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Last modified: Monday, January 10, 2011

Tony Armstrong elected to board of directors for University Economic Development Association

FOR IMMEDIATE RELEASE
Jan. 10, 2011

INDIANAPOLIS -- Tony Armstrong, president and CEO of the Indiana University Research & Technology Corp., was elected recently to the board of directors for the University Economic Development Association.

Tony Armstrong

Tony Armstrong

Print-Quality Photo

The UEDA is a national organization that serves institutions of higher education and their economic development affiliates. It focuses on universities' roles in economic development and provides a forum for a diverse membership, with the common goals of enhancing enterprise competitiveness and community wealth.

Armstrong, also associate vice president for engagement at IU, has led the IURTC since 2008 and is involved in new business incubation, licensing of IU discoveries, and economic development outreach across Indiana. In the last fiscal year, licensing revenues for commercializing IU technologies more than doubled to $14.2 million. Faculty invention disclosures and patent applications have increased, as well.

Armstrong was elected to the board of directors at the association's annual meeting in Nevada and will serve during 2011. Several other board members were elected along with a new UEDA vice-president.

About the IU Research & Technology Corp.

The mission of the IURTC is to commercialize the research of IU faculty, staff and students and to support technology-based economic development throughout Indiana and the nation. IURTC is dedicated to enhancing the research and development capability of Indiana University, creating new Indiana-based companies and providing support for entrepreneurial development.

For more information about the IURTC, contact Rebecca Carl at 317-321-1446 and rebcarl@indiana.edu or visit http://innovate.indiana.edu/iurtc/. For more information about the University Economic Development Association, visit www.UniversityEDA.org.