Ellec Raidla has helped the Council of the University of Tartu establish UniTartu Ventures — a way to direct the intellectual property created by UT researchers to research-and-technology-intensive companies.
According to Ellex, “one objective of the University of Tartu is to be the accelerator of smart economy in Estonia. This also means that the university is more actively participating in the creation of new high-tech companies. The need for a new company mainly resulted from the success and rapid development of the Institute of Genomics, institutes of the Faculty of Science and Technology, the university’s Feasibility Fund, and the university’s spin-off program in recent years.” According to the firm, “the university-owned intellectual property to be invested in growing enterprises via UniTartu Ventures may include, for instance, data, research findings, or patents. In addition to emerging companies stemming from the university, UniTartu Ventures can also cooperate with other Estonian or international technology companies that are in the early stage and need the intellectual property created at the university to develop.”
Ellex Raidla’s team included Managing Partner Ants Nomper and Counsels Antti Perli and Dmitri Rozenblat.