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Economic Value Creation


​Innovative ideas have to be protected. When scientists publish their ideas before the Intelectual Proprerty Rights (IPR) are recorded, no financial incentives can be generated out of it and no (medical) product can be developed for the benefit of the society. To assist in all steps of transferring knowledge generated at the UMCG and RUG to companies and society, by initiating collaborations and licensing opportunities, several initiatives work together:

  1. Business Generator Groningen
  2. CVO - Consortium for Valorisation and Entrepreneurship
  3. Healthy Ageing Campus Groningen  

These Initiatives are part of a collaborating network to support Valorisation and Entrepreneurship. Please check "Related Information" at the end of the page for additional information on the initiatives.

Business Generator Groningen

The Business generator, in collaboration with "Research and Valorisation" (RuG), provides support to researchers to evaluate their scientific results en to record IPR, making it a guarantee for innovation.

Employees of the Business Generator Groningen:

  • provide information on all IPR
  • advise on applications for patent
  • support during the complete patent application process
  • provide adequate agreements

To create economic value out of the generated scientific knowhow the Business Generator Groningen can also connect the UMCG researchers to several other initiatives that facilitate this process. More information.

Consortium for Valorisation and Entrepreneurship (CVO)

The Business Generator and R&V are partner in the Consortium for Valorisation and Entrepreneurship (CVO) Groningen. CVO stimulates valorisation and entrepreneurship at three levels: through education and start-up support, through stimulating public private partnerships and through screening and scouting of innovative ideas.

The heart of the Center is formed by three knowledge institutions – Hanze University of Applied Sciences Groningen, the University Medical Center Groningen and the University of Groningen. Other partners closely involved in the CVO include the city and province of Groningen, NOM, the Rabobank, FrieslandCampina, Triade, Samenwerkende Bedrijven Eemsdelta and over 50 SMEs.
The CVO is for the period 2011-2017 financed by the Groningen partners (€ 10 million), and the valorisation programme of the Ministry of EL&I (€ 5 million).  2011-2016.  With these investments and with the active participation of the SME’s, the CVO will in the next few years give a strong qualitative and quantitative impulse to the regional economy through targeted valorisation (converting knowledge into economic or social value). In addition, a great deal of effort will go into strengthening education related to knowledge-intensive entrepreneurship. ​More information.

Healthy Ageing Campus Netherlands

Northern Netherlands is going to become a “living lab” for the healthy development ranging form newborn to centenarian. The Healthy Ageing Campus Nethelands provides the umbrella that brings together all the facilities, enterprises and researchers in and connected with the UMCG in the field of Food & (e)Health, Biomedical Technology and Pharma. More information.