History
UChicagoTech takes over the responsibilities of ARCH Development Corporation.
ARCH Development Corporation was founded in 1986 as a wholly-owned not-for-profit affiliate of the University of Chicago, charged with handling all of the University's intellectual property and technology commercialization matters. This remit also extended to Argonne National Laboratory, which the University of Chicago runs for the U.S. Department of Energy. ARCH Development's mission included an explicit dedication to new venture formation as a primary mechanism of technology commercialization, as well as to building a strong technology licensing program.
In 1994, some of the management of ARCH Development Corporation left to form ARCH Venture Partners. ARCH Venture Partners has become a venture fund of national prominence. While the University of Chicago has cordial relations with AVP, there is no official affiliation.
In July of 2001, some of the management of ARCH Development Corporation left to form as ARCH Development Partners. Again, while the University of Chicago has cordial relations with ADP, there is no official affiliation.
Based on the finding of two faculty committees, UCTech was established in July 2001 to handle the business of ARCH Development Corporation and all ongoing intellectual property and technology commercialization matters. The name was changed from UCTech to UChicagoTech in November, 2006. UChicagoTech is an office operating from within the University and reports directly to the Vice President for Research.
