The Technology Transfer Office at the University of Vienna is a subdivision of the Research Services and Career Development department, which is responsible for the professional assistance and support of academic colleagues. Its main tasks include supporting scientists in raising third-party funds and managing large grants, exploiting and commercializing IP including negotiating collaborations with partners from industry, but also providing advice, support and training, especially for early stage researchers. The TTO advises and helps on and all options for technology commercialisation, whether by sale or licensing of materials or intellectual property, or by establishing a new company (start-up) based on the technology. Revenue generated is used for the University to invest in further research.