The FedEx Institute of Technology is an advanced technology and research organization that serves as the front door to the research infrastructure and innovation capabilities of the University of Memphis. It functions as a catalyst for interdisciplinary research and innovation in emerging technologies by supporting cross-campus research innovation clusters. The Institute is also home to the University's intellectual property and patent repository which is the focal point of technology transfer and licensing operations. The Institute enjoys a unique innovation partnership with FedEx, which sponsors the Institute for advanced research purposes. The Institute is the central hub for efforts to maintain a cutting-edge innovative environment in the Mid-South region.
Founded November 19, 2003, under the leadership of James M. Phillips the Institute was designed to bridge the gap between industry and academic research. The Institute is wholly a part of the University of Memphis operating within the framework of the State of Tennessee. The institute is located in a building on the University of Memphis campus, adjacent to the Fogelman School of Business and Economics on 365 Innovation Drive, Memphis, TN 38152.