$2.5M in expenses

In 2022, WVUIC acquired a substantial manufacturing, development, and research facility as a donation the Facility. With the acquisition of the Facility, WVUIC will further its purpose of i providing facilities, resources, and support to facilitate the development or incubation of companies that will improve the economic development of the region through contractual agreements designed to maximize the stimulation, protection, and exploitation of intellectual property within the University community and ii encouraging, promoting, and supporting activities of the University related to the entrepreneurship and the development, testing, and evaluation of new technologies, research, and innovation by assisting and evaluating technologies and projects owned by the federal government and private industry.