Education
University Of Virginia Licensing & Ventures Group
CHARLOTTESVLE, VA
Total revenue
$11.4M
Total expenses
$11.4M
Net assets
$1.6M
Grants received
$250K
1 grants
EIN
541045487
Tax year
2024
Mission
The principal activity of the foundation is to support the university's 2030 plan to become a "great and good university and to "enable discoveries that enrich and improve lives" via commercialization of university research and intellectual property. This activity includes supporting the university's industry and translational research initiatives; performing due-diligence on solicited and disclosed intellectual property; preparing and filing patent applications, copyrights, and trademarks; engaging in business development; negotiating and executing license agreements; supporting new venture creation; investing in uva portfolio companies; monitoring compliance; and distributing income.
Programs
3 programs
Licensing: the licensing department evaluates, markets, and licenses inventions. During the fiscal year ended 2025, lvg solicited 168 invention disclosures from uva faculty, staff, and student inventors and executed 91 commercial transactions.
New ventures: uva lvg provides resources and expertise to support the entrepreneurial and investment process. During the fiscal year ended 2025, lvg helped launch 8 new ventures. Additionally, lvg manages an innovation fund, which is comprised of seed funding and venture funding, in collaboration with the university of virginia and the university of virginia health system.
Other program services: lvg provides a variety of other programs, generally at the request of uva.
Financials
FY 2024
Revenue
Expenses
People
19 listed
RICHARD CHYLLA
EXECUTIVE DIRECTOR
$406K
40 hrs/wk
ROBERT DECKER
BOARD SECRETARY, SENIOR PATENT COUNSEL
$236K
40 hrs/wk
JILL SIMANDL
DIRECTOR OF FINANCE AND OPERATIONS
$170K
40 hrs/wk
JOHN LAZO
DIRECTOR
—
1 hrs/wk
PAUL MICHEL
DIRECTOR
—
1 hrs/wk
RONALD NEWBOLD
VICE CHAIR
—
1 hrs/wk
RICHARD TADLER
DIRECTOR
—
1 hrs/wk
MICHAEL LENOX
DIRECTOR
—
1 hrs/wk
KWAME ULMER
TREASURER
—
1 hrs/wk
JENNIFER WEST
DIRECTOR
—
1 hrs/wk
JEFFREY MARTENS
DIRECTOR
—
1 hrs/wk
LORI MCMAHON
DIRECTOR
—
1 hrs/wk
FRED EPSTEIN
DIRECTOR
—
1 hrs/wk
PETER GRANT II
CHAIR
—
1 hrs/wk
ERIK HEWLETT
DIRECTOR
—
1 hrs/wk
ROBERT CREEDEN
DIRECTOR OF UVA LVG SEED FUND
$257K
40 hrs/wk
JOSHUA MAULDIN
DIRECTOR OF LICENSING
$164K
40 hrs/wk
JONATHAN RUDD
LICENSING MANAGER
$113K
40 hrs/wk
CORTNEY MUSHILL
LICENSING MANAGER
$105K
40 hrs/wk
Independent contractors
BUCHANAN INGERSOLL & ROONEY PC
OUTSIDE PATENT COUNSEL
JENKINS TAYLOR & HUNT PA
OUTSIDE PATENT COUNSEL
THOMAS HORSTEMEYER
OUTSIDE PATENT COUNSEL
SCHWEGMAN LUNDBERG & WOESSNER PA
OUTSIDE PATENT COUNSEL
POTOMAC LAW GROUP PLLC
OUTSIDE PATENT COUNSEL
Grants received
Showing 1 of 1
Funded by
$250K from 1 funder · 1 grant · 2023
$250K · 1 grant · 2023