CSURF welcomes Richard Magid as Vice President for Technology Transfer

CSURF welcomes Richard Magid as Vice President for Technology Transfer

CSURF welcomes Richard Magid as Vice President for Technology Transfer

The Colorado State University Research Foundation (CSURF) is excited to announce that Richard Magid will be joining the team as the Vice President for Technology Transfer, starting May 5, 2022.


Richard comes to CSURF from the University of Tennessee Research Foundation (UTRF) where he served as a Vice President and Director of Technology Transfer for the University of Tennessee Health Science Center (UTHSC) for the past 12 years.  Under Dr. Magid’s leadership the technology transfer office at UTHSC doubled the volume of disclosures and deals executed and extensively used federal grants, state awards, and internal partnerships to support and build a robust startup culture.  Additionally, Dr. Magid created the first and only biomedical entrepreneurship course for UTHSC graduate and professional students.

Dr. Magid has a long association with technologies and innovation, starting with his double major in Chemical Engineering and Biology from the Massachusetts Institute of Technology.  From there, Richard moved on to receive his PhD in Biomedical Engineering from the Georgia Institute of Technology and completed a postdoctoral research fellowship at the University of Pennsylvania.  During this postdoctoral research, Richard was introduced to the field of technology transfer through an internship at the Center for Technology Transfer at University of Pennsylvania, which soon led to a position at UTRF.

When asked what inspires him to continue growing and innovating within the technology transfer discipline, Richard replied,

As a technology transfer leader, I embrace the core mission of academic technology transfer – moving ideas from lab to marketplace. I’ve seen the impact that our technologies can have in helping people’s lives when we get them into widespread use. The commercial and investment marketplaces for academic innovations are competitive and constantly evolving, and a modern technology transfer operation must be nimble and adaptive. I want CSURF to be recognized as a group that deeply understands how to evaluate, market, and license CSU innovations, a TTO that provides CSU and its faculty, staff and students with unfailing customer service, and a partner that industry and investors want to work with.”

“We are excited to welcome and celebrate the addition of Dr. Magid to our team,” says Dr. Ajay Menon, President and CEO of CSURF.  “Richard brings a strong background in technology transfer and a wealth of experience that will benefit and enhance the talents and experiences of current team.  Among his many successes at the UTHSC are the deployment of nearly $2 million to assist University of Tennessee start-ups, establishment of a maturation fund to support faculty discovery, and streamlined processes and procedures for faculty engagement with the UT Tech Transfer Office. I have high confidence that Richard‘s professional experiences and personal characteristics will maximize our interactions with and continue building bridges to Colorado State University System and its campuses.”


Innovation Symposium Showcase

Prior to beginning his role at CSURF in May, Richard is participating in the opening virtual seminar for CSU Demo Day, the technology transfer unit’s annual innovation symposium, on April 18th, 11:00 am -12:30 pm MDT.  Dr. Magid will be sharing the role of technology transfer in accomplishing the land-grant mission, with co-panelists Vice President for Research Dr. Alan Rudolph, Vice President for Strategy Jenelle Beavers, JD, and Vice Provost for Faculty Affairs Dr. Susan James.  

The opening seminar will highlight the Courageous Strategic Transformation’s focus on innovation and the efforts by each of these leadership units at Colorado State University to support and nurture innovation and entrepreneurship by the faculty, students, and staff of the University.  Learn more about the panel or register to attend HERE.


The Colorado State University Research Foundation (CSURF) is a 501c3 not-for-profit entity that services a multi-campus system, under guidance of the Colorado State University System.  This multi-campus system includes CSU Fort Collins, CSU Pueblo, CSU Global, and the newly developed CSU Spur campus at the National Western Center in Denver.  CSURF provides multiple services to the CSU System, including the protection of intellectual property and licensing functions that are the focus of the technology transfer unit, strategic real estate functions and advisory services, and an equipment financing program for CSU leadership-approved equipment needs.

AUTHOR

Sarah Hibbs-Shipp

All stories by: Sarah Hibbs-Shipp