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It is a tricky one - a sensible organisation would wish you the best of luck and hope that your eventual success reflects well on them. However dealing with any large bureacracy means that finding someone who will sign off on such a thing can be tricky!

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Yeah, agreed. I've found the contact information for the person in charge of our tech transfer office (called the Office of Technology Management... I assume they're basically the same thing). I'll wait to hear back from my department head and probably contact someone in OTM (whoever is appropriate) afterward.

This might be history in the making, as I potentially might have to pitch why my idea is NOT viable enough for them to care (inverse VC pitch, lol).

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