OTL was established in 1970 to manage the intellectual property assets of Stanford University. OTL's mission is to encourage effective technology transfer for the public benefit as well as generating royalty income to benefit research and education at Stanford. We evaluate, market, and license technology owned by the University, as well as negotiate sponsored research and other contracts with industry. OTL is one of the country's most active offices in the field of technology transfer from the university to industry. Our staff, most of whom are professionals engaged directly in licensing, manages over 3,000 active inventions. OTL recently relocated to our new Stanford Redwood City campus in July 2019. The new campus brings together 2,700 staff in a collaborative environment that reflects Stanford’s culture and mission. The campus offers amenities such as onsite cafes and a dining pavilion, a high-end fitness facility with an outdoor pool, and a childcare center for Stanford families.