​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ Universities are major sources of fundamental knowledge underlying the new products and processes essential to economic competitiveness. Technology transfer, the process whereby university research may be put to public use and/or commercial application, is ​an important aspect of the service mission of a public university.​ The Office of the Chancellor provides comprehensive technology transfer information to students, faculty, and other personnel, that includes the commercialization of products, obtaining revenue, and the rights and responsibilities of all parties at the universities.