CUNY hosts university-industry partnerships and technology commercialization. To facilitate collaborative research and development, technology commercialization, formation of spin-off companies, and fundraising from both private and public sources, organized efforts are being made under the auspices of the Center for Advanced Technology (CUNY CAT @ASRC) for sensor technology and the CUNY Technology Commercialization Office (TCO). In addition to promoting applied research, these entities aim to stimulate economic development through technology transfer and skilled workforce development.