Founded in 1987, PARTEQ Innovations is a not-for-profit corporation formed to help Queen's researchers market their new inventions and act as the technology transfer agent for Queen's University. It identifies university research with market potential and works with researchers in pursuing patents and arranging for commercial development, either through the establishment of spin-off companies or through licensing arrangements with outside corporations. PARTEQ is controlled by a board of directors comprising of representatives from industry and the University.
Proceeds from these developments are shared between the researcher and the university. In 1999, PARTEQ became the first Canadian technology transfer office to attract and manage its own venture fund, offering seed financing to start-up companies that use Queen's intellectual property or are managed by members of the Queen's community.
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