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Georgia Tech Research Corporation

RESEARCH
GEORGIA TECH RESEARCH CORPORATION

Founded in 1937, the Georgia Tech Research Corporation (GTRC) is a state chartered not-for-profit corporation serving Georgia Tech as a University System of Georgia approved cooperative organization. By charter, GTRC “… shall be operated exclusively for scientific, literary and educational purposes . . . conduct laboratories, engage in scientific research, and distribute and disseminate information resulting from research. ” GTRC is an IRS section 501(c)(3) not-for-profit organization and is located on campus in the Research Administration Building at 505 Tenth Street. Georgia Tech Applied Research Corporation (GTARC) serves as the contracting entitiy for the Georgia Tech Research Institute (GTRI).  GTARC is an IRS section 501(c)(3) not-for-profit organization and is co-located with GTRC.

GTRC serves as the contracting agency for all of the sponsored research activities at Georgia Tech. The Research Corporation, since its founding, has received some 72,596 contracts for a total value of over $9.79 billion. It also licenses all intellectual property (patents, software, trade secrets, etc.) created at Georgia Tech. At the end of the fiscal year, GTRC held over 1,057 U.S. patents on behalf of Georgia Tech and had 481 active license agreements with companies to commercialize Georgia Tech technologies. Licensing efforts over the past 23 years have resulted in the formation of over 180 start-up companies using technologies developed at Georgia Tech. All funds collected by GTRC are used to support various Georgia Tech programs requested by the Institute and as approved by the GTRC Board of Trustees. In addition to paying for sponsored research costs, license and royalty fees, and all corporate operating expenses during Fiscal Year 2015, GTRC provided more than $15.7 million to Georgia Tech in the form of grants and funded support programs. Additionally, GTRC assists Georgia Tech in obtaining quality research space, enters into long-term leases for specialized research equipment, and conducts other research support programs as requested by the Institute.

 Table 8.4   Revenues, Fiscal Years 2014 and 2015

Revenue 20142015
Sponsored Research$603,742,261$642,135,023
License and Royalty2,337,8681,818,803
Investment & Other160,408140,693
Total Revenue$606,240,537$644,094,519

 Table 8.5  Grants and Funded Support Programs, Fiscal Year 2015

SupportAmount
Research Operations
Equipment, facilities, matching grants$4,000,000
Contingency and liability support5,558,603
Total$9,558,603
Research Personnel, Recruiting, and Development
Senior research leadership/incentive grants$850,591
Licensing3,088,503
Ph.D. support and tuition assistance programs298,101
Foreign travel and professional society support13,398
Promotional expenses/Research Association Dues1,237,098
New faculty moving expenses361,561
Faculty and staff recognition/awards program260,528
Total$6,109,780
Total Support$15,668,383

 Table 8.6   Sponsored Research Contracting Operations, Fiscal Years 2014 and 2015

 20142015
Proposals submitted3,4833,484
Dollar Value$1,910,113,100$1,946,822,154
Proposals outstanding3,7853,545
Dollar Value$3,768,467,133$2,408,328,294
Contracts Awarded3,5083,455
Dollar Value$688,162,034$648,173,810

Source: GTRC Vice President and General Manager