Arizona Science and Technology Enterprises, LLC (AzTE) was established in 2003 as an Arizona Limited Liability company with the ASU Foundation as its sole member. Pursuant to agreements with Arizona State University, AzTE operates as the exclusive intellectual property management and technology transfer organization for ASU. AzTE also collaborates with other universities on technology transfer. AzTE has helped a number of promising technologies develop into successful start-up companies, a few of which have been acquired by larger companies. AzTE ranked in the top ten for invention disclosures, licenses and options, and startups formed per $10 million in research.