Faculty-associated startup companies (“startups”) are both opportunities and challenges for Yale. Yale has had a long history of entrepreneurial activity by faculty, students, staff and alumni and the university is, in general, supportive of its entrepreneurs.
On the other hand, Yale is an institution of public trust, with education and research as its mission, and a requirement to maintain openness in research. Therefore, entrepreneurial activity must be balanced by careful review of the proposed relationships, which may or may not be allowed. These relationships may require active management to assure openness in research, academic freedom for trainees, and clear understanding about how conflicts of interest are to be managed.
Yale is committed to avoiding either perceived or actual conflict of interest issues with respect to faculty startups. Both Yale and its faculty members have responsibilities to optimize technology transfer and mitigate COI when licensing Yale IP to a startup is considered.