Georgia Tech Research Corporation

Founded in 1937, the Georgia Tech Research Corporation (GTRC) is a state chartered not-for-profit corporation serving Georgia Tech as a University System of Georgia approved cooperative organization. By charter, GTRC “... shall be operated exclusively for scientific, literary and educational purposes . . . conduct laboratories, engage in scientific research, and distribute and disseminate information resulting from research. ” GTRC is an IRS section 501(c)(3) not-for-profit organization and is located on campus in the Research Administration Building at 505 Tenth Street. Georgia Tech Applied Research Corporation (GTARC) serves as the contracting entity for the Georgia Tech Research Institute (GTRI). GTARC is an IRS section 501(c)(3) not-for-profit organization and is co-located with GTRC.

GTRC serves as the contracting agency for all of the sponsored research activities at Georgia Tech. The Research Corporation, since its founding, has received some 76,218 contracts for a total value of over $10.50 billion. It also licenses all intellectual property (patents, software, trade secrets, etc.) created at Georgia Tech. At the end of the fiscal year, GTRC held over 1,137 U.S. patents on behalf of Georgia Tech and had 595 active license agreements with companies to commercialize Georgia Tech technologies. Licensing efforts over the past 24 years have resulted in the formation of over 180 start-up companies using technologies developed at Georgia Tech. All funds collected by GTRC are used to support various Georgia Tech programs requested by the Institute and as approved by the GTRC Board of Trustees. In addition to paying for sponsored research costs, license and royalty fees, and all corporate operating expenses during Fiscal Year 2016, GTRC provided more than $15.2 million to Georgia Tech in the form of grants and funded support programs. Additionally, GTRC assists Georgia Tech in obtaining quality research space, enters into long-term leases for specialized research equipment, and conducts other research support programs as requested by the Institute.

 Revenues, Fiscal Years 2015 and 2016

Revenue  2015 2016
Sponsored Research $642,135,023 $654,676,598
License and Royalty 1,818,803 1,155,053
Investment & Other 140,693 161,020
Total Revenue $644,094,519 $655,992,671

 Grants and Funded Support Programs, Fiscal Year 2016

Support Amount
Research Operations
Equipment, facilities, matching grants $4,000,000
Contingency and liability support 4,903,170
Total $8,903,170
Research Personnel, Recruiting, and Development
Senior research leadership/incentive grants $1,052,540
Licensing 2,809,759
Ph.D. support and tuition assistance programs 328,909
Foreign travel and professional society support 11,245
Promotional expenses/Research Association Dues 1,465,142
New faculty moving expenses 515,795
Faculty and staff recognition/awards program 127,915
Total $6,311,305
Total Support $15,214,475

 Sponsored Research Contracting Operations, Fiscal Years 2015 and 2016

  2015 2016
Proposals submitted 3,484 3,718
Dollar Value $1,946,822,154 $2,371,719,832
Proposals outstanding 3,545 4,222
Dollar Value $2,408,328,294 $2,818,346,395
Contracts Awarded 3,455 3,622
Dollar Value $648,173,810 $718,980,997

Source: GTRC Vice President and General Manager