes the U’s commitment to increase its impact on Utah’s economy by catalyzing innovation.
As a crucial foundation for PIVOT Center, operations previously led by TVC will continue to assist the U’s faculty inventors in bringing their innovations to market by spearheading all aspects of invention management, patent prosecution, licensing, startup formation and support, equity management and early stage funding. The new office leverages these existing resources and will hire new staff to oversee economic development and corporate engagement as well as to elicit feedback from internal and external stakeholders to improve how the U addresses their needs.
Keith Marmer, who has served as the executive director of TVC and corporate partnerships for the past four years, will lead PIVOT as chief innovation and economic engagement officer for the U. He will report directly to the president in his new capacity. Marmer’s strong leadership skills come from 30 years of experience as an entrepreneur, executive and investor. He has personally launched and scaled four companies as well as helped entrepreneurs raise more than $1 billion in investment capital. Marmer’s passion for innovation has helped countless ideas get the momentum they need to succeed. During the course of his career, Marmer has overseen the creation of more than 100 companies. Since joining the U, Marmer has helped transform the culture of commercialization, rolled out three accelerators,