Case Western Reserve University President Barbara R. Snyder announced today that Mark E. Coticchia, Vice President for Economic Development, Industrial Research and Technology Management, has resigned, effective April 1.
“Over the past decade, Mark built our technology transfer office into an operation renowned nationally for its success,” President Snyder said. “He also played a key role in developing an innovation infrastructure within the greater Cleveland community. I am grateful for his extraordinary contributions, and wish him all the best in his next professional venture.”
Coticchia plans to launch his own independent company to provide products and services for technology transfer, venture development and economic growth to universities, hospitals, governments, and private institutions.
“I am proud of our accomplishments, and confident that Case Western Reserve is well-positioned to continue to make groundbreaking discoveries and then take them to market,” Coticchia said. “One of the key lessons of our work is the inextricable connection between higher education and entrepreneurship in advancing economic progress. I look forward to assisting others in applying these ideas.”
Since Coticchia arrived in 2001, the university has created 29 spin-off companies that have attracted more than $200 million in venture capital. In 2008-2009, the university secured $16.3 million in licensing revenues, a new record for the university and the sixth-highest performance among more than 100 peer institutions. In 2008, Coticchia’s success here led Chancellor Eric Fingerhut to ask him to serve as a senior economic development adviser to the state’s public universities and colleges. For one year, Coticchia split his time between the university and the Ohio Board of Regents, developing statewide strategy for institutions to contribute more effectively to the economic success of their communities. In this role, he worked closely with the Ohio Department of Development, educating its staff and academic leaders regarding potential synergies within their efforts.
Within this area, Coticchia is a member of the boards of BioEnterprise and JumpStart. He is an widely recognized as a leader in technology commercialization, including designation as international expert with the United Nations World Intellectual Property Organization.
Before coming to Case Western Reserve, Coticchia served as Senior Director of Redleaf Group, Inc., an early stage venture capital firm. He previously worked as Director of Technology Transfer at Carnegie Mellon University.
Posted by: Emily Mayock, February 23, 2011 01:00 PM | News Topics: Technology Transfer
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