Summit Venture Studios (SVS), a venture studio focused on commercializing novel faculty inventions via university tech transfer offices across the U.S., announced today that it has licensed KalyLabs, a powerful software that enables universities to manage, track, and bill for services provided by their research facilities and equipment. KalyLabs was founded at the University of Utah, where it has been successfully deployed by several academic departments.
LEHI, Utah, June 14, 2023 /PRNewswire-PRWeb/ -- Summit Venture Studios (SVS), a venture studio focused on commercializing novel faculty inventions via university tech transfer offices across the U.S., announced today that it has licensed KalyLabs, a powerful software that enables universities to manage, track, and bill for services provided by their research facilities and equipment. KalyLabs was founded at the University of Utah, where it has been successfully deployed by several academic departments.
With KalyLabs, institutions of higher education can easily manage their research facilities, maximize their resources, and generate revenue using their equipment. The software provides a comprehensive solution that covers everything from scheduling and tracking equipment usage, to billing and invoicing. By automating many of the manual tasks associated with managing research facilities, KalyLabs frees up staff time, reduces errors, maximizes revenue, and enhances student learning through streamlined external partnerships.
"KalyLabs is an exceptional tool that enables institutions of higher education to increase revenue and optimize their research facilities and equipment," said Taylor Bench, managing partner at Summit Venture Studio. "We are excited to work with the KalyLabs team to expand the reach of this software and bring its benefits to more universities and research institutions across the U.S."
KalyLabs was developed by a team of experienced software developers and researchers at the University of Utah who understand the unique challenges faced by academic institutions. The software is highly tailored to meet the specific needs of different departments and facilities. KalyLabs enables existing research efforts to be turned into revenue streams while enhancing student learning through hands-on experiences with cutting-edge equipment and projects.
"We are thrilled to partner with Summit Venture Studios to bring KalyLabs to a wider audience," Brenda Smith, Director Of Finance And Accounting, University of Utah HSC Research Administration and co-founder of KalyLabs. "This software has already helped several departments at the University of Utah to improve their research operations and generate revenue, and we believe it has the potential to do the same for many other institutions."
With the licensing of KalyLabs, Summit Venture Studios continues its mission to support innovation and entrepreneurship in academia and beyond. The company's portfolio of licensed technologies also includes SegoEd, a HIPs assessment software developed at Utah Valley University, CodeKeyz, a syntax-first learning platform that teaches Python, and more.
Summit Venture Studio
SVS is a venture studio based in Lehi Utah with a focus on commercializing novel faculty inventions via university tech transfer across the U.S. To learn more about Summit Venture Studios and its portfolio of licensed technologies, visit summitventure.studio
KalyLabs
KalyLabs is the ultimate software solution for institutions seeking to streamline their research and development efforts while ensuring operational profitability. With KalyLabs, institutions can simplify the scheduling, billing, and reporting of departmental facilities, equipment, and research usage, enabling them to get compensated for their time and resources. As institutions continue to face declining enrollment numbers and are prioritizing research programs as a means to attract new students, KalyLabs offers an effective way to optimize department budgets and generate revenue. kalylabs.com
University of Utah
The University of Utah is the state's flagship institution of higher education, with 18 schools and colleges, more than 100 undergraduate and 90 graduate degree programs, and an enrollment of more than 32,000 students. The University serves as a catalyst for the regional innovation economy, having supported the launch and growth of over 300 companies and conducted more than $640 million in annual research. To learn more about University of Utah, visit https://www.utah.edu/
Media Contact
Mark Wahlen, Summit Venture Studio, 1 3854246560, [email protected]
SOURCE Summit Venture Studio
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