Welcome to Technology Innovation and Economic Development
Technology Innovation and Economic Development serves the faculty, staff, and students of JMU by helping to identify and promote innovations developed at the university. James Madison Innovations, Inc. (JMI) serves as JMU’s affiliated entity for licensing inventions, ensuring effective commercialization of the innovation with a high level of service to the inventor.
Our mission is to promote innovation, enhance research by connecting inventors and the business community, and foster economic development through protecting and commercializing intellectual property. Commercialization success supports future research and innovation development endeavors. While technology transfer functions are required under federal law from federally funded inventions, our work exemplifies two of the university's Core Values of Enaggement and Innovation by creating partnerships with the business community and supporting faculty research related to entrepreneurship, technology, commercialization and new venture formation and growth. Additionally, the revenues generated support more research and innovation for university departments and colleges. Rewarding our inventors motivates them to solve real-world problems.
Our services to innovators include: education on the intellectual property protection process and prior art search, patent applications, competition analysis, and connections to business planning functions such as market analysis, business plan development, and negotiation of licensing agreements.