Once established, companies will then be eligible for additional funding through the federal SBIR program. It is envisioned that Spinner Technologies will help form 30 to 60 companies within the first five years. The plan for Spinner Technologies directly supports the University's goal of achieving excellence in the field of science and technology, one of the four Virginia 2020 initiatives. This project is experimental. Equity investment in new business ventures .
Royalty returns on patents .
The Patent Foundation will still maintain the intellectual property rights on inventions and discoveries initiated at the University. Rental income at facilities owned by the University or its Real Estate Foundation . The business model assumes that as companies grow and develop they would occupy space at one of the research parks. Economic development of the surrounding community . A hoped-for indirect effect, as companies developed by Spinner Technologies prosper they will create numerous job opportunities.