1. Evaluating and prioritizing ideas and innovations for commercialization.
2. Managing the development and protection of intellectual property (IP).
3. Monitoring the progress of commercialization efforts.
4. Developing and maintaining relationships with industry partners and investors.
5. Ensuring compliance with laws and ethical standards.
6. Providing guidance and support to faculty and researchers.

- The committee's role is to maximize the impact of university research and innovation by facilitating the successful commercialization of its intellectual property.