University Innovation Fellows - User contributions [en]

Priorities:Georgia Institute of Technology Student Priorities

2020-09-28T19:56:08Z

Mlovelace3: /* Strategy 2: */

= Project Pitch Videos =

2019 Fall

{{#Widget:Youtube|id= R3-R3xGsQyU}}

 {{#Widget:Youtube|id= KUYRS8tJdLY}}

2017 Fall

{{#Widget:Youtube|id= RtdagOloc2c}}

2017 Spring

{{#Widget:Youtube|id= ewMEPB6pGGw}}

2016 Spring

{{#Widget:Youtube|id= SVBUIA2K4XQ}}

2015 Fall

{{#Widget:Youtube|id=ePECOY5goKs}}

2014 Spring

{{#Widget:Youtube|id=RbUSzMxnAFM}}

= Fall 2020 =

The primary priorities of the Fall 2020 Design Bloc cohort are to:

# Spread Design Thinking to the entire campus
# Foster community among students and faculty to facilitate innovation & entrepreneurship

== Strategy 1: Faculty Learning Initiative ==

* Teach design thinking to all incoming faculty
* Create a culture of collaboration and interdisciplinary work
* Equip assistant professors with design thinking tools to improve their research and teaching
'''Owner: ''' Tynan Purdy

== Strategy 2: Project Development Class==

* Supply space, resources, and class credit to develop upon a project that was deemed "finished"
* Emphasize the user testing, iteration, and redesign parts of the design process
* Equip students with a stronger knowledge of how these processes work within the industry and with actual users
'''Owner: ''' Madison Lovelace

== Strategy 3: ==

== Strategy 4: ==
* Expand design thinking within the introductory freshman course, GT 1000, in order to increase exposure to design thinking early on
* Create multiple Introduction to Design focused classes within this program as well as implement design thinking curriculum into both general courses as well as major specific courses where design thinking becomes applied to the specific major.

'''Owner:''' Cole Campbell

= Fall 2019 =

The primary priorities for the Fall 2019 cohort are to:

# Build awareness of opportunities in I&E through interdisciplinary courses, clubs, and spin-outs.
# Enhance discovery of innovation and entrepreneurship by integrating course topics with I&E - especially in classes with a focus on one or the other - so that the two areas can be combined.

== Strategy 1: Enhance discovery of I&E by connecting course topics with those areas ==

* Start monthly "Entrepreneurial Spotlight" where a short, 2-3 minute presentation is given at the beginning of the lecture period. The presenter will talk about an entrepreneurial opportunity on campus - such as CREATE-X - and relate the opportunity to course topics or projects.
* Work with Biomedical Engineering Society (BMES) Innovation Team to organize TA's and students in BME to be presenters first.
* As project gains momentum, can be worked on with other major-related student organizations to work the projects into other majors' classes.

== Strategy 2: Improving the teaching of I&E across campus by integrating learning and experimentation processes ==

=== Tactic 1: Courses are lacking in the combination of both innovation and entrepreneurship ===
* Create a portfolio that allows students to reflect on the innovation and entrepreneurship skills that they have gained throughout their curriculum.
* Improves upon previous design by making portfolio project more ambiguous to encourage personalization and personal reflection.
*Helps to thread together multiple years of reflection and design thinking.

=== Tactic 2: The combination of experimentation and learning is not interdisciplinary ===
* Create a club enabling all students to develop conceptual and experimental I&E skills.
* Facilitate activities encompassing both innovation and entrepreneurship.
** Mock Startup
** Student Shark Tank
** Escape the Startup

= Fall 2019 =

Strategic Priorities of the Fall 2019 Design Bloc Cohort

# Bridge the gap between college and industry
# Reward students for pursuing their personal development goals in place of grades
# Direct student entrepreneurs to solve immediate issues in the communities surrounding Georgia Tech

== Strategy 1: Bridge the gap from college to industry ==

=== Tactic 1 ===
* Develop an app to solve a simulated problem related to a company’s product, which also includes a wireframing session
* Students partner with companies in industry to solve a problem</li>
'''Owner:''' Margaret Lu

=== Tactic 2 ===
* Developing “minimester” classes that teach students specific skills used in their own industry.
'''Owner:''' Jordan Lym

== Strategy 2: Reward students for pursuing their personal development goals ==

* Allow formation of groups to define their own problem statement for an extra credit semester-long project that applies the theoretical principles learned in class on a topic of interest of the students
* After 4 weeks of accelerated instructional lectures that cover all the fundamental theoretical principles of the class, the project is released. As a result, the students will be able to apply theoretical principles taught in class on a project that lies within an area of interest to them, ensuring that they visualize the curriculum of the class as a stepping stone in achieving their personal goals
** Giving the students the opportunity to define their own problem statement will trigger their curiosity to explore the material to a deeper level of understanding
** The group project will foster a collaborative culture instead of the competitive culture that is present in most classroom environments, that will extend beyond the group project module to the lectures, recitations, written assignments etc
'''Owner:''' Stefanos Charalambous

== Strategy 3: Enable student-entrepreneurs to solve problems in the local community ==

* Address high-profile incidence of crime in nearby Home Park neighborhood
* Coordinate partnership with Georgia Tech Police Dept. and Create-X startup incubator to host Crime-Prevention Hackathon
** Challenge student teams to develop, prototype and test a solution to prevent crime in Home Park neighborhood over 24-hour competition
* Encourage both technical and non-technical specialists to apply
** Advertising event as open to all majors and backgrounds
** Leave a wide range of possibilities for requested final product: ranging from community-engagement event to physical crime-prevention tool
* Design for key stakeholders’ requirements by:
** Hosting firsthand victims of crime from Home Park community, GT student body, and GTPD officers to share their experiences at event kickoff
** Facilitating conversations and client-feedback between these stakeholders and student teams throughout the event
* Ensure long-term execution of winning project
** Offer winning team a position in summer-long startup incubator program through Create-X</li>
** Grant winning team $5,000 in seed funds to implement solution</li>
** Over the following semester, winning team meets monthly with GTPD, Create-X entrepreneurship advisor and Home Park community representatives to review progress and receive feedback
'''Owner:''' Hunter Schaufel

= Fall 2017 =

The primary priorities for the Fall 2017 cohort are to:

# Build awareness and visibility of interdisciplinary courses on campus, especially for first-year students.
# Combat the following issues with I&E resources on campus: they are too competitive with each other, they are too exclusive, they serve too small a niche, and they are inaccessible.

== Strategy 1: Build awareness and visibility of interdisciplinary courses on campus, especially for first-year students ==

* Curate in-person experiences where we can engage with first-year students.
* Encourage hands-on activity and experimental learning, as a gateway to enrolling in the course.
* Use social atmospheres to advertise and help students catch the "design bug".
* Assist students in registering for the courses that they like.
* Use the data and feedback from students to improve the I&E curriculum on campus.

== Strategy 2: Combat the following issues with I&E resources on campus: they are too competitive with each other, they are too exclusive, they serve too small a niche, and they are inaccessible. ==

=== Tactic 1: Resources are in constant competition with each other ===
* Currently, different I&E initiatives on campus are competing for funding, visibility, and students. How might we encourage them to work together, and also prevent further competitive initiatives from beginning?
* Create a map of I&E resources available to students at Georgia Tech. Use the following categories to sort the resources: maker space, mentorship, funding, classes, events, industry connections
* Use the map to display 1) what of the 6 categories is offered at what initiative, 2) where partnerships exist, 3) how students can get involved, and 4) how partners can get involved.
* Incentivize partnerships (as in, instead of creating your own makerspace with a special mentorship program only for one major, partner with a currently existing makerspace to create a mentorship program) by using it as a status symbol on the map.

=== Tactic 2: Resources are too exclusive, and silo-ed off in different departments ===
* Partner with the Vertically Integrated Projects program
* Teach classes to students in VIPs, who are often diverse in major and age
* Engage a broad range of students in design thinking exercises, while teaching them how to apply it to the work they are already doing
* Advertise VIPs that now have design thinking experience

=== Tactic 3: Resources are too inaccessible, and too under-the-radar ===
* Initiate a low-barrier to entry course for freshmen that introduces them to design thinking through makerspaces
* Each person in the class gets to work on a tangible project where they apply design thinking, and can visualize what success looks like

= Spring 2017 =

The primary priorities for Spring 2017 are to:

# Teach students to be more innovative, by involving the industry in all capstone projects and internships.
# Build a sustainable and accessible resource center for first-time innovators and entrepreneurs.
# Create student-company partnerships that allow both parties to learn and engage with one another.

== Strategy 1: Motivate students to be more innovative, by involving the industry in all capstone projects ==

* Validate the idea through more thorough faculty and student interviews.
* Incentivize better capstone projects and more student effort into them by introducing the industry involvement of potential employers.
* Get a system where both professors and the respective industry professionals have access to the work done by student teams.
* Get those industry professionals on campus for capstone judging.

== Strategy 2: Build a sustainable and accessible resource center for first-time innovators and entrepreneurs ==

=== Tactic 1 ===
* Elaborate on our online guide for first-time entrepreneurs, with the content provided using existing entrepreneurship education material online and through the experiences of entrepreneurs from Georgia Tech.
* Popularize this resource through organizations like the startup exchange.
* Create a resource to share and access prototyping tools, such as a check-out service.

=== Tactic 2 ===
* Introduce some sort of mentoring program/office hours with students experienced in entrepreneurship so that first-timers can be given the right knowledge and direction
* Update: An office hours desk in the Innovation and Design Collaborative space has been installed, with people manning it constantly. We're working on increasing the number of people coming to the desk for help, but so far, it's going well!

== Strategy 3: Create student-company partnerships that allow both parties to learn and engage with one another. ==

=== Tactic 1 ===
* Reach out to companies in the local area and analyze company issues and roadblocks that can be solved with the help of students.

=== Tactic 2 ===
* Create more job opportunities and internships for students to access through Career Buzz which gives them a chance to practice their entrepreneurship and innovation skills.

=== Tactic 3 ===
* Create opportunities for students to tackle issues and hold workshops on creative thinking for local companies and start-ups. A hackathon layout would be ideal for this situation.

= Georgia Tech Student Vision =

We believe GT students can change the world. Our campus offers many resources, and even better faculty, to help innovation and creativity on campus. We need to connect the GT community by creating an umbrella organization to help students flow toward these resources on campus, and create channels for student-faculty relationships.

= University Innovation Council =

Despite the many great resources Georgia Tech currently has, the innovation and entrepreneurial movement, which is currently overtaking the nation, has been stalled on our campus due to lack of organization.

Students are unsure of, and mostly unaware of, the opportunities available to them beyond big-name resources such as [http://inventionstudio.gatech.edu/ the Invention Studio] or the [http://inventureprize.gatech.edu/ inVenture Prize] competition.

Organizations are struggling to grow, hold large events, or simply stay operational, because of a lack of assisted communication and constant overlap.

Professors are additionally wasting large amounts of time trying to connect with students, due to a lack of protocol and standardized connection.

Our program will exist to foster a passion and create sustainability for innovation and entrepreneurship (I&E) among all members of the Georgia Tech community.

The University Innovation Council will support three main areas: the student body, current campus organizations, and faculty/administration. This will improve the community by eliminating overlap, bringing students of all backgrounds and ages together, and encouraging administrative involvement. This will be done in the following ways:

'''For Student Members of the Georgia Tech Community'''

* Provide access to an umbrella calendar of I&E events
* Connect individual student interests to the I&E movement with others in the Georgia Tech community
* Formulate methods to encourage innovation at Tech
* Provide updates and other opportunities on a regular basis

'''For I&E Campus Organizations'''
* Host Forums
* Connect I&E organizations
* Provide consulting advice, support, and membership numbers
* Provide a yearly I&E wheel featuring individual organizations

'''For the Administration'''

* Dissolve the communication barrier between students, organizations, and the administration
* Form strategic partnerships with supporters of entrepreneurship
* Provide ‘voice’ of I&E for consulting
* Create a mentoring program for faculty to get involved in; help students develop ideas and turn them into a reality

Additionally, please refer to our [https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0 Campus Landscape Canvas] for both on-campus and off-campus resources, as well as local Atlanta-based resources.

This Campus Landscape Canvas illustrates all the resources on Georgia Tech’s campus for undergraduates, graduates, organizations, and faculty through perceived, potential, applied, realized, reframing, and institutional resources.
Through this map, we are able to fully maximize student, faculty, undergraduate, and graduate student interactions and improve the map for the future, based on our knowledge of the current environment.

== Student-Faculty Relations ==

Through the University Innovation Council, student-faculty interaction will be facilitated in three main ways:

# Students interested in getting involved with the I&E movement will be directly connected with a professor based on their ideas, needs, and goals. This introduction will save valuable time for the student by removing the searching process. This will also save time for the professor by introducing them to a student who is serious about their work and eager to network.
# Faculty will be able to directly interact and engage with movements on-campus that organizations and students are working on. Instead of being directed by several groups of people, faculty members will know all I&E-related movements are being directed by the University Innovation Council.
# Resources for both students and faculty will be maximized due to a new lack of overlap. The process of starting an I&E movement will have the ability to become streamlined, through its implementation in our organization.

== Wide Net Impact ==

By creating a centralized hub, the University Innovation Council will be able to run all I&E movements that Georgia Tech is starting. Our organization, the University Innovation Council, is one that will exist for the betterment of the entire university; not just one major, one club, or even one type of student.

Many undergraduate students have been inspired to create projects and invent in their classes and many graduate students have also been encouraged to turn their research and theses into entrepreneurial companies. This organization would really help graduate students network with undergraduates to easily allocate research positions, internships, and special projects, as well as vice-versa. It is a much more desirable way for them to see what undergraduate students are passionate about, instead of just going off of resumes and shallow connections.

Again, by providing an overarching umbrella, students will be able to focus on their ideas and goals, rather than spending so much time finding the necessary resources. The unique characteristic of I&E is that it's not limited to undergraduate and graduate students, it's for everyone.

== Sustainable Impact ==

By providing a council and infrastructure for I&E to operate under, new students will not have to worry about finding resources or connections (because they will already be provided). They will be able to just focus on the movement and their ideas, goals, and design processes. It will make the entrepreneurial experience less of a trial-and-error process, and more success stories will come out of the Georgia Tech entrepreneurial landscape. In addition, it will create a foundation on campus for other I&E movements to be built upon.

Through the University Innovation Council, students and faculty will be able to grow the I&E movement on campus together, as well as facilitate other movements going forward. This means that they will become more reliant on, and trusting of, each other. If both students and faculty are invested in the same issue and working together to make change happen, Georgia Tech's campus landscape in I&E will continue to grow in the future, which will only perpetuate the success of the I&E campus.

= Related Links =

[[Georgia Institute of Technology]]

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology_Student_Priorities Georgia Institute of Technology Student Priorities]

'''University Innovation Fellows'''

Fall 2020:

[https://universityinnovation.org/wiki/Fellow:Tynan_Purdy Tynan Purdy]

[https://universityinnovation.org/wiki/Fellow:Madison_Lovelace Madison Lovelace]

[https://universityinnovation.org/wiki/Fellow:Yuma_Tanaka Yuma Tanaka]

[https://universityinnovation.org/wiki/Fellow:Cole_Campbell Cole Campbell]

Fall 2019:

[http://universityinnovation.org/wiki/Margaret_Lu Margaret Lu]

[http://universityinnovation.org/wiki/Jeremy_Levin Jeremy Levin]

[http://universityinnovation.org/wiki/Cassie_McIltrot Cassie McIltrot]

[http://universityinnovation.org/wiki/Sierra_Mulrine Sierra Mulrine]

[[Stefanos Charalambous|Stefanos Charalambous]]

Fall 2017:

[http://universityinnovation.org/wiki/Risha_Parikh Risha Parikh]

[http://universityinnovation.org/wiki/Matthew_Lim Matthew Lim]

[http://universityinnovation.org/wiki/Taft_Weber-Kilpack Taft Weber-Kilpack]

[http://universityinnovation.org/wiki/HanSung_Kim HanSung Kim]

Spring 2017:

[http://universityinnovation.org/wiki/Julie_Leonard-Duke Julie Leonard-Duke]

[[Fang Shi|Fang Shi]]

[http://universityinnovation.org/wiki/Monali_Shah Monali Shah]

[http://universityinnovation.org/wiki/Jason_Weis Jason Weis]

Spring 2016:

[http://universityinnovation.org/wiki/Thomas_W._Clifton_V Thomas Clifton]

[http://universityinnovation.org/wiki/Kshitij_Kulkarni Kshitij Kulkarni]

[http://universityinnovation.org/wiki/Arshiya_Lal Arshiya Lal]

Fall 2015:

[http://universityinnovation.org/wiki/Utkarsh_Garg Utkarsh Garg]

Spring 2014:

[http://universityinnovation.org/wiki/Alex_Flohr Alex Flohr]

[http://universityinnovation.org/wiki/Megna_Saha Megna Saha]

[http://universityinnovation.org/wiki/Rachel_Ford Rachel Ford]

[[Category:Student Priorities|g]]
[[Category:Student Priorities]]
[[Category:Student Priorities]]
[[Category:Georgia_Institute_of_Technology]]
[[Category:Student_Priorities]]
{{CatTree|Georgia_Institute_of_Technology}}

Priorities:Georgia Institute of Technology Student Priorities

2020-09-28T19:53:09Z

Mlovelace3: Undo revision 124179 by Mlovelace3 (talk)

= Project Pitch Videos =

2019 Fall

{{#Widget:Youtube|id= R3-R3xGsQyU}}

 {{#Widget:Youtube|id= KUYRS8tJdLY}}

2017 Fall

{{#Widget:Youtube|id= RtdagOloc2c}}

2017 Spring

{{#Widget:Youtube|id= ewMEPB6pGGw}}

2016 Spring

{{#Widget:Youtube|id= SVBUIA2K4XQ}}

2015 Fall

{{#Widget:Youtube|id=ePECOY5goKs}}

2014 Spring

{{#Widget:Youtube|id=RbUSzMxnAFM}}

= Fall 2020 =

The primary priorities of the Fall 2020 Design Bloc cohort are to:

# Spread Design Thinking to the entire campus
# Foster community among students and faculty to facilitate innovation & entrepreneurship

== Strategy 1: Faculty Learning Initiative ==

* Teach design thinking to all incoming faculty
* Create a culture of collaboration and interdisciplinary work
* Equip assistant professors with design thinking tools to improve their research and teaching
'''Owner: ''' Tynan Purdy

== Strategy 2: ==

== Strategy 3: ==

== Strategy 4: ==
* Expand design thinking within the introductory freshman course, GT 1000, in order to increase exposure to design thinking early on
* Create multiple Introduction to Design focused classes within this program as well as implement design thinking curriculum into both general courses as well as major specific courses where design thinking becomes applied to the specific major.

'''Owner:''' Cole Campbell

= Fall 2019 =

The primary priorities for the Fall 2019 cohort are to:

# Build awareness of opportunities in I&E through interdisciplinary courses, clubs, and spin-outs.
# Enhance discovery of innovation and entrepreneurship by integrating course topics with I&E - especially in classes with a focus on one or the other - so that the two areas can be combined.

== Strategy 1: Enhance discovery of I&E by connecting course topics with those areas ==

* Start monthly "Entrepreneurial Spotlight" where a short, 2-3 minute presentation is given at the beginning of the lecture period. The presenter will talk about an entrepreneurial opportunity on campus - such as CREATE-X - and relate the opportunity to course topics or projects.
* Work with Biomedical Engineering Society (BMES) Innovation Team to organize TA's and students in BME to be presenters first.
* As project gains momentum, can be worked on with other major-related student organizations to work the projects into other majors' classes.

== Strategy 2: Improving the teaching of I&E across campus by integrating learning and experimentation processes ==

=== Tactic 1: Courses are lacking in the combination of both innovation and entrepreneurship ===
* Create a portfolio that allows students to reflect on the innovation and entrepreneurship skills that they have gained throughout their curriculum.
* Improves upon previous design by making portfolio project more ambiguous to encourage personalization and personal reflection.
*Helps to thread together multiple years of reflection and design thinking.

=== Tactic 2: The combination of experimentation and learning is not interdisciplinary ===
* Create a club enabling all students to develop conceptual and experimental I&E skills.
* Facilitate activities encompassing both innovation and entrepreneurship.
** Mock Startup
** Student Shark Tank
** Escape the Startup

= Fall 2019 =

Strategic Priorities of the Fall 2019 Design Bloc Cohort

# Bridge the gap between college and industry
# Reward students for pursuing their personal development goals in place of grades
# Direct student entrepreneurs to solve immediate issues in the communities surrounding Georgia Tech

== Strategy 1: Bridge the gap from college to industry ==

=== Tactic 1 ===
* Develop an app to solve a simulated problem related to a company’s product, which also includes a wireframing session
* Students partner with companies in industry to solve a problem</li>
'''Owner:''' Margaret Lu

=== Tactic 2 ===
* Developing “minimester” classes that teach students specific skills used in their own industry.
'''Owner:''' Jordan Lym

== Strategy 2: Reward students for pursuing their personal development goals ==

* Allow formation of groups to define their own problem statement for an extra credit semester-long project that applies the theoretical principles learned in class on a topic of interest of the students
* After 4 weeks of accelerated instructional lectures that cover all the fundamental theoretical principles of the class, the project is released. As a result, the students will be able to apply theoretical principles taught in class on a project that lies within an area of interest to them, ensuring that they visualize the curriculum of the class as a stepping stone in achieving their personal goals
** Giving the students the opportunity to define their own problem statement will trigger their curiosity to explore the material to a deeper level of understanding
** The group project will foster a collaborative culture instead of the competitive culture that is present in most classroom environments, that will extend beyond the group project module to the lectures, recitations, written assignments etc
'''Owner:''' Stefanos Charalambous

== Strategy 3: Enable student-entrepreneurs to solve problems in the local community ==

* Address high-profile incidence of crime in nearby Home Park neighborhood
* Coordinate partnership with Georgia Tech Police Dept. and Create-X startup incubator to host Crime-Prevention Hackathon
** Challenge student teams to develop, prototype and test a solution to prevent crime in Home Park neighborhood over 24-hour competition
* Encourage both technical and non-technical specialists to apply
** Advertising event as open to all majors and backgrounds
** Leave a wide range of possibilities for requested final product: ranging from community-engagement event to physical crime-prevention tool
* Design for key stakeholders’ requirements by:
** Hosting firsthand victims of crime from Home Park community, GT student body, and GTPD officers to share their experiences at event kickoff
** Facilitating conversations and client-feedback between these stakeholders and student teams throughout the event
* Ensure long-term execution of winning project
** Offer winning team a position in summer-long startup incubator program through Create-X</li>
** Grant winning team $5,000 in seed funds to implement solution</li>
** Over the following semester, winning team meets monthly with GTPD, Create-X entrepreneurship advisor and Home Park community representatives to review progress and receive feedback
'''Owner:''' Hunter Schaufel

= Fall 2017 =

The primary priorities for the Fall 2017 cohort are to:

# Build awareness and visibility of interdisciplinary courses on campus, especially for first-year students.
# Combat the following issues with I&E resources on campus: they are too competitive with each other, they are too exclusive, they serve too small a niche, and they are inaccessible.

== Strategy 1: Build awareness and visibility of interdisciplinary courses on campus, especially for first-year students ==

* Curate in-person experiences where we can engage with first-year students.
* Encourage hands-on activity and experimental learning, as a gateway to enrolling in the course.
* Use social atmospheres to advertise and help students catch the "design bug".
* Assist students in registering for the courses that they like.
* Use the data and feedback from students to improve the I&E curriculum on campus.

== Strategy 2: Combat the following issues with I&E resources on campus: they are too competitive with each other, they are too exclusive, they serve too small a niche, and they are inaccessible. ==

=== Tactic 1: Resources are in constant competition with each other ===
* Currently, different I&E initiatives on campus are competing for funding, visibility, and students. How might we encourage them to work together, and also prevent further competitive initiatives from beginning?
* Create a map of I&E resources available to students at Georgia Tech. Use the following categories to sort the resources: maker space, mentorship, funding, classes, events, industry connections
* Use the map to display 1) what of the 6 categories is offered at what initiative, 2) where partnerships exist, 3) how students can get involved, and 4) how partners can get involved.
* Incentivize partnerships (as in, instead of creating your own makerspace with a special mentorship program only for one major, partner with a currently existing makerspace to create a mentorship program) by using it as a status symbol on the map.

=== Tactic 2: Resources are too exclusive, and silo-ed off in different departments ===
* Partner with the Vertically Integrated Projects program
* Teach classes to students in VIPs, who are often diverse in major and age
* Engage a broad range of students in design thinking exercises, while teaching them how to apply it to the work they are already doing
* Advertise VIPs that now have design thinking experience

=== Tactic 3: Resources are too inaccessible, and too under-the-radar ===
* Initiate a low-barrier to entry course for freshmen that introduces them to design thinking through makerspaces
* Each person in the class gets to work on a tangible project where they apply design thinking, and can visualize what success looks like

= Spring 2017 =

The primary priorities for Spring 2017 are to:

# Teach students to be more innovative, by involving the industry in all capstone projects and internships.
# Build a sustainable and accessible resource center for first-time innovators and entrepreneurs.
# Create student-company partnerships that allow both parties to learn and engage with one another.

== Strategy 1: Motivate students to be more innovative, by involving the industry in all capstone projects ==

* Validate the idea through more thorough faculty and student interviews.
* Incentivize better capstone projects and more student effort into them by introducing the industry involvement of potential employers.
* Get a system where both professors and the respective industry professionals have access to the work done by student teams.
* Get those industry professionals on campus for capstone judging.

== Strategy 2: Build a sustainable and accessible resource center for first-time innovators and entrepreneurs ==

=== Tactic 1 ===
* Elaborate on our online guide for first-time entrepreneurs, with the content provided using existing entrepreneurship education material online and through the experiences of entrepreneurs from Georgia Tech.
* Popularize this resource through organizations like the startup exchange.
* Create a resource to share and access prototyping tools, such as a check-out service.

=== Tactic 2 ===
* Introduce some sort of mentoring program/office hours with students experienced in entrepreneurship so that first-timers can be given the right knowledge and direction
* Update: An office hours desk in the Innovation and Design Collaborative space has been installed, with people manning it constantly. We're working on increasing the number of people coming to the desk for help, but so far, it's going well!

== Strategy 3: Create student-company partnerships that allow both parties to learn and engage with one another. ==

=== Tactic 1 ===
* Reach out to companies in the local area and analyze company issues and roadblocks that can be solved with the help of students.

=== Tactic 2 ===
* Create more job opportunities and internships for students to access through Career Buzz which gives them a chance to practice their entrepreneurship and innovation skills.

=== Tactic 3 ===
* Create opportunities for students to tackle issues and hold workshops on creative thinking for local companies and start-ups. A hackathon layout would be ideal for this situation.

= Georgia Tech Student Vision =

We believe GT students can change the world. Our campus offers many resources, and even better faculty, to help innovation and creativity on campus. We need to connect the GT community by creating an umbrella organization to help students flow toward these resources on campus, and create channels for student-faculty relationships.

= University Innovation Council =

Despite the many great resources Georgia Tech currently has, the innovation and entrepreneurial movement, which is currently overtaking the nation, has been stalled on our campus due to lack of organization.

Students are unsure of, and mostly unaware of, the opportunities available to them beyond big-name resources such as [http://inventionstudio.gatech.edu/ the Invention Studio] or the [http://inventureprize.gatech.edu/ inVenture Prize] competition.

Organizations are struggling to grow, hold large events, or simply stay operational, because of a lack of assisted communication and constant overlap.

Professors are additionally wasting large amounts of time trying to connect with students, due to a lack of protocol and standardized connection.

Our program will exist to foster a passion and create sustainability for innovation and entrepreneurship (I&E) among all members of the Georgia Tech community.

The University Innovation Council will support three main areas: the student body, current campus organizations, and faculty/administration. This will improve the community by eliminating overlap, bringing students of all backgrounds and ages together, and encouraging administrative involvement. This will be done in the following ways:

'''For Student Members of the Georgia Tech Community'''

* Provide access to an umbrella calendar of I&E events
* Connect individual student interests to the I&E movement with others in the Georgia Tech community
* Formulate methods to encourage innovation at Tech
* Provide updates and other opportunities on a regular basis

'''For I&E Campus Organizations'''
* Host Forums
* Connect I&E organizations
* Provide consulting advice, support, and membership numbers
* Provide a yearly I&E wheel featuring individual organizations

'''For the Administration'''

* Dissolve the communication barrier between students, organizations, and the administration
* Form strategic partnerships with supporters of entrepreneurship
* Provide ‘voice’ of I&E for consulting
* Create a mentoring program for faculty to get involved in; help students develop ideas and turn them into a reality

Additionally, please refer to our [https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0 Campus Landscape Canvas] for both on-campus and off-campus resources, as well as local Atlanta-based resources.

This Campus Landscape Canvas illustrates all the resources on Georgia Tech’s campus for undergraduates, graduates, organizations, and faculty through perceived, potential, applied, realized, reframing, and institutional resources.
Through this map, we are able to fully maximize student, faculty, undergraduate, and graduate student interactions and improve the map for the future, based on our knowledge of the current environment.

== Student-Faculty Relations ==

Through the University Innovation Council, student-faculty interaction will be facilitated in three main ways:

# Students interested in getting involved with the I&E movement will be directly connected with a professor based on their ideas, needs, and goals. This introduction will save valuable time for the student by removing the searching process. This will also save time for the professor by introducing them to a student who is serious about their work and eager to network.
# Faculty will be able to directly interact and engage with movements on-campus that organizations and students are working on. Instead of being directed by several groups of people, faculty members will know all I&E-related movements are being directed by the University Innovation Council.
# Resources for both students and faculty will be maximized due to a new lack of overlap. The process of starting an I&E movement will have the ability to become streamlined, through its implementation in our organization.

== Wide Net Impact ==

By creating a centralized hub, the University Innovation Council will be able to run all I&E movements that Georgia Tech is starting. Our organization, the University Innovation Council, is one that will exist for the betterment of the entire university; not just one major, one club, or even one type of student.

Many undergraduate students have been inspired to create projects and invent in their classes and many graduate students have also been encouraged to turn their research and theses into entrepreneurial companies. This organization would really help graduate students network with undergraduates to easily allocate research positions, internships, and special projects, as well as vice-versa. It is a much more desirable way for them to see what undergraduate students are passionate about, instead of just going off of resumes and shallow connections.

Again, by providing an overarching umbrella, students will be able to focus on their ideas and goals, rather than spending so much time finding the necessary resources. The unique characteristic of I&E is that it's not limited to undergraduate and graduate students, it's for everyone.

== Sustainable Impact ==

By providing a council and infrastructure for I&E to operate under, new students will not have to worry about finding resources or connections (because they will already be provided). They will be able to just focus on the movement and their ideas, goals, and design processes. It will make the entrepreneurial experience less of a trial-and-error process, and more success stories will come out of the Georgia Tech entrepreneurial landscape. In addition, it will create a foundation on campus for other I&E movements to be built upon.

Through the University Innovation Council, students and faculty will be able to grow the I&E movement on campus together, as well as facilitate other movements going forward. This means that they will become more reliant on, and trusting of, each other. If both students and faculty are invested in the same issue and working together to make change happen, Georgia Tech's campus landscape in I&E will continue to grow in the future, which will only perpetuate the success of the I&E campus.

= Related Links =

[[Georgia Institute of Technology]]

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology_Student_Priorities Georgia Institute of Technology Student Priorities]

'''University Innovation Fellows'''

Fall 2020:

[https://universityinnovation.org/wiki/Fellow:Tynan_Purdy Tynan Purdy]

[https://universityinnovation.org/wiki/Fellow:Madison_Lovelace Madison Lovelace]

[https://universityinnovation.org/wiki/Fellow:Yuma_Tanaka Yuma Tanaka]

[https://universityinnovation.org/wiki/Fellow:Cole_Campbell Cole Campbell]

Fall 2019:

[http://universityinnovation.org/wiki/Margaret_Lu Margaret Lu]

[http://universityinnovation.org/wiki/Jeremy_Levin Jeremy Levin]

[http://universityinnovation.org/wiki/Cassie_McIltrot Cassie McIltrot]

[http://universityinnovation.org/wiki/Sierra_Mulrine Sierra Mulrine]

[[Stefanos Charalambous|Stefanos Charalambous]]

Fall 2017:

[http://universityinnovation.org/wiki/Risha_Parikh Risha Parikh]

[http://universityinnovation.org/wiki/Matthew_Lim Matthew Lim]

[http://universityinnovation.org/wiki/Taft_Weber-Kilpack Taft Weber-Kilpack]

[http://universityinnovation.org/wiki/HanSung_Kim HanSung Kim]

Spring 2017:

[http://universityinnovation.org/wiki/Julie_Leonard-Duke Julie Leonard-Duke]

[[Fang Shi|Fang Shi]]

[http://universityinnovation.org/wiki/Monali_Shah Monali Shah]

[http://universityinnovation.org/wiki/Jason_Weis Jason Weis]

Spring 2016:

[http://universityinnovation.org/wiki/Thomas_W._Clifton_V Thomas Clifton]

[http://universityinnovation.org/wiki/Kshitij_Kulkarni Kshitij Kulkarni]

[http://universityinnovation.org/wiki/Arshiya_Lal Arshiya Lal]

Fall 2015:

[http://universityinnovation.org/wiki/Utkarsh_Garg Utkarsh Garg]

Spring 2014:

[http://universityinnovation.org/wiki/Alex_Flohr Alex Flohr]

[http://universityinnovation.org/wiki/Megna_Saha Megna Saha]

[http://universityinnovation.org/wiki/Rachel_Ford Rachel Ford]

[[Category:Student Priorities|g]]
[[Category:Student Priorities]]
[[Category:Student Priorities]]
[[Category:Georgia_Institute_of_Technology]]
[[Category:Student_Priorities]]
{{CatTree|Georgia_Institute_of_Technology}}

Priorities:Georgia Institute of Technology Student Priorities

2020-09-28T19:52:30Z

Mlovelace3: /* Strategy 2: */

= Project Pitch Videos =

2019 Fall

{{#Widget:Youtube|id= R3-R3xGsQyU}}

 {{#Widget:Youtube|id= KUYRS8tJdLY}}

2017 Fall

{{#Widget:Youtube|id= RtdagOloc2c}}

2017 Spring

{{#Widget:Youtube|id= ewMEPB6pGGw}}

2016 Spring

{{#Widget:Youtube|id= SVBUIA2K4XQ}}

2015 Fall

{{#Widget:Youtube|id=ePECOY5goKs}}

2014 Spring

{{#Widget:Youtube|id=RbUSzMxnAFM}}

= Fall 2020 =

The primary priorities of the Fall 2020 Design Bloc cohort are to:

# Spread Design Thinking to the entire campus
# Foster community among students and faculty to facilitate innovation & entrepreneurship

== Strategy 1: Faculty Learning Initiative ==

* Teach design thinking to all incoming faculty
* Create a culture of collaboration and interdisciplinary work
* Equip assistant professors with design thinking tools to improve their research and teaching
'''Owner: ''' Tynan Purdy

== Strategy 2: == May Semester Project Development

== Strategy 3: ==

== Strategy 4: ==
* Expand design thinking within the introductory freshman course, GT 1000, in order to increase exposure to design thinking early on
* Create multiple Introduction to Design focused classes within this program as well as implement design thinking curriculum into both general courses as well as major specific courses where design thinking becomes applied to the specific major.

'''Owner:''' Cole Campbell

= Fall 2019 =

The primary priorities for the Fall 2019 cohort are to:

# Build awareness of opportunities in I&E through interdisciplinary courses, clubs, and spin-outs.
# Enhance discovery of innovation and entrepreneurship by integrating course topics with I&E - especially in classes with a focus on one or the other - so that the two areas can be combined.

== Strategy 1: Enhance discovery of I&E by connecting course topics with those areas ==

* Start monthly "Entrepreneurial Spotlight" where a short, 2-3 minute presentation is given at the beginning of the lecture period. The presenter will talk about an entrepreneurial opportunity on campus - such as CREATE-X - and relate the opportunity to course topics or projects.
* Work with Biomedical Engineering Society (BMES) Innovation Team to organize TA's and students in BME to be presenters first.
* As project gains momentum, can be worked on with other major-related student organizations to work the projects into other majors' classes.

== Strategy 2: Improving the teaching of I&E across campus by integrating learning and experimentation processes ==

=== Tactic 1: Courses are lacking in the combination of both innovation and entrepreneurship ===
* Create a portfolio that allows students to reflect on the innovation and entrepreneurship skills that they have gained throughout their curriculum.
* Improves upon previous design by making portfolio project more ambiguous to encourage personalization and personal reflection.
*Helps to thread together multiple years of reflection and design thinking.

=== Tactic 2: The combination of experimentation and learning is not interdisciplinary ===
* Create a club enabling all students to develop conceptual and experimental I&E skills.
* Facilitate activities encompassing both innovation and entrepreneurship.
** Mock Startup
** Student Shark Tank
** Escape the Startup

= Fall 2019 =

Strategic Priorities of the Fall 2019 Design Bloc Cohort

# Bridge the gap between college and industry
# Reward students for pursuing their personal development goals in place of grades
# Direct student entrepreneurs to solve immediate issues in the communities surrounding Georgia Tech

== Strategy 1: Bridge the gap from college to industry ==

=== Tactic 1 ===
* Develop an app to solve a simulated problem related to a company’s product, which also includes a wireframing session
* Students partner with companies in industry to solve a problem</li>
'''Owner:''' Margaret Lu

=== Tactic 2 ===
* Developing “minimester” classes that teach students specific skills used in their own industry.
'''Owner:''' Jordan Lym

== Strategy 2: Reward students for pursuing their personal development goals ==

* Allow formation of groups to define their own problem statement for an extra credit semester-long project that applies the theoretical principles learned in class on a topic of interest of the students
* After 4 weeks of accelerated instructional lectures that cover all the fundamental theoretical principles of the class, the project is released. As a result, the students will be able to apply theoretical principles taught in class on a project that lies within an area of interest to them, ensuring that they visualize the curriculum of the class as a stepping stone in achieving their personal goals
** Giving the students the opportunity to define their own problem statement will trigger their curiosity to explore the material to a deeper level of understanding
** The group project will foster a collaborative culture instead of the competitive culture that is present in most classroom environments, that will extend beyond the group project module to the lectures, recitations, written assignments etc
'''Owner:''' Stefanos Charalambous

== Strategy 3: Enable student-entrepreneurs to solve problems in the local community ==

* Address high-profile incidence of crime in nearby Home Park neighborhood
* Coordinate partnership with Georgia Tech Police Dept. and Create-X startup incubator to host Crime-Prevention Hackathon
** Challenge student teams to develop, prototype and test a solution to prevent crime in Home Park neighborhood over 24-hour competition
* Encourage both technical and non-technical specialists to apply
** Advertising event as open to all majors and backgrounds
** Leave a wide range of possibilities for requested final product: ranging from community-engagement event to physical crime-prevention tool
* Design for key stakeholders’ requirements by:
** Hosting firsthand victims of crime from Home Park community, GT student body, and GTPD officers to share their experiences at event kickoff
** Facilitating conversations and client-feedback between these stakeholders and student teams throughout the event
* Ensure long-term execution of winning project
** Offer winning team a position in summer-long startup incubator program through Create-X</li>
** Grant winning team $5,000 in seed funds to implement solution</li>
** Over the following semester, winning team meets monthly with GTPD, Create-X entrepreneurship advisor and Home Park community representatives to review progress and receive feedback
'''Owner:''' Hunter Schaufel

= Fall 2017 =

The primary priorities for the Fall 2017 cohort are to:

# Build awareness and visibility of interdisciplinary courses on campus, especially for first-year students.
# Combat the following issues with I&E resources on campus: they are too competitive with each other, they are too exclusive, they serve too small a niche, and they are inaccessible.

== Strategy 1: Build awareness and visibility of interdisciplinary courses on campus, especially for first-year students ==

* Curate in-person experiences where we can engage with first-year students.
* Encourage hands-on activity and experimental learning, as a gateway to enrolling in the course.
* Use social atmospheres to advertise and help students catch the "design bug".
* Assist students in registering for the courses that they like.
* Use the data and feedback from students to improve the I&E curriculum on campus.

== Strategy 2: Combat the following issues with I&E resources on campus: they are too competitive with each other, they are too exclusive, they serve too small a niche, and they are inaccessible. ==

=== Tactic 1: Resources are in constant competition with each other ===
* Currently, different I&E initiatives on campus are competing for funding, visibility, and students. How might we encourage them to work together, and also prevent further competitive initiatives from beginning?
* Create a map of I&E resources available to students at Georgia Tech. Use the following categories to sort the resources: maker space, mentorship, funding, classes, events, industry connections
* Use the map to display 1) what of the 6 categories is offered at what initiative, 2) where partnerships exist, 3) how students can get involved, and 4) how partners can get involved.
* Incentivize partnerships (as in, instead of creating your own makerspace with a special mentorship program only for one major, partner with a currently existing makerspace to create a mentorship program) by using it as a status symbol on the map.

=== Tactic 2: Resources are too exclusive, and silo-ed off in different departments ===
* Partner with the Vertically Integrated Projects program
* Teach classes to students in VIPs, who are often diverse in major and age
* Engage a broad range of students in design thinking exercises, while teaching them how to apply it to the work they are already doing
* Advertise VIPs that now have design thinking experience

=== Tactic 3: Resources are too inaccessible, and too under-the-radar ===
* Initiate a low-barrier to entry course for freshmen that introduces them to design thinking through makerspaces
* Each person in the class gets to work on a tangible project where they apply design thinking, and can visualize what success looks like

= Spring 2017 =

The primary priorities for Spring 2017 are to:

# Teach students to be more innovative, by involving the industry in all capstone projects and internships.
# Build a sustainable and accessible resource center for first-time innovators and entrepreneurs.
# Create student-company partnerships that allow both parties to learn and engage with one another.

== Strategy 1: Motivate students to be more innovative, by involving the industry in all capstone projects ==

* Validate the idea through more thorough faculty and student interviews.
* Incentivize better capstone projects and more student effort into them by introducing the industry involvement of potential employers.
* Get a system where both professors and the respective industry professionals have access to the work done by student teams.
* Get those industry professionals on campus for capstone judging.

== Strategy 2: Build a sustainable and accessible resource center for first-time innovators and entrepreneurs ==

=== Tactic 1 ===
* Elaborate on our online guide for first-time entrepreneurs, with the content provided using existing entrepreneurship education material online and through the experiences of entrepreneurs from Georgia Tech.
* Popularize this resource through organizations like the startup exchange.
* Create a resource to share and access prototyping tools, such as a check-out service.

=== Tactic 2 ===
* Introduce some sort of mentoring program/office hours with students experienced in entrepreneurship so that first-timers can be given the right knowledge and direction
* Update: An office hours desk in the Innovation and Design Collaborative space has been installed, with people manning it constantly. We're working on increasing the number of people coming to the desk for help, but so far, it's going well!

== Strategy 3: Create student-company partnerships that allow both parties to learn and engage with one another. ==

=== Tactic 1 ===
* Reach out to companies in the local area and analyze company issues and roadblocks that can be solved with the help of students.

=== Tactic 2 ===
* Create more job opportunities and internships for students to access through Career Buzz which gives them a chance to practice their entrepreneurship and innovation skills.

=== Tactic 3 ===
* Create opportunities for students to tackle issues and hold workshops on creative thinking for local companies and start-ups. A hackathon layout would be ideal for this situation.

= Georgia Tech Student Vision =

We believe GT students can change the world. Our campus offers many resources, and even better faculty, to help innovation and creativity on campus. We need to connect the GT community by creating an umbrella organization to help students flow toward these resources on campus, and create channels for student-faculty relationships.

= University Innovation Council =

Despite the many great resources Georgia Tech currently has, the innovation and entrepreneurial movement, which is currently overtaking the nation, has been stalled on our campus due to lack of organization.

Students are unsure of, and mostly unaware of, the opportunities available to them beyond big-name resources such as [http://inventionstudio.gatech.edu/ the Invention Studio] or the [http://inventureprize.gatech.edu/ inVenture Prize] competition.

Organizations are struggling to grow, hold large events, or simply stay operational, because of a lack of assisted communication and constant overlap.

Professors are additionally wasting large amounts of time trying to connect with students, due to a lack of protocol and standardized connection.

Our program will exist to foster a passion and create sustainability for innovation and entrepreneurship (I&E) among all members of the Georgia Tech community.

The University Innovation Council will support three main areas: the student body, current campus organizations, and faculty/administration. This will improve the community by eliminating overlap, bringing students of all backgrounds and ages together, and encouraging administrative involvement. This will be done in the following ways:

'''For Student Members of the Georgia Tech Community'''

* Provide access to an umbrella calendar of I&E events
* Connect individual student interests to the I&E movement with others in the Georgia Tech community
* Formulate methods to encourage innovation at Tech
* Provide updates and other opportunities on a regular basis

'''For I&E Campus Organizations'''
* Host Forums
* Connect I&E organizations
* Provide consulting advice, support, and membership numbers
* Provide a yearly I&E wheel featuring individual organizations

'''For the Administration'''

* Dissolve the communication barrier between students, organizations, and the administration
* Form strategic partnerships with supporters of entrepreneurship
* Provide ‘voice’ of I&E for consulting
* Create a mentoring program for faculty to get involved in; help students develop ideas and turn them into a reality

Additionally, please refer to our [https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0 Campus Landscape Canvas] for both on-campus and off-campus resources, as well as local Atlanta-based resources.

This Campus Landscape Canvas illustrates all the resources on Georgia Tech’s campus for undergraduates, graduates, organizations, and faculty through perceived, potential, applied, realized, reframing, and institutional resources.
Through this map, we are able to fully maximize student, faculty, undergraduate, and graduate student interactions and improve the map for the future, based on our knowledge of the current environment.

== Student-Faculty Relations ==

Through the University Innovation Council, student-faculty interaction will be facilitated in three main ways:

# Students interested in getting involved with the I&E movement will be directly connected with a professor based on their ideas, needs, and goals. This introduction will save valuable time for the student by removing the searching process. This will also save time for the professor by introducing them to a student who is serious about their work and eager to network.
# Faculty will be able to directly interact and engage with movements on-campus that organizations and students are working on. Instead of being directed by several groups of people, faculty members will know all I&E-related movements are being directed by the University Innovation Council.
# Resources for both students and faculty will be maximized due to a new lack of overlap. The process of starting an I&E movement will have the ability to become streamlined, through its implementation in our organization.

== Wide Net Impact ==

By creating a centralized hub, the University Innovation Council will be able to run all I&E movements that Georgia Tech is starting. Our organization, the University Innovation Council, is one that will exist for the betterment of the entire university; not just one major, one club, or even one type of student.

Many undergraduate students have been inspired to create projects and invent in their classes and many graduate students have also been encouraged to turn their research and theses into entrepreneurial companies. This organization would really help graduate students network with undergraduates to easily allocate research positions, internships, and special projects, as well as vice-versa. It is a much more desirable way for them to see what undergraduate students are passionate about, instead of just going off of resumes and shallow connections.

Again, by providing an overarching umbrella, students will be able to focus on their ideas and goals, rather than spending so much time finding the necessary resources. The unique characteristic of I&E is that it's not limited to undergraduate and graduate students, it's for everyone.

== Sustainable Impact ==

By providing a council and infrastructure for I&E to operate under, new students will not have to worry about finding resources or connections (because they will already be provided). They will be able to just focus on the movement and their ideas, goals, and design processes. It will make the entrepreneurial experience less of a trial-and-error process, and more success stories will come out of the Georgia Tech entrepreneurial landscape. In addition, it will create a foundation on campus for other I&E movements to be built upon.

Through the University Innovation Council, students and faculty will be able to grow the I&E movement on campus together, as well as facilitate other movements going forward. This means that they will become more reliant on, and trusting of, each other. If both students and faculty are invested in the same issue and working together to make change happen, Georgia Tech's campus landscape in I&E will continue to grow in the future, which will only perpetuate the success of the I&E campus.

= Related Links =

[[Georgia Institute of Technology]]

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology_Student_Priorities Georgia Institute of Technology Student Priorities]

'''University Innovation Fellows'''

Fall 2020:

[https://universityinnovation.org/wiki/Fellow:Tynan_Purdy Tynan Purdy]

[https://universityinnovation.org/wiki/Fellow:Madison_Lovelace Madison Lovelace]

[https://universityinnovation.org/wiki/Fellow:Yuma_Tanaka Yuma Tanaka]

[https://universityinnovation.org/wiki/Fellow:Cole_Campbell Cole Campbell]

Fall 2019:

[http://universityinnovation.org/wiki/Margaret_Lu Margaret Lu]

[http://universityinnovation.org/wiki/Jeremy_Levin Jeremy Levin]

[http://universityinnovation.org/wiki/Cassie_McIltrot Cassie McIltrot]

[http://universityinnovation.org/wiki/Sierra_Mulrine Sierra Mulrine]

[[Stefanos Charalambous|Stefanos Charalambous]]

Fall 2017:

[http://universityinnovation.org/wiki/Risha_Parikh Risha Parikh]

[http://universityinnovation.org/wiki/Matthew_Lim Matthew Lim]

[http://universityinnovation.org/wiki/Taft_Weber-Kilpack Taft Weber-Kilpack]

[http://universityinnovation.org/wiki/HanSung_Kim HanSung Kim]

Spring 2017:

[http://universityinnovation.org/wiki/Julie_Leonard-Duke Julie Leonard-Duke]

[[Fang Shi|Fang Shi]]

[http://universityinnovation.org/wiki/Monali_Shah Monali Shah]

[http://universityinnovation.org/wiki/Jason_Weis Jason Weis]

Spring 2016:

[http://universityinnovation.org/wiki/Thomas_W._Clifton_V Thomas Clifton]

[http://universityinnovation.org/wiki/Kshitij_Kulkarni Kshitij Kulkarni]

[http://universityinnovation.org/wiki/Arshiya_Lal Arshiya Lal]

Fall 2015:

[http://universityinnovation.org/wiki/Utkarsh_Garg Utkarsh Garg]

Spring 2014:

[http://universityinnovation.org/wiki/Alex_Flohr Alex Flohr]

[http://universityinnovation.org/wiki/Megna_Saha Megna Saha]

[http://universityinnovation.org/wiki/Rachel_Ford Rachel Ford]

[[Category:Student Priorities|g]]
[[Category:Student Priorities]]
[[Category:Student Priorities]]
[[Category:Georgia_Institute_of_Technology]]
[[Category:Student_Priorities]]
{{CatTree|Georgia_Institute_of_Technology}}

School:Georgia Institute of Technology

2020-09-21T22:49:09Z

Mlovelace3: /* ENTREPRENEURSHIP AND INNOVATION CLASSES */

= Background =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">In April 2010, more than 140 leaders from higher education endorsed and submitted a letter to then-Commerce Secretary Gary Locke through his National Advisory Council on Innovation and Entrepreneurship (NACIE). These leaders, including Georgia Tech’s former president, G.P. “Bud” Peterson, committed to work more closely with industry, private foundations, investors, and local, state, and federal governments to promote innovation, entrepreneurship, and the commercialization of research results. Underlying their commitment was a willingness to employ strategies, enhance existing activities, and expand efforts in several areas, including:

*Promoting student innovation and entrepreneurship
*Encouraging faculty innovation and entrepreneurship
*Actively supporting the university technology transfer function
*Facilitating university – industry collaboration
*Engaging with regional and local economic development efforts

 <span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Department of Commerce’s Office of Innovation and Entrepreneurship (OIE) recently followed up with the signatories to better understand their efforts to embody and implement the ideas contained within the letter, as well as to improve their ability to develop policies and programs that support innovation, entrepreneurship, and the commercialization of research results. OIE is conducting phone calls with every respondent to discuss their strategies and develop a general outline of each of their initiatives.

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">For a select few institutions, including some who did not sign the NACIE letter, OIE has conducted a more thorough exploration of their strategies and initiatives. The goals of these “deep dives” are to discuss the historical and cultural context for the relevant work being done at leading institutions, highlight innovative practices, and uncover future trends. Through this exploration, OIE will be better equipped to advise on policies and develop future programs.

= Georgia Tech Campus Landscape =

The University Innovation Fellows of GT 2014 and 2015, created a campus map that guides students on the ways they can engage in innovation and entrepreneurship on campus. 

To view the complete landscape canvas for Georgia Tech's campus, and surrounding Atlanta area, please follow the link below:

GT 2014 - [https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0 https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0]

GT 2015 - [https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14 https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14]

GT 2016 - [https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp]

GT 2017 - [https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0 https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0]

GT 2017 FALL - [https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0 https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0]

GT 2019 - [https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing]

GT 2020 - [https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1 https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1]

= Overview – A Focus on Industry and Collaboration4 =

The Georgia Institute of Technology (Georgia Tech), a public research university in Atlanta, Georgia, is part of the University System of Georgia. Established in the 1880s on the heels of the Industrial Revolution, Georgia Tech’s mission has always focused on assisting industry. For example, the university’s basic and applied research efforts have been instrumental for the global aerospace industry, with Georgia Tech scientists playing key roles in the development of radar and other flight technologies. Georgia Tech focuses intently on the basic-to-applied research continuum throughout its comprehensive research programs in engineering, physical and life sciences, computing, and policy. Georgia Tech’s Strategic Vision and Plan () infuses a focus on innovation and entrepreneurism across the spectrum of basic and applied research as well as in its educational programs. Viewed in broad themes, research at Georgia Tech includes work in:

*Big Data;
*Biotechnology and Biomedicine;
*Electronics and Nanotechnology;
*Manufacturing, Trade, and Logistics;
*Materials;
*National Security;
*Paper and Science Technology;
*People and Technology;
*Public Service, Leadership, and Policy;
*Robotics;
*Sustainable Infrastructure and Energy; and
*Systems.

 Georgia Tech’s culture embodies a collaborative approach. It enlists outside partners and contributors including academic, governmental, industry, and nonprofit institutions in an effort to better understand and ensure the benefit of research to the nation. In 1937, Georgia Tech established what is now the Georgia Tech Research Corporation (GTRC), an internal outpost for engineering experimentation and entrepreneurial applications of engineering, science, and technology. Georgia Tech also operates the oldest and largest university-based business incubator in the United States, the Advanced Technology Development Center, which was established in the 1980s to provide a range of services and facilities for entrepreneurs to launch and build new companies. Recognized by Forbes in 2010, the Advanced Technology Development Center has graduated 143 new companies, which have helped create millions of dollars in revenues and which together have attracted nearly $2.5 billion in capital activity. Capital activity includes venture capital funding, other investment, and the value of mergers and acquisitions.

Georgia Tech incorporates several strategies to ensure that it continually improves and expands its services to industry. To ensure it meets its fiduciary responsibilities and maintains public trust and confidence, the university continually strives to reduce bureaucratic barriers and modify underperforming initiatives. For example, the university has launched the Georgia Tech Integrated Program for Startups, GT:IPS™, which combines a streamlined licensing program with organized support for faculty and student inventor-entrepreneurs. The program provides information and education for entrepreneurs to help them form stronger, more successful companies, and the streamlined GT:IPS license agreement helps simplify negotiations and “take the drama off the table.”

Three of Georgia Tech’s more recent initiatives to promote innovation and entrepreneurship based on broad stakeholder partnerships include Flashpoint, NSF I-Corps, and the Global Center for Medical Innovation. Flashpoint, a Georgia Tech startup accelerator program established in 2011, encourages basic and applied research and facilitates their transfer to the marketplace through entrepreneurial education and access to experienced mentors, experts, investors, and stars in an open, immersive, shared-learning workspace.

In July 2012, Georgia Tech was named as a node for the National Science Foundation’s I-Corps program. NSF Director Subra Suresh describes I-Corps as a program to “leverage productive public-private partnerships and extend the impact of fundamental research discoveries.” He noted that it has “inspired the research and business communities to collaborate in new ways.” Georgia Tech is serving as a teaching site for the hands-on I-Corps curriculum.

Finally, the Global Center for Medical Innovation, which opened in 2012 with support from the Economic Development Authority’s i6 Program, will bring together core members of the medical device community — including universities, research centers, clinicians, established device and drug companies, investors, and early-stage companies — with the goal of accelerating the commercialization of innovative medical technology.

The NACIE commitment letter was broadly disseminated to Georgia Tech faculty and administrators and elicited general consensus prior to President Peterson’s endorsement. University stakeholders who were invited to review and comment on the letter were found to be already committed to its expressed ideas and goals. The letter’s real impact was to add “force” and “intentionality” to Georgia Tech’s innovation, entrepreneurship, and tech transfer strategic vision by providing a time scale for faculty and administration efforts, documenting their commitment, and holding them accountable.

Innovation and entrepreneurism are hallmarks of educational programs as well as research and technology transfer. Problem-based learning gives students an opportunity to develop ideas and technologies within their disciplines, and increasingly, activities such as the General Electric Smart Grid Challenge () provide a venue for companies to explore disruptive concepts through student engagement.

Over the past few years, Georgia Tech's entrepreneurial ecosystem has been growing rapidly, with both, faculty led and student led initiatives. There are startup clubs, startup discussions and even new funds through Georgia Tech that foster student innovation and encourage students to develop their idea/innovations into marketable products.

Below is an enumeration of several Georgia Tech programs and initiatives that support the five buckets in the NACIE sponsored university commitment letter.

= STUDENT ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Students at Georgia Tech are an active part of research and discovery. In fact, over 70 percent of invention disclosures name one or more students among the inventors. As part of a broader effort to foster innovation and entrepreneurship within its student community, Georgia Tech has several initiatives, including:

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://inventionstudio.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Invention Studio]— student-run design-build-play space open to all Georgia Tech students. It is staffed by University Lab Instructors, student volunteers who are on hand to train new students on machines and help with invention prototypes.The space provides resources for designing, prototyping, and sharing ideas through workshops, vendor networks, experienced guidance, and access to cutting edge machines.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>[https://industry.gatech.edu/researcher-toolkit/launching-startup <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Integrated Program for Startups, GT:IPS]— An initiative that supports faculty and student inventor-entrepreneurs through two components: GT:IPS Facilitation, a graduated program of support, information, and education for new company founders; and GT:IPS License, which offers the same terms to all Georgia Tech startups in the same field and provides them with transparency into Georgia Tech Research Corporation’s (GTRC) licensing processes.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://inventureprize.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">InVenture™ Prize]—An annual competition that inspires undergraduate teams to create inventions that will be judged by experts for more than $30,000 in cash prizes from Georgia Tech and sponsoring corporations. First and second place winners receive patent filings funded by GTRC, and in March 2011, a “People’s Choice” award was sponsored by NCR Corporation.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/tiger/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">TI:GER<span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">]— An award-winning program and partnership between Georgia Tech and Emory University School of Law that brings together PhD, MBA, and law students to experience the challenges of commercializing innovative technologies. Now approaching its 10th anniversary in 2012, TI:GER is expanding to global entrepreneurship and has become an established part of the entrepreneurial education of graduate students on both campuses.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://innovation.cae.gatech.edu/businessplan <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Business Plan Competitions]— An annual competition, held by the Scheller College of Business and the Institute for Leadership and Entrepreneurship to foster entrepreneurship among Georgia Tech students and recent alumni is just an example among many of Business Plan Competitions available at Georgia Tech. Since its inception, more than 650 participants have received approximately $570,000 in cash and services, and each year several teams launch companies to take their product concepts to market. To date, eight winning teams have been accepted into Georgia Tech’s Advanced Technology Development Center. </li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/i2s/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Ideas to SERVE (I2S)]— An annual competition of ideas where creativity, imagination, and the use of technology are applied innovatively to solve community and social issues and sustain the environment. Started as a specialty track of the Business Plan Competition in 2009, I2S has quickly grown into a separate event, contributing to Georgia Tech’s portfolio of programs that foster entrepreneurship. I2S is open to Georgia Tech students and recent alumni.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Summer, Create-X]— A GT program founded in the summer of 2015 that offers student teams $20,000 and mentorship over the summer to pursue their startup with a full time commitment. It is part of Create-X, a Georgia Tech initiative to instill entrepreneurial confidence in students and empower them to launch real startups. The broader goal of this initiative is to provide the knowledge, skills, abilities, and experiences that will give Georgia Tech graduates the confidence to create their own future and confidently pursue entrepreneurial opportunities.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.startup.exchange/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Exchange]— This is a student run organization that meets weekly, and organizes huddles and meetups with other student entrepreneurs, students looking to be entrepreneurs and successful entrepreneurs from the Atlanta area.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/idea-prototype <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Idea to Prototype]- This is a GT run program that offers course credit, research grants and faculty mentorship to student teams that want to pursue their idea and turn it into an actual product, over a period of 1-2 semesters.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/gsvc/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Global Social Venture Competition]- This is a global competition for student entrepreneurs in the social sector. Georgia Tech is the East Coast hub of the GSVC, with Berkeley in the West Coast.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.cic.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Convergence Innovation Competition]- This is a technology innovation competition organized by the GT RNOC every semester, to foster innovation in specific areas of technology, like telecommunications and transport. </li>
</ul>

 

*[http://designcollaborative.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Design Bloc]– A classroom and prototyping space that emphasizes design thinking through design behavior. The 5 tenants that students are taught are Empathy, Rapid Iteration, Contextual Awareness, Entrepreneurial Spirit and Creative Craft.



*  [https://www.vip.gatech.edu/ <span style="font-size: 11pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Vertically Integrated Projects (VIP)]<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">- A program that engages undergraduate and graduate students in multidisciplinary project teams that are led by faculty in many areas of scholarship. Undergraduate students earn credit for their efforts, and have the opportunity to work with teams on different projects. 

= ENTREPRENEURSHIP AND INNOVATION CLASSES =

* [http://www.invention.gatech.edu/about/ GT 2803 - “Your Idea, Your Invention" ] - This course provides practice-based fundamentals to students interested in invention: ideas and actions that create value and lead to positive change. In this course, invention is considered in the broadest sense. Examples include not only technologies, but the U.S. Constitution, games, manifestos, economic theories, symphonies, and systems like the cloverleaf for traffic control.

* [https://grandchallenges.gatech.edu/content/course-information PUBP 1142 - Teams and Collaboration] - This course works on developing the interpersonal, team, and design thinking skills necessary for making progress against wicked problems.

* [https://grandchallenges.gatech.edu/content/course-information GT 1201 - Exploring Grand Challenges] - The course is comprised of a series of problems that are issued throughout the semester instead of a traditional lecture or lab.

* [http://enrichment.gatech.edu/gt1000/schedule GT 1000 "Startup" and "Research Innovation"] - This class is for any freshman at GT with an interest in design thinking.

* [https://2110.me.gatech.edu/ ME 2110: Creative Decisions and Design] - This class is specifically more Mechanical Engineering majors with an interest in design thinking.

= FACULTY ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech has several awards and programs to incentivize faculty to mentor graduate students, or themselves, to pursue innovative research and entrepreneurial ideas. These include:
<ul style="margin-top:0;margin-bottom:0;">
<li>Bio-impact Commercialization Team (BCT)— An initiative focusing on research in biomedicine whereby faculty members and the venture capital community work closely with experts in the biomedical device space to facilitate translational research and commercialization. The Wallace H. Coulter Foundation will fund the BCT’s translational research and development projects.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>I Corps - The [https://innovate.gatech.edu/programs-old/innovation-corps-icorps/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Innovation Corps (I-Corps)] teaches National Science Foundation (NSF) grantees to identify valuable product opportunities that can emerge from academic research and offers entrepreneurship training to student participants. I-Corps is a public-private partnership that prepares students to extend your focus beyond the laboratory by broadening the impact of select, NSF-funded basic-research projects.  The primary goal of I-Corps is to foster entrepreneurship that will lead to the commercialization of technology that has been supported by NSF-funded research.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Humanitarian Design and Engineering Studio- [https://design.gatech.edu/news/georgia-techs-new-humanitarian-design-studio-tackles-water-energy-public-health <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Rehabilitation Engineering and Applied Research (REAR) Lab] undertakes applied research and device development targeting the increased health and function of persons with disabilities. Specific areas of interest include: wheeled mobility and seating, pressure ulcer prevention and treatment; design of diagnostic tissue interrogation devices; design of assistive technology.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Enterprise Innovation Institute - [https://innovate.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Enterprise Innovation Institute] is Georgia Tech’s chief business outreach and economic development organization. The core mission is to help business, industry, entrepreneurs, and economic developers across Georgia grow and remain competitive.</li>
</ul>



= University Technology Transfer Functions =

*The Georgia Tech Research Corporation ([https://gtrc.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">GTRC])— The contracting entity responsible for several of the university’s tech transfer and licensing processes. GTRC also aims to accelerate the formation of robust Georgia Tech spinout companies and broaden participation in entrepreneurship among faculty and students. In addition, GTRC has revised master agreement terms and developed new template agreements to meet the needs of industry sponsors as technologies progress in development.



*Georgia Tech VentureLab— The [https://venturelab.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Venture Lab]  is a one-stop-shop providing comprehensive assistance to faculty, research staff, and students who want to take their technology innovations from the laboratory to the commercial market. VentureLab specialists help these innovators “start up” by assisting in business plan development, connecting them with experienced entrepreneurs, and locating sources of early-stage financing, including seed grants from the Georgia Research Alliance. The program has fostered, on average, one new spin out each month over the last three years.

*Georgia Tech Edison Fund — The [https://innovate.gatech.edu/front-page/edison-fund-established/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Edison Fund] is a source for modest investments into early-stage technology startups that have a strong connection to Georgia Tech. This fund makes use of targeted charitable contributions from Georgia Tech alumni and friends.

*Flashpoint  — [https://www.cc.gatech.edu/flashpoint-startup-engineering <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Flashpoint] creates better startups, faster, welcoming committed founders with domain knowledge and a passion for responding to the needs of their customers. Flashpoint helps shape startups with true market + product fit, reduced risks, lower costs, and a better chance of high quality success. Flashpoint is not classified as an incubator or accelerator, but rather a rigorous management and education program that works closely with founders to create companies.

*Advanced Technology Development Center ([https://atdc.org/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">ATDC]) - ATDC is a startup incubator at Georgia Tech that helps technology entrepreneurs in Georgia launch and build successful companies. Headquartered in Atlanta's Technology Square, ATDC serves as the hub for technology entrepreneurship in Georgia. ATDC Select is a three-year incubator program for high potential technology companies.  

*Keen Foundation Partnership- Georgia Tech and [https://www.bme.gatech.edu/bme/coulter-department-receives-keen-award <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">KEEN] share the vision of revolutionizing engineering education by fostering within students an entrepreneurial mindset, creating interdependent learners who are fearless in the face of a complex problem.



= University-Industry Collaboration =

*University-Industry Demonstration Partnership ([https://uidp.org/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">UIDP])— An activity of the National Academies that works to demonstrate innovative approaches to research engagement and improve relationships with private industry for research and commercialization of inventions. Georgia Tech has been a member and active participant since the UIDP was founded in 2005. The recently published Researcher Guide, a collaborative effort of UIDP university and industry members, provides information for university and company scientists and engineers who wish to engage in sponsored or collaborative research.



*<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Office of Industry Engagement (ICAL)<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">— An organization that works in close coordination with faculty, academic units, and university offices, including the Office of Sponsored Programs, Office of Innovation Commercialization and Translational Research, Enterprise Innovation Institute (EI²), and Advanced Technology Development Center, in their partnerships with private industry to help promote industry-sponsored research and further technology commercialization. Types of agreements facilitated by ICAL include nondisclosure, industry collaboration, consortium, memorandum of understanding, center bylaws, testing, and SBIR.

 

= Regional and Local Economic Development =

An economic impact study by the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business indicates that Georgia Tech made a $3.35 billion economic impact during the fiscal year 2018, the highest of any institution in the University System of Georgia (USG). The study also found that Georgia Tech generated 27,065 full- and part-time jobs. Most of the economic impact in the study consists of initial spending by USG institutions for salaries and benefits, supplies and expenses, and other budgeted expenditures, as well as spending by students who attend the institutions.

Georgia Tech also impacts the local and regional economy in several other ways, including:

*Research partnerships with business and industry in the state of Georgia and throughout the Southeast;
*Economic development services to help make Georgia’s small and medium-sized businesses and communities more innovative and efficient;
*The more than 48,000 Georgia Tech alumni who live and work in the state;
*Research labs that produce more than 300 invention disclosures annually;
*A strong patent portfolio, ranked eighth among the top 124 universities according to the 2009 Universities Patent Scorecard;
*Spinning off an average of ten new companies a year;
*The Economic Development Authority i6 grant, which we received in 2010 to support innovation and entrepreneurship and boost the quality of high-growth startups in the region. EDA funding has helped advance economic development activities through Georgia Tech’s University Center of Excellence and also through a recent Jobs Accelerator award, where Georgia Tech partners with Gwinnett Tech to prepare students for work in health information technology; and
*EI2, which serves Georgia through a network of industry specialists located in nine regions throughout the state. These specialists provide local businesses with direct technical and engineering assistance, professional education courses, networking opportunities, and connections to Georgia Tech resources.

 

During fiscal year 2018 alone, Georgia Tech’s Enterprise Innovation Institute (EI2):

*Number of clients served by EI^2 programs: 10,752
*Number of jobs created by or saved by EI^2-assisted clients: 15,724
*GaMEP-assisted manufacturing clients created or retained 2,047 jobs
*Evaluated 235 GT faculty member research innovations
*Served 505 technology startup companies
*Assisted 96 minority entrepreneurs resulting in $93 million in new contracts, sales, and financing
*Helped Georgia Manufacturers slash operating costs by $40 million
*Helped Georgia Manufacturers increase sales by $219 million
*Served 1,440 Georgia manufacturing companies
*Helped create or save 1,910 manufacturing jobs

 

= Deep-Dive Questions =

*How can Georgia Tech’s focus be shifted to further support innovation and entrepreneurship?
*Why is it important to support innovation?
*What is the relationship between innovation, entrepreneurship and tech transfer?
*How do you envision your program in the future?
*What is your vision for each of the case study’s buckets?
*How does your institution leverage, or intend to leverage, geographic endowment?
*Are your innovation, entrepreneurship, and tech transfer programs integrated? Why?
*Are there any uniquely successful or failed programs at your school you may wish to learn from?
*What can be done to make the student and faculty mindset on campus more entrepreneurial?
*How can GT’s focus on industry be used to motivate innovation on campus?

= Conclusion =

The Georgia Institute of Technology is a top-10 public research university and an Association of American Universities (AAU) member school. Jilda Garton’s comments have been instructive in better understanding Georgia Tech’s many entrepreneurship, research, and technology transfer programs, in addition to the impact of the NACIE commitment letter in framing Georgia Tech’s strategic plans and institutional culture.

The Georgia Tech entrepreneurship ecosystem is well in its advanced stages, yet it lacks in some minor areas. When addressed, GT will truly be an entrepreneurial campus, where every student can pursue entrepreneurship without any fear, and with the full support of all around them.

The Office of Innovation and Entrepreneurship thanks Georgia Tech’s assistance with this case study and looks forward to a continued close and collaborative relationship in building America’s innovation infrastructure.
<div>
Go Jackets!

----
<div id="ftn1">
4Comments By Jilda D. Garton, Vice Provost for Research, General Manager, GTRC and GTARC
</div></div><div> 
----
<div id="edn1">
New Entrepreneurship & Innovations Programs:
</div><div id="edn2">
New Entrepreneurship & Innovations Programs:
</div><div id="edn3">
The Office of Industry Collaborations and Affiliated Licenses (ICAL):
</div><div id="edn4">
Economic Impact of University System Reaches $13.2 Billion: www.usg.edu/news/release/economic_impact_of_university_system_reaches_13.2_billion
</div><div id="edn5">
Tech's Economic Impact on Georgia:

Source: "The Innovative and Entrepreneurial University: Higher Education, Innovation & Entrepreneurship in Focus", Department of Commerce, October 2013.
</div></div>
= Related Links =

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology Georgia Institute of Technology]

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology_Student_Priorities Georgia Institute of Technology Student Priorities]

'''University Innovation Fellows''

Fall 2020:

[https://universityinnovation.org/wiki/Fellow:Tynan_Purdy Tynan Purdy]

[https://universityinnovation.org/wiki/Fellow:Yuma_Tanaka Yuma Tanaka]

[https://universityinnovation.org/wiki/Fellow:Cole_Campbell Cole Campbell]

[https://universityinnovation.org/wiki/Fellow:Madison_Lovelace Madison Lovelace]

Fall 2019:

[http://universityinnovation.org/wiki/Jeremy_Levin Jeremy Levin]

[[Cassie McIltrot|Cassie McIltrot]]

[http://universityinnovation.org/wiki/Sierra_Mulrine Sierra Mulrine]

[[Margaret Lu|Margaret Lu]]

[[Jordan Lym|Jordan Lym ]]

[http://universityinnovation.org/wiki/Hunter_schaufel Hunter Schaufel]

[[Stefanos Charalambous|Stefanos Charalambous]]

Fall 2017:

[http://universityinnovation.org/wiki/Risha_Parikh Risha Parikh]

[http://universityinnovation.org/wiki/Taft_Weber-Kilpack Taft Weber-Kilpack]

[http://universityinnovation.org/wiki/HanSung_Kim HanSung Kim]

Spring 2017:

[http://universityinnovation.org/wiki/Julie_Leonard-Duke Julie Leonard-Duke]

[[Fang Shi|Fang Shi]]

[http://universityinnovation.org/wiki/Monali_Shah Monali Shah]

[http://universityinnovation.org/wiki/Jason_Weis Jason Weis]

Spring 2016:

[http://universityinnovation.org/wiki/Thomas_W._Clifton_V Thomas Clifton]

[http://universityinnovation.org/wiki/Kshitij_Kulkarni Kshitij Kulkarni]

[http://universityinnovation.org/wiki/Arshiya_Lal Arshiya Lal]

Fall 2015:

[http://universityinnovation.org/wiki/Utkarsh_Garg Utkarsh Garg]

Spring 2014:

[http://universityinnovation.org/wiki/Alex_Flohr Alex Flohr]

[http://universityinnovation.org/wiki/Megna_Saha Megna Saha]

[http://universityinnovation.org/wiki/Rachel_Ford Rachel Ford]

[[Category:Universities]]
[[Category:Schools]]
[[Category:Georgia_Institute_of_Technology]]
{{CatTree|Georgia_Institute_of_Technology}}

School:Georgia Institute of Technology

2020-09-21T22:47:27Z

Mlovelace3: /* ENTREPRENEURSHIP AND INNOVATION CLASSES */

= Background =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">In April 2010, more than 140 leaders from higher education endorsed and submitted a letter to then-Commerce Secretary Gary Locke through his National Advisory Council on Innovation and Entrepreneurship (NACIE). These leaders, including Georgia Tech’s former president, G.P. “Bud” Peterson, committed to work more closely with industry, private foundations, investors, and local, state, and federal governments to promote innovation, entrepreneurship, and the commercialization of research results. Underlying their commitment was a willingness to employ strategies, enhance existing activities, and expand efforts in several areas, including:

*Promoting student innovation and entrepreneurship
*Encouraging faculty innovation and entrepreneurship
*Actively supporting the university technology transfer function
*Facilitating university – industry collaboration
*Engaging with regional and local economic development efforts

 <span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Department of Commerce’s Office of Innovation and Entrepreneurship (OIE) recently followed up with the signatories to better understand their efforts to embody and implement the ideas contained within the letter, as well as to improve their ability to develop policies and programs that support innovation, entrepreneurship, and the commercialization of research results. OIE is conducting phone calls with every respondent to discuss their strategies and develop a general outline of each of their initiatives.

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">For a select few institutions, including some who did not sign the NACIE letter, OIE has conducted a more thorough exploration of their strategies and initiatives. The goals of these “deep dives” are to discuss the historical and cultural context for the relevant work being done at leading institutions, highlight innovative practices, and uncover future trends. Through this exploration, OIE will be better equipped to advise on policies and develop future programs.

= Georgia Tech Campus Landscape =

The University Innovation Fellows of GT 2014 and 2015, created a campus map that guides students on the ways they can engage in innovation and entrepreneurship on campus. 

To view the complete landscape canvas for Georgia Tech's campus, and surrounding Atlanta area, please follow the link below:

GT 2014 - [https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0 https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0]

GT 2015 - [https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14 https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14]

GT 2016 - [https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp]

GT 2017 - [https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0 https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0]

GT 2017 FALL - [https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0 https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0]

GT 2019 - [https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing]

GT 2020 - [https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1 https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1]

= Overview – A Focus on Industry and Collaboration4 =

The Georgia Institute of Technology (Georgia Tech), a public research university in Atlanta, Georgia, is part of the University System of Georgia. Established in the 1880s on the heels of the Industrial Revolution, Georgia Tech’s mission has always focused on assisting industry. For example, the university’s basic and applied research efforts have been instrumental for the global aerospace industry, with Georgia Tech scientists playing key roles in the development of radar and other flight technologies. Georgia Tech focuses intently on the basic-to-applied research continuum throughout its comprehensive research programs in engineering, physical and life sciences, computing, and policy. Georgia Tech’s Strategic Vision and Plan () infuses a focus on innovation and entrepreneurism across the spectrum of basic and applied research as well as in its educational programs. Viewed in broad themes, research at Georgia Tech includes work in:

*Big Data;
*Biotechnology and Biomedicine;
*Electronics and Nanotechnology;
*Manufacturing, Trade, and Logistics;
*Materials;
*National Security;
*Paper and Science Technology;
*People and Technology;
*Public Service, Leadership, and Policy;
*Robotics;
*Sustainable Infrastructure and Energy; and
*Systems.

 Georgia Tech’s culture embodies a collaborative approach. It enlists outside partners and contributors including academic, governmental, industry, and nonprofit institutions in an effort to better understand and ensure the benefit of research to the nation. In 1937, Georgia Tech established what is now the Georgia Tech Research Corporation (GTRC), an internal outpost for engineering experimentation and entrepreneurial applications of engineering, science, and technology. Georgia Tech also operates the oldest and largest university-based business incubator in the United States, the Advanced Technology Development Center, which was established in the 1980s to provide a range of services and facilities for entrepreneurs to launch and build new companies. Recognized by Forbes in 2010, the Advanced Technology Development Center has graduated 143 new companies, which have helped create millions of dollars in revenues and which together have attracted nearly $2.5 billion in capital activity. Capital activity includes venture capital funding, other investment, and the value of mergers and acquisitions.

Georgia Tech incorporates several strategies to ensure that it continually improves and expands its services to industry. To ensure it meets its fiduciary responsibilities and maintains public trust and confidence, the university continually strives to reduce bureaucratic barriers and modify underperforming initiatives. For example, the university has launched the Georgia Tech Integrated Program for Startups, GT:IPS™, which combines a streamlined licensing program with organized support for faculty and student inventor-entrepreneurs. The program provides information and education for entrepreneurs to help them form stronger, more successful companies, and the streamlined GT:IPS license agreement helps simplify negotiations and “take the drama off the table.”

Three of Georgia Tech’s more recent initiatives to promote innovation and entrepreneurship based on broad stakeholder partnerships include Flashpoint, NSF I-Corps, and the Global Center for Medical Innovation. Flashpoint, a Georgia Tech startup accelerator program established in 2011, encourages basic and applied research and facilitates their transfer to the marketplace through entrepreneurial education and access to experienced mentors, experts, investors, and stars in an open, immersive, shared-learning workspace.

In July 2012, Georgia Tech was named as a node for the National Science Foundation’s I-Corps program. NSF Director Subra Suresh describes I-Corps as a program to “leverage productive public-private partnerships and extend the impact of fundamental research discoveries.” He noted that it has “inspired the research and business communities to collaborate in new ways.” Georgia Tech is serving as a teaching site for the hands-on I-Corps curriculum.

Finally, the Global Center for Medical Innovation, which opened in 2012 with support from the Economic Development Authority’s i6 Program, will bring together core members of the medical device community — including universities, research centers, clinicians, established device and drug companies, investors, and early-stage companies — with the goal of accelerating the commercialization of innovative medical technology.

The NACIE commitment letter was broadly disseminated to Georgia Tech faculty and administrators and elicited general consensus prior to President Peterson’s endorsement. University stakeholders who were invited to review and comment on the letter were found to be already committed to its expressed ideas and goals. The letter’s real impact was to add “force” and “intentionality” to Georgia Tech’s innovation, entrepreneurship, and tech transfer strategic vision by providing a time scale for faculty and administration efforts, documenting their commitment, and holding them accountable.

Innovation and entrepreneurism are hallmarks of educational programs as well as research and technology transfer. Problem-based learning gives students an opportunity to develop ideas and technologies within their disciplines, and increasingly, activities such as the General Electric Smart Grid Challenge () provide a venue for companies to explore disruptive concepts through student engagement.

Over the past few years, Georgia Tech's entrepreneurial ecosystem has been growing rapidly, with both, faculty led and student led initiatives. There are startup clubs, startup discussions and even new funds through Georgia Tech that foster student innovation and encourage students to develop their idea/innovations into marketable products.

Below is an enumeration of several Georgia Tech programs and initiatives that support the five buckets in the NACIE sponsored university commitment letter.

= STUDENT ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Students at Georgia Tech are an active part of research and discovery. In fact, over 70 percent of invention disclosures name one or more students among the inventors. As part of a broader effort to foster innovation and entrepreneurship within its student community, Georgia Tech has several initiatives, including:

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://inventionstudio.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Invention Studio]— student-run design-build-play space open to all Georgia Tech students. It is staffed by University Lab Instructors, student volunteers who are on hand to train new students on machines and help with invention prototypes.The space provides resources for designing, prototyping, and sharing ideas through workshops, vendor networks, experienced guidance, and access to cutting edge machines.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>[https://industry.gatech.edu/researcher-toolkit/launching-startup <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Integrated Program for Startups, GT:IPS]— An initiative that supports faculty and student inventor-entrepreneurs through two components: GT:IPS Facilitation, a graduated program of support, information, and education for new company founders; and GT:IPS License, which offers the same terms to all Georgia Tech startups in the same field and provides them with transparency into Georgia Tech Research Corporation’s (GTRC) licensing processes.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://inventureprize.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">InVenture™ Prize]—An annual competition that inspires undergraduate teams to create inventions that will be judged by experts for more than $30,000 in cash prizes from Georgia Tech and sponsoring corporations. First and second place winners receive patent filings funded by GTRC, and in March 2011, a “People’s Choice” award was sponsored by NCR Corporation.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/tiger/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">TI:GER<span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">]— An award-winning program and partnership between Georgia Tech and Emory University School of Law that brings together PhD, MBA, and law students to experience the challenges of commercializing innovative technologies. Now approaching its 10th anniversary in 2012, TI:GER is expanding to global entrepreneurship and has become an established part of the entrepreneurial education of graduate students on both campuses.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://innovation.cae.gatech.edu/businessplan <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Business Plan Competitions]— An annual competition, held by the Scheller College of Business and the Institute for Leadership and Entrepreneurship to foster entrepreneurship among Georgia Tech students and recent alumni is just an example among many of Business Plan Competitions available at Georgia Tech. Since its inception, more than 650 participants have received approximately $570,000 in cash and services, and each year several teams launch companies to take their product concepts to market. To date, eight winning teams have been accepted into Georgia Tech’s Advanced Technology Development Center. </li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/i2s/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Ideas to SERVE (I2S)]— An annual competition of ideas where creativity, imagination, and the use of technology are applied innovatively to solve community and social issues and sustain the environment. Started as a specialty track of the Business Plan Competition in 2009, I2S has quickly grown into a separate event, contributing to Georgia Tech’s portfolio of programs that foster entrepreneurship. I2S is open to Georgia Tech students and recent alumni.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Summer, Create-X]— A GT program founded in the summer of 2015 that offers student teams $20,000 and mentorship over the summer to pursue their startup with a full time commitment. It is part of Create-X, a Georgia Tech initiative to instill entrepreneurial confidence in students and empower them to launch real startups. The broader goal of this initiative is to provide the knowledge, skills, abilities, and experiences that will give Georgia Tech graduates the confidence to create their own future and confidently pursue entrepreneurial opportunities.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.startup.exchange/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Exchange]— This is a student run organization that meets weekly, and organizes huddles and meetups with other student entrepreneurs, students looking to be entrepreneurs and successful entrepreneurs from the Atlanta area.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/idea-prototype <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Idea to Prototype]- This is a GT run program that offers course credit, research grants and faculty mentorship to student teams that want to pursue their idea and turn it into an actual product, over a period of 1-2 semesters.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/gsvc/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Global Social Venture Competition]- This is a global competition for student entrepreneurs in the social sector. Georgia Tech is the East Coast hub of the GSVC, with Berkeley in the West Coast.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.cic.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Convergence Innovation Competition]- This is a technology innovation competition organized by the GT RNOC every semester, to foster innovation in specific areas of technology, like telecommunications and transport. </li>
</ul>

 

*[http://designcollaborative.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Design Bloc]– A classroom and prototyping space that emphasizes design thinking through design behavior. The 5 tenants that students are taught are Empathy, Rapid Iteration, Contextual Awareness, Entrepreneurial Spirit and Creative Craft.



*  [https://www.vip.gatech.edu/ <span style="font-size: 11pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Vertically Integrated Projects (VIP)]<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">- A program that engages undergraduate and graduate students in multidisciplinary project teams that are led by faculty in many areas of scholarship. Undergraduate students earn credit for their efforts, and have the opportunity to work with teams on different projects. 

= ENTREPRENEURSHIP AND INNOVATION CLASSES =

* [http://www.invention.gatech.edu/about/ GT 2803 - “Your Idea, Your Invention" ] - This course provides practice-based fundamentals to students interested in invention: ideas and actions that create value and lead to positive change. In this course, invention is considered in the broadest sense. Examples include not only technologies, but the U.S. Constitution, games, manifestos, economic theories, symphonies, and systems like the cloverleaf for traffic control.

* [https://grandchallenges.gatech.edu/content/course-information PUBP 1142 - Teams and Collaboration] - This course works on developing the interpersonal, team, and design thinking skills necessary for making progress against wicked problems.

* [https://grandchallenges.gatech.edu/content/course-information GT 1201 - Exploring Grand Challenges] - The course is comprised of a series of problems that are issued throughout the semester instead of a traditional lecture or lab.

* [http://enrichment.gatech.edu/gt1000/schedule GT 1000 "Startup" and "Research Innovation"] - This class is for any freshman at GT with an interest in design thinking.

* [https://2110.me.gatech.edu/ ME 2110: Creative Decisions and Design] - "This class is specifically more Mechanical Engineering majors with an interest in design thinking.

= FACULTY ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech has several awards and programs to incentivize faculty to mentor graduate students, or themselves, to pursue innovative research and entrepreneurial ideas. These include:
<ul style="margin-top:0;margin-bottom:0;">
<li>Bio-impact Commercialization Team (BCT)— An initiative focusing on research in biomedicine whereby faculty members and the venture capital community work closely with experts in the biomedical device space to facilitate translational research and commercialization. The Wallace H. Coulter Foundation will fund the BCT’s translational research and development projects.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>I Corps - The [https://innovate.gatech.edu/programs-old/innovation-corps-icorps/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Innovation Corps (I-Corps)] teaches National Science Foundation (NSF) grantees to identify valuable product opportunities that can emerge from academic research and offers entrepreneurship training to student participants. I-Corps is a public-private partnership that prepares students to extend your focus beyond the laboratory by broadening the impact of select, NSF-funded basic-research projects.  The primary goal of I-Corps is to foster entrepreneurship that will lead to the commercialization of technology that has been supported by NSF-funded research.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Humanitarian Design and Engineering Studio- [https://design.gatech.edu/news/georgia-techs-new-humanitarian-design-studio-tackles-water-energy-public-health <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Rehabilitation Engineering and Applied Research (REAR) Lab] undertakes applied research and device development targeting the increased health and function of persons with disabilities. Specific areas of interest include: wheeled mobility and seating, pressure ulcer prevention and treatment; design of diagnostic tissue interrogation devices; design of assistive technology.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Enterprise Innovation Institute - [https://innovate.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Enterprise Innovation Institute] is Georgia Tech’s chief business outreach and economic development organization. The core mission is to help business, industry, entrepreneurs, and economic developers across Georgia grow and remain competitive.</li>
</ul>



= University Technology Transfer Functions =

*The Georgia Tech Research Corporation ([https://gtrc.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">GTRC])— The contracting entity responsible for several of the university’s tech transfer and licensing processes. GTRC also aims to accelerate the formation of robust Georgia Tech spinout companies and broaden participation in entrepreneurship among faculty and students. In addition, GTRC has revised master agreement terms and developed new template agreements to meet the needs of industry sponsors as technologies progress in development.



*Georgia Tech VentureLab— The [https://venturelab.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Venture Lab]  is a one-stop-shop providing comprehensive assistance to faculty, research staff, and students who want to take their technology innovations from the laboratory to the commercial market. VentureLab specialists help these innovators “start up” by assisting in business plan development, connecting them with experienced entrepreneurs, and locating sources of early-stage financing, including seed grants from the Georgia Research Alliance. The program has fostered, on average, one new spin out each month over the last three years.

*Georgia Tech Edison Fund — The [https://innovate.gatech.edu/front-page/edison-fund-established/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Edison Fund] is a source for modest investments into early-stage technology startups that have a strong connection to Georgia Tech. This fund makes use of targeted charitable contributions from Georgia Tech alumni and friends.

*Flashpoint  — [https://www.cc.gatech.edu/flashpoint-startup-engineering <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Flashpoint] creates better startups, faster, welcoming committed founders with domain knowledge and a passion for responding to the needs of their customers. Flashpoint helps shape startups with true market + product fit, reduced risks, lower costs, and a better chance of high quality success. Flashpoint is not classified as an incubator or accelerator, but rather a rigorous management and education program that works closely with founders to create companies.

*Advanced Technology Development Center ([https://atdc.org/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">ATDC]) - ATDC is a startup incubator at Georgia Tech that helps technology entrepreneurs in Georgia launch and build successful companies. Headquartered in Atlanta's Technology Square, ATDC serves as the hub for technology entrepreneurship in Georgia. ATDC Select is a three-year incubator program for high potential technology companies.  

*Keen Foundation Partnership- Georgia Tech and [https://www.bme.gatech.edu/bme/coulter-department-receives-keen-award <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">KEEN] share the vision of revolutionizing engineering education by fostering within students an entrepreneurial mindset, creating interdependent learners who are fearless in the face of a complex problem.



= University-Industry Collaboration =

*University-Industry Demonstration Partnership ([https://uidp.org/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">UIDP])— An activity of the National Academies that works to demonstrate innovative approaches to research engagement and improve relationships with private industry for research and commercialization of inventions. Georgia Tech has been a member and active participant since the UIDP was founded in 2005. The recently published Researcher Guide, a collaborative effort of UIDP university and industry members, provides information for university and company scientists and engineers who wish to engage in sponsored or collaborative research.



*<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Office of Industry Engagement (ICAL)<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">— An organization that works in close coordination with faculty, academic units, and university offices, including the Office of Sponsored Programs, Office of Innovation Commercialization and Translational Research, Enterprise Innovation Institute (EI²), and Advanced Technology Development Center, in their partnerships with private industry to help promote industry-sponsored research and further technology commercialization. Types of agreements facilitated by ICAL include nondisclosure, industry collaboration, consortium, memorandum of understanding, center bylaws, testing, and SBIR.

 

= Regional and Local Economic Development =

An economic impact study by the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business indicates that Georgia Tech made a $3.35 billion economic impact during the fiscal year 2018, the highest of any institution in the University System of Georgia (USG). The study also found that Georgia Tech generated 27,065 full- and part-time jobs. Most of the economic impact in the study consists of initial spending by USG institutions for salaries and benefits, supplies and expenses, and other budgeted expenditures, as well as spending by students who attend the institutions.

Georgia Tech also impacts the local and regional economy in several other ways, including:

*Research partnerships with business and industry in the state of Georgia and throughout the Southeast;
*Economic development services to help make Georgia’s small and medium-sized businesses and communities more innovative and efficient;
*The more than 48,000 Georgia Tech alumni who live and work in the state;
*Research labs that produce more than 300 invention disclosures annually;
*A strong patent portfolio, ranked eighth among the top 124 universities according to the 2009 Universities Patent Scorecard;
*Spinning off an average of ten new companies a year;
*The Economic Development Authority i6 grant, which we received in 2010 to support innovation and entrepreneurship and boost the quality of high-growth startups in the region. EDA funding has helped advance economic development activities through Georgia Tech’s University Center of Excellence and also through a recent Jobs Accelerator award, where Georgia Tech partners with Gwinnett Tech to prepare students for work in health information technology; and
*EI2, which serves Georgia through a network of industry specialists located in nine regions throughout the state. These specialists provide local businesses with direct technical and engineering assistance, professional education courses, networking opportunities, and connections to Georgia Tech resources.

 

During fiscal year 2018 alone, Georgia Tech’s Enterprise Innovation Institute (EI2):

*Number of clients served by EI^2 programs: 10,752
*Number of jobs created by or saved by EI^2-assisted clients: 15,724
*GaMEP-assisted manufacturing clients created or retained 2,047 jobs
*Evaluated 235 GT faculty member research innovations
*Served 505 technology startup companies
*Assisted 96 minority entrepreneurs resulting in $93 million in new contracts, sales, and financing
*Helped Georgia Manufacturers slash operating costs by $40 million
*Helped Georgia Manufacturers increase sales by $219 million
*Served 1,440 Georgia manufacturing companies
*Helped create or save 1,910 manufacturing jobs

 

= Deep-Dive Questions =

*How can Georgia Tech’s focus be shifted to further support innovation and entrepreneurship?
*Why is it important to support innovation?
*What is the relationship between innovation, entrepreneurship and tech transfer?
*How do you envision your program in the future?
*What is your vision for each of the case study’s buckets?
*How does your institution leverage, or intend to leverage, geographic endowment?
*Are your innovation, entrepreneurship, and tech transfer programs integrated? Why?
*Are there any uniquely successful or failed programs at your school you may wish to learn from?
*What can be done to make the student and faculty mindset on campus more entrepreneurial?
*How can GT’s focus on industry be used to motivate innovation on campus?

= Conclusion =

The Georgia Institute of Technology is a top-10 public research university and an Association of American Universities (AAU) member school. Jilda Garton’s comments have been instructive in better understanding Georgia Tech’s many entrepreneurship, research, and technology transfer programs, in addition to the impact of the NACIE commitment letter in framing Georgia Tech’s strategic plans and institutional culture.

The Georgia Tech entrepreneurship ecosystem is well in its advanced stages, yet it lacks in some minor areas. When addressed, GT will truly be an entrepreneurial campus, where every student can pursue entrepreneurship without any fear, and with the full support of all around them.

The Office of Innovation and Entrepreneurship thanks Georgia Tech’s assistance with this case study and looks forward to a continued close and collaborative relationship in building America’s innovation infrastructure.
<div>
Go Jackets!

----
<div id="ftn1">
4Comments By Jilda D. Garton, Vice Provost for Research, General Manager, GTRC and GTARC
</div></div><div> 
----
<div id="edn1">
New Entrepreneurship & Innovations Programs:
</div><div id="edn2">
New Entrepreneurship & Innovations Programs:
</div><div id="edn3">
The Office of Industry Collaborations and Affiliated Licenses (ICAL):
</div><div id="edn4">
Economic Impact of University System Reaches $13.2 Billion: www.usg.edu/news/release/economic_impact_of_university_system_reaches_13.2_billion
</div><div id="edn5">
Tech's Economic Impact on Georgia:

Source: "The Innovative and Entrepreneurial University: Higher Education, Innovation & Entrepreneurship in Focus", Department of Commerce, October 2013.
</div></div>
= Related Links =

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology Georgia Institute of Technology]

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology_Student_Priorities Georgia Institute of Technology Student Priorities]

'''University Innovation Fellows''

Fall 2020:

[https://universityinnovation.org/wiki/Fellow:Tynan_Purdy Tynan Purdy]

[https://universityinnovation.org/wiki/Fellow:Yuma_Tanaka Yuma Tanaka]

[https://universityinnovation.org/wiki/Fellow:Cole_Campbell Cole Campbell]

[https://universityinnovation.org/wiki/Fellow:Madison_Lovelace Madison Lovelace]

Fall 2019:

[http://universityinnovation.org/wiki/Jeremy_Levin Jeremy Levin]

[[Cassie McIltrot|Cassie McIltrot]]

[http://universityinnovation.org/wiki/Sierra_Mulrine Sierra Mulrine]

[[Margaret Lu|Margaret Lu]]

[[Jordan Lym|Jordan Lym ]]

[http://universityinnovation.org/wiki/Hunter_schaufel Hunter Schaufel]

[[Stefanos Charalambous|Stefanos Charalambous]]

Fall 2017:

[http://universityinnovation.org/wiki/Risha_Parikh Risha Parikh]

[http://universityinnovation.org/wiki/Taft_Weber-Kilpack Taft Weber-Kilpack]

[http://universityinnovation.org/wiki/HanSung_Kim HanSung Kim]

Spring 2017:

[http://universityinnovation.org/wiki/Julie_Leonard-Duke Julie Leonard-Duke]

[[Fang Shi|Fang Shi]]

[http://universityinnovation.org/wiki/Monali_Shah Monali Shah]

[http://universityinnovation.org/wiki/Jason_Weis Jason Weis]

Spring 2016:

[http://universityinnovation.org/wiki/Thomas_W._Clifton_V Thomas Clifton]

[http://universityinnovation.org/wiki/Kshitij_Kulkarni Kshitij Kulkarni]

[http://universityinnovation.org/wiki/Arshiya_Lal Arshiya Lal]

Fall 2015:

[http://universityinnovation.org/wiki/Utkarsh_Garg Utkarsh Garg]

Spring 2014:

[http://universityinnovation.org/wiki/Alex_Flohr Alex Flohr]

[http://universityinnovation.org/wiki/Megna_Saha Megna Saha]

[http://universityinnovation.org/wiki/Rachel_Ford Rachel Ford]

[[Category:Universities]]
[[Category:Schools]]
[[Category:Georgia_Institute_of_Technology]]
{{CatTree|Georgia_Institute_of_Technology}}

School:Georgia Institute of Technology

2020-09-21T22:45:26Z

Mlovelace3: /* ENTREPRENEURSHIP AND INNOVATION CLASSES */

= Background =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">In April 2010, more than 140 leaders from higher education endorsed and submitted a letter to then-Commerce Secretary Gary Locke through his National Advisory Council on Innovation and Entrepreneurship (NACIE). These leaders, including Georgia Tech’s former president, G.P. “Bud” Peterson, committed to work more closely with industry, private foundations, investors, and local, state, and federal governments to promote innovation, entrepreneurship, and the commercialization of research results. Underlying their commitment was a willingness to employ strategies, enhance existing activities, and expand efforts in several areas, including:

*Promoting student innovation and entrepreneurship
*Encouraging faculty innovation and entrepreneurship
*Actively supporting the university technology transfer function
*Facilitating university – industry collaboration
*Engaging with regional and local economic development efforts

 <span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Department of Commerce’s Office of Innovation and Entrepreneurship (OIE) recently followed up with the signatories to better understand their efforts to embody and implement the ideas contained within the letter, as well as to improve their ability to develop policies and programs that support innovation, entrepreneurship, and the commercialization of research results. OIE is conducting phone calls with every respondent to discuss their strategies and develop a general outline of each of their initiatives.

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">For a select few institutions, including some who did not sign the NACIE letter, OIE has conducted a more thorough exploration of their strategies and initiatives. The goals of these “deep dives” are to discuss the historical and cultural context for the relevant work being done at leading institutions, highlight innovative practices, and uncover future trends. Through this exploration, OIE will be better equipped to advise on policies and develop future programs.

= Georgia Tech Campus Landscape =

The University Innovation Fellows of GT 2014 and 2015, created a campus map that guides students on the ways they can engage in innovation and entrepreneurship on campus. 

To view the complete landscape canvas for Georgia Tech's campus, and surrounding Atlanta area, please follow the link below:

GT 2014 - [https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0 https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0]

GT 2015 - [https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14 https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14]

GT 2016 - [https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp]

GT 2017 - [https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0 https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0]

GT 2017 FALL - [https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0 https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0]

GT 2019 - [https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing]

GT 2020 - [https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1 https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1]

= Overview – A Focus on Industry and Collaboration4 =

The Georgia Institute of Technology (Georgia Tech), a public research university in Atlanta, Georgia, is part of the University System of Georgia. Established in the 1880s on the heels of the Industrial Revolution, Georgia Tech’s mission has always focused on assisting industry. For example, the university’s basic and applied research efforts have been instrumental for the global aerospace industry, with Georgia Tech scientists playing key roles in the development of radar and other flight technologies. Georgia Tech focuses intently on the basic-to-applied research continuum throughout its comprehensive research programs in engineering, physical and life sciences, computing, and policy. Georgia Tech’s Strategic Vision and Plan () infuses a focus on innovation and entrepreneurism across the spectrum of basic and applied research as well as in its educational programs. Viewed in broad themes, research at Georgia Tech includes work in:

*Big Data;
*Biotechnology and Biomedicine;
*Electronics and Nanotechnology;
*Manufacturing, Trade, and Logistics;
*Materials;
*National Security;
*Paper and Science Technology;
*People and Technology;
*Public Service, Leadership, and Policy;
*Robotics;
*Sustainable Infrastructure and Energy; and
*Systems.

 Georgia Tech’s culture embodies a collaborative approach. It enlists outside partners and contributors including academic, governmental, industry, and nonprofit institutions in an effort to better understand and ensure the benefit of research to the nation. In 1937, Georgia Tech established what is now the Georgia Tech Research Corporation (GTRC), an internal outpost for engineering experimentation and entrepreneurial applications of engineering, science, and technology. Georgia Tech also operates the oldest and largest university-based business incubator in the United States, the Advanced Technology Development Center, which was established in the 1980s to provide a range of services and facilities for entrepreneurs to launch and build new companies. Recognized by Forbes in 2010, the Advanced Technology Development Center has graduated 143 new companies, which have helped create millions of dollars in revenues and which together have attracted nearly $2.5 billion in capital activity. Capital activity includes venture capital funding, other investment, and the value of mergers and acquisitions.

Georgia Tech incorporates several strategies to ensure that it continually improves and expands its services to industry. To ensure it meets its fiduciary responsibilities and maintains public trust and confidence, the university continually strives to reduce bureaucratic barriers and modify underperforming initiatives. For example, the university has launched the Georgia Tech Integrated Program for Startups, GT:IPS™, which combines a streamlined licensing program with organized support for faculty and student inventor-entrepreneurs. The program provides information and education for entrepreneurs to help them form stronger, more successful companies, and the streamlined GT:IPS license agreement helps simplify negotiations and “take the drama off the table.”

Three of Georgia Tech’s more recent initiatives to promote innovation and entrepreneurship based on broad stakeholder partnerships include Flashpoint, NSF I-Corps, and the Global Center for Medical Innovation. Flashpoint, a Georgia Tech startup accelerator program established in 2011, encourages basic and applied research and facilitates their transfer to the marketplace through entrepreneurial education and access to experienced mentors, experts, investors, and stars in an open, immersive, shared-learning workspace.

In July 2012, Georgia Tech was named as a node for the National Science Foundation’s I-Corps program. NSF Director Subra Suresh describes I-Corps as a program to “leverage productive public-private partnerships and extend the impact of fundamental research discoveries.” He noted that it has “inspired the research and business communities to collaborate in new ways.” Georgia Tech is serving as a teaching site for the hands-on I-Corps curriculum.

Finally, the Global Center for Medical Innovation, which opened in 2012 with support from the Economic Development Authority’s i6 Program, will bring together core members of the medical device community — including universities, research centers, clinicians, established device and drug companies, investors, and early-stage companies — with the goal of accelerating the commercialization of innovative medical technology.

The NACIE commitment letter was broadly disseminated to Georgia Tech faculty and administrators and elicited general consensus prior to President Peterson’s endorsement. University stakeholders who were invited to review and comment on the letter were found to be already committed to its expressed ideas and goals. The letter’s real impact was to add “force” and “intentionality” to Georgia Tech’s innovation, entrepreneurship, and tech transfer strategic vision by providing a time scale for faculty and administration efforts, documenting their commitment, and holding them accountable.

Innovation and entrepreneurism are hallmarks of educational programs as well as research and technology transfer. Problem-based learning gives students an opportunity to develop ideas and technologies within their disciplines, and increasingly, activities such as the General Electric Smart Grid Challenge () provide a venue for companies to explore disruptive concepts through student engagement.

Over the past few years, Georgia Tech's entrepreneurial ecosystem has been growing rapidly, with both, faculty led and student led initiatives. There are startup clubs, startup discussions and even new funds through Georgia Tech that foster student innovation and encourage students to develop their idea/innovations into marketable products.

Below is an enumeration of several Georgia Tech programs and initiatives that support the five buckets in the NACIE sponsored university commitment letter.

= STUDENT ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Students at Georgia Tech are an active part of research and discovery. In fact, over 70 percent of invention disclosures name one or more students among the inventors. As part of a broader effort to foster innovation and entrepreneurship within its student community, Georgia Tech has several initiatives, including:

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://inventionstudio.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Invention Studio]— student-run design-build-play space open to all Georgia Tech students. It is staffed by University Lab Instructors, student volunteers who are on hand to train new students on machines and help with invention prototypes.The space provides resources for designing, prototyping, and sharing ideas through workshops, vendor networks, experienced guidance, and access to cutting edge machines.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>[https://industry.gatech.edu/researcher-toolkit/launching-startup <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Integrated Program for Startups, GT:IPS]— An initiative that supports faculty and student inventor-entrepreneurs through two components: GT:IPS Facilitation, a graduated program of support, information, and education for new company founders; and GT:IPS License, which offers the same terms to all Georgia Tech startups in the same field and provides them with transparency into Georgia Tech Research Corporation’s (GTRC) licensing processes.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://inventureprize.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">InVenture™ Prize]—An annual competition that inspires undergraduate teams to create inventions that will be judged by experts for more than $30,000 in cash prizes from Georgia Tech and sponsoring corporations. First and second place winners receive patent filings funded by GTRC, and in March 2011, a “People’s Choice” award was sponsored by NCR Corporation.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/tiger/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">TI:GER<span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">]— An award-winning program and partnership between Georgia Tech and Emory University School of Law that brings together PhD, MBA, and law students to experience the challenges of commercializing innovative technologies. Now approaching its 10th anniversary in 2012, TI:GER is expanding to global entrepreneurship and has become an established part of the entrepreneurial education of graduate students on both campuses.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://innovation.cae.gatech.edu/businessplan <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Business Plan Competitions]— An annual competition, held by the Scheller College of Business and the Institute for Leadership and Entrepreneurship to foster entrepreneurship among Georgia Tech students and recent alumni is just an example among many of Business Plan Competitions available at Georgia Tech. Since its inception, more than 650 participants have received approximately $570,000 in cash and services, and each year several teams launch companies to take their product concepts to market. To date, eight winning teams have been accepted into Georgia Tech’s Advanced Technology Development Center. </li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/i2s/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Ideas to SERVE (I2S)]— An annual competition of ideas where creativity, imagination, and the use of technology are applied innovatively to solve community and social issues and sustain the environment. Started as a specialty track of the Business Plan Competition in 2009, I2S has quickly grown into a separate event, contributing to Georgia Tech’s portfolio of programs that foster entrepreneurship. I2S is open to Georgia Tech students and recent alumni.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Summer, Create-X]— A GT program founded in the summer of 2015 that offers student teams $20,000 and mentorship over the summer to pursue their startup with a full time commitment. It is part of Create-X, a Georgia Tech initiative to instill entrepreneurial confidence in students and empower them to launch real startups. The broader goal of this initiative is to provide the knowledge, skills, abilities, and experiences that will give Georgia Tech graduates the confidence to create their own future and confidently pursue entrepreneurial opportunities.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.startup.exchange/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Exchange]— This is a student run organization that meets weekly, and organizes huddles and meetups with other student entrepreneurs, students looking to be entrepreneurs and successful entrepreneurs from the Atlanta area.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/idea-prototype <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Idea to Prototype]- This is a GT run program that offers course credit, research grants and faculty mentorship to student teams that want to pursue their idea and turn it into an actual product, over a period of 1-2 semesters.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/gsvc/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Global Social Venture Competition]- This is a global competition for student entrepreneurs in the social sector. Georgia Tech is the East Coast hub of the GSVC, with Berkeley in the West Coast.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.cic.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Convergence Innovation Competition]- This is a technology innovation competition organized by the GT RNOC every semester, to foster innovation in specific areas of technology, like telecommunications and transport. </li>
</ul>

 

*[http://designcollaborative.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Design Bloc]– A classroom and prototyping space that emphasizes design thinking through design behavior. The 5 tenants that students are taught are Empathy, Rapid Iteration, Contextual Awareness, Entrepreneurial Spirit and Creative Craft.



*  [https://www.vip.gatech.edu/ <span style="font-size: 11pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Vertically Integrated Projects (VIP)]<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">- A program that engages undergraduate and graduate students in multidisciplinary project teams that are led by faculty in many areas of scholarship. Undergraduate students earn credit for their efforts, and have the opportunity to work with teams on different projects. 

= ENTREPRENEURSHIP AND INNOVATION CLASSES =

<span style="font-size: 11pt; font-family: Arial; color: rgb(0, 51, 153); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">[https://docs.google.com/spreadsheets/d/1sX1RcFpr5-VjdRvC9bSy2GnP7p2nqFAoO_0yF6-7Azo/edit?usp=sharing https://docs.google.com/spreadsheets/d/1sX1RcFpr5-VjdRvC9bSy2GnP7p2nqFAoO_0yF6-7Azo/edit?usp=sharing]
<div> </div>

[http://www.invention.gatech.edu/about/ GT 2803 - “Your Idea, Your Invention" ] - This course provides practice-based fundamentals to students interested in invention: ideas and actions that create value and lead to positive change. In this course, invention is considered in the broadest sense. Examples include not only technologies, but the U.S. Constitution, games, manifestos, economic theories, symphonies, and systems like the cloverleaf for traffic control.

[https://grandchallenges.gatech.edu/content/course-information PUBP 1142 - Teams and Collaboration] - This course works on developing the interpersonal, team, and design thinking skills necessary for making progress against wicked problems.

[https://grandchallenges.gatech.edu/content/course-information GT 1201 - Exploring Grand Challenges] - The course is comprised of a series of problems that are issued throughout the semester instead of a traditional lecture or lab.

[http://enrichment.gatech.edu/gt1000/schedule GT 1000 "Startup" and "Research Innovation"] - This class is for any freshman at GT with an interest in design thinking.

[https://2110.me.gatech.edu/ ME 2110: Creative Decisions and Design] - "This class is specifically more Mechanical Engineering majors with an interest in design thinking.

= FACULTY ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech has several awards and programs to incentivize faculty to mentor graduate students, or themselves, to pursue innovative research and entrepreneurial ideas. These include:
<ul style="margin-top:0;margin-bottom:0;">
<li>Bio-impact Commercialization Team (BCT)— An initiative focusing on research in biomedicine whereby faculty members and the venture capital community work closely with experts in the biomedical device space to facilitate translational research and commercialization. The Wallace H. Coulter Foundation will fund the BCT’s translational research and development projects.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>I Corps - The [https://innovate.gatech.edu/programs-old/innovation-corps-icorps/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Innovation Corps (I-Corps)] teaches National Science Foundation (NSF) grantees to identify valuable product opportunities that can emerge from academic research and offers entrepreneurship training to student participants. I-Corps is a public-private partnership that prepares students to extend your focus beyond the laboratory by broadening the impact of select, NSF-funded basic-research projects.  The primary goal of I-Corps is to foster entrepreneurship that will lead to the commercialization of technology that has been supported by NSF-funded research.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Humanitarian Design and Engineering Studio- [https://design.gatech.edu/news/georgia-techs-new-humanitarian-design-studio-tackles-water-energy-public-health <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Rehabilitation Engineering and Applied Research (REAR) Lab] undertakes applied research and device development targeting the increased health and function of persons with disabilities. Specific areas of interest include: wheeled mobility and seating, pressure ulcer prevention and treatment; design of diagnostic tissue interrogation devices; design of assistive technology.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Enterprise Innovation Institute - [https://innovate.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Enterprise Innovation Institute] is Georgia Tech’s chief business outreach and economic development organization. The core mission is to help business, industry, entrepreneurs, and economic developers across Georgia grow and remain competitive.</li>
</ul>



= University Technology Transfer Functions =

*The Georgia Tech Research Corporation ([https://gtrc.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">GTRC])— The contracting entity responsible for several of the university’s tech transfer and licensing processes. GTRC also aims to accelerate the formation of robust Georgia Tech spinout companies and broaden participation in entrepreneurship among faculty and students. In addition, GTRC has revised master agreement terms and developed new template agreements to meet the needs of industry sponsors as technologies progress in development.



*Georgia Tech VentureLab— The [https://venturelab.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Venture Lab]  is a one-stop-shop providing comprehensive assistance to faculty, research staff, and students who want to take their technology innovations from the laboratory to the commercial market. VentureLab specialists help these innovators “start up” by assisting in business plan development, connecting them with experienced entrepreneurs, and locating sources of early-stage financing, including seed grants from the Georgia Research Alliance. The program has fostered, on average, one new spin out each month over the last three years.

*Georgia Tech Edison Fund — The [https://innovate.gatech.edu/front-page/edison-fund-established/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Edison Fund] is a source for modest investments into early-stage technology startups that have a strong connection to Georgia Tech. This fund makes use of targeted charitable contributions from Georgia Tech alumni and friends.

*Flashpoint  — [https://www.cc.gatech.edu/flashpoint-startup-engineering <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Flashpoint] creates better startups, faster, welcoming committed founders with domain knowledge and a passion for responding to the needs of their customers. Flashpoint helps shape startups with true market + product fit, reduced risks, lower costs, and a better chance of high quality success. Flashpoint is not classified as an incubator or accelerator, but rather a rigorous management and education program that works closely with founders to create companies.

*Advanced Technology Development Center ([https://atdc.org/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">ATDC]) - ATDC is a startup incubator at Georgia Tech that helps technology entrepreneurs in Georgia launch and build successful companies. Headquartered in Atlanta's Technology Square, ATDC serves as the hub for technology entrepreneurship in Georgia. ATDC Select is a three-year incubator program for high potential technology companies.  

*Keen Foundation Partnership- Georgia Tech and [https://www.bme.gatech.edu/bme/coulter-department-receives-keen-award <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">KEEN] share the vision of revolutionizing engineering education by fostering within students an entrepreneurial mindset, creating interdependent learners who are fearless in the face of a complex problem.



= University-Industry Collaboration =

*University-Industry Demonstration Partnership ([https://uidp.org/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">UIDP])— An activity of the National Academies that works to demonstrate innovative approaches to research engagement and improve relationships with private industry for research and commercialization of inventions. Georgia Tech has been a member and active participant since the UIDP was founded in 2005. The recently published Researcher Guide, a collaborative effort of UIDP university and industry members, provides information for university and company scientists and engineers who wish to engage in sponsored or collaborative research.



*<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Office of Industry Engagement (ICAL)<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">— An organization that works in close coordination with faculty, academic units, and university offices, including the Office of Sponsored Programs, Office of Innovation Commercialization and Translational Research, Enterprise Innovation Institute (EI²), and Advanced Technology Development Center, in their partnerships with private industry to help promote industry-sponsored research and further technology commercialization. Types of agreements facilitated by ICAL include nondisclosure, industry collaboration, consortium, memorandum of understanding, center bylaws, testing, and SBIR.

 

= Regional and Local Economic Development =

An economic impact study by the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business indicates that Georgia Tech made a $3.35 billion economic impact during the fiscal year 2018, the highest of any institution in the University System of Georgia (USG). The study also found that Georgia Tech generated 27,065 full- and part-time jobs. Most of the economic impact in the study consists of initial spending by USG institutions for salaries and benefits, supplies and expenses, and other budgeted expenditures, as well as spending by students who attend the institutions.

Georgia Tech also impacts the local and regional economy in several other ways, including:

*Research partnerships with business and industry in the state of Georgia and throughout the Southeast;
*Economic development services to help make Georgia’s small and medium-sized businesses and communities more innovative and efficient;
*The more than 48,000 Georgia Tech alumni who live and work in the state;
*Research labs that produce more than 300 invention disclosures annually;
*A strong patent portfolio, ranked eighth among the top 124 universities according to the 2009 Universities Patent Scorecard;
*Spinning off an average of ten new companies a year;
*The Economic Development Authority i6 grant, which we received in 2010 to support innovation and entrepreneurship and boost the quality of high-growth startups in the region. EDA funding has helped advance economic development activities through Georgia Tech’s University Center of Excellence and also through a recent Jobs Accelerator award, where Georgia Tech partners with Gwinnett Tech to prepare students for work in health information technology; and
*EI2, which serves Georgia through a network of industry specialists located in nine regions throughout the state. These specialists provide local businesses with direct technical and engineering assistance, professional education courses, networking opportunities, and connections to Georgia Tech resources.

 

During fiscal year 2018 alone, Georgia Tech’s Enterprise Innovation Institute (EI2):

*Number of clients served by EI^2 programs: 10,752
*Number of jobs created by or saved by EI^2-assisted clients: 15,724
*GaMEP-assisted manufacturing clients created or retained 2,047 jobs
*Evaluated 235 GT faculty member research innovations
*Served 505 technology startup companies
*Assisted 96 minority entrepreneurs resulting in $93 million in new contracts, sales, and financing
*Helped Georgia Manufacturers slash operating costs by $40 million
*Helped Georgia Manufacturers increase sales by $219 million
*Served 1,440 Georgia manufacturing companies
*Helped create or save 1,910 manufacturing jobs

 

= Deep-Dive Questions =

*How can Georgia Tech’s focus be shifted to further support innovation and entrepreneurship?
*Why is it important to support innovation?
*What is the relationship between innovation, entrepreneurship and tech transfer?
*How do you envision your program in the future?
*What is your vision for each of the case study’s buckets?
*How does your institution leverage, or intend to leverage, geographic endowment?
*Are your innovation, entrepreneurship, and tech transfer programs integrated? Why?
*Are there any uniquely successful or failed programs at your school you may wish to learn from?
*What can be done to make the student and faculty mindset on campus more entrepreneurial?
*How can GT’s focus on industry be used to motivate innovation on campus?

= Conclusion =

The Georgia Institute of Technology is a top-10 public research university and an Association of American Universities (AAU) member school. Jilda Garton’s comments have been instructive in better understanding Georgia Tech’s many entrepreneurship, research, and technology transfer programs, in addition to the impact of the NACIE commitment letter in framing Georgia Tech’s strategic plans and institutional culture.

The Georgia Tech entrepreneurship ecosystem is well in its advanced stages, yet it lacks in some minor areas. When addressed, GT will truly be an entrepreneurial campus, where every student can pursue entrepreneurship without any fear, and with the full support of all around them.

The Office of Innovation and Entrepreneurship thanks Georgia Tech’s assistance with this case study and looks forward to a continued close and collaborative relationship in building America’s innovation infrastructure.
<div>
Go Jackets!

----
<div id="ftn1">
4Comments By Jilda D. Garton, Vice Provost for Research, General Manager, GTRC and GTARC
</div></div><div> 
----
<div id="edn1">
New Entrepreneurship & Innovations Programs:
</div><div id="edn2">
New Entrepreneurship & Innovations Programs:
</div><div id="edn3">
The Office of Industry Collaborations and Affiliated Licenses (ICAL):
</div><div id="edn4">
Economic Impact of University System Reaches $13.2 Billion: www.usg.edu/news/release/economic_impact_of_university_system_reaches_13.2_billion
</div><div id="edn5">
Tech's Economic Impact on Georgia:

Source: "The Innovative and Entrepreneurial University: Higher Education, Innovation & Entrepreneurship in Focus", Department of Commerce, October 2013.
</div></div>
= Related Links =

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology Georgia Institute of Technology]

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology_Student_Priorities Georgia Institute of Technology Student Priorities]

'''University Innovation Fellows''

Fall 2020:

[https://universityinnovation.org/wiki/Fellow:Tynan_Purdy Tynan Purdy]

[https://universityinnovation.org/wiki/Fellow:Yuma_Tanaka Yuma Tanaka]

[https://universityinnovation.org/wiki/Fellow:Cole_Campbell Cole Campbell]

[https://universityinnovation.org/wiki/Fellow:Madison_Lovelace Madison Lovelace]

Fall 2019:

[http://universityinnovation.org/wiki/Jeremy_Levin Jeremy Levin]

[[Cassie McIltrot|Cassie McIltrot]]

[http://universityinnovation.org/wiki/Sierra_Mulrine Sierra Mulrine]

[[Margaret Lu|Margaret Lu]]

[[Jordan Lym|Jordan Lym ]]

[http://universityinnovation.org/wiki/Hunter_schaufel Hunter Schaufel]

[[Stefanos Charalambous|Stefanos Charalambous]]

Fall 2017:

[http://universityinnovation.org/wiki/Risha_Parikh Risha Parikh]

[http://universityinnovation.org/wiki/Taft_Weber-Kilpack Taft Weber-Kilpack]

[http://universityinnovation.org/wiki/HanSung_Kim HanSung Kim]

Spring 2017:

[http://universityinnovation.org/wiki/Julie_Leonard-Duke Julie Leonard-Duke]

[[Fang Shi|Fang Shi]]

[http://universityinnovation.org/wiki/Monali_Shah Monali Shah]

[http://universityinnovation.org/wiki/Jason_Weis Jason Weis]

Spring 2016:

[http://universityinnovation.org/wiki/Thomas_W._Clifton_V Thomas Clifton]

[http://universityinnovation.org/wiki/Kshitij_Kulkarni Kshitij Kulkarni]

[http://universityinnovation.org/wiki/Arshiya_Lal Arshiya Lal]

Fall 2015:

[http://universityinnovation.org/wiki/Utkarsh_Garg Utkarsh Garg]

Spring 2014:

[http://universityinnovation.org/wiki/Alex_Flohr Alex Flohr]

[http://universityinnovation.org/wiki/Megna_Saha Megna Saha]

[http://universityinnovation.org/wiki/Rachel_Ford Rachel Ford]

[[Category:Universities]]
[[Category:Schools]]
[[Category:Georgia_Institute_of_Technology]]
{{CatTree|Georgia_Institute_of_Technology}}

School:Georgia Institute of Technology

2020-09-21T22:45:05Z

Mlovelace3: Undo revision 123363 by Mlovelace3 (talk)

= Background =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">In April 2010, more than 140 leaders from higher education endorsed and submitted a letter to then-Commerce Secretary Gary Locke through his National Advisory Council on Innovation and Entrepreneurship (NACIE). These leaders, including Georgia Tech’s former president, G.P. “Bud” Peterson, committed to work more closely with industry, private foundations, investors, and local, state, and federal governments to promote innovation, entrepreneurship, and the commercialization of research results. Underlying their commitment was a willingness to employ strategies, enhance existing activities, and expand efforts in several areas, including:

*Promoting student innovation and entrepreneurship
*Encouraging faculty innovation and entrepreneurship
*Actively supporting the university technology transfer function
*Facilitating university – industry collaboration
*Engaging with regional and local economic development efforts

 <span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Department of Commerce’s Office of Innovation and Entrepreneurship (OIE) recently followed up with the signatories to better understand their efforts to embody and implement the ideas contained within the letter, as well as to improve their ability to develop policies and programs that support innovation, entrepreneurship, and the commercialization of research results. OIE is conducting phone calls with every respondent to discuss their strategies and develop a general outline of each of their initiatives.

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">For a select few institutions, including some who did not sign the NACIE letter, OIE has conducted a more thorough exploration of their strategies and initiatives. The goals of these “deep dives” are to discuss the historical and cultural context for the relevant work being done at leading institutions, highlight innovative practices, and uncover future trends. Through this exploration, OIE will be better equipped to advise on policies and develop future programs.

= Georgia Tech Campus Landscape =

The University Innovation Fellows of GT 2014 and 2015, created a campus map that guides students on the ways they can engage in innovation and entrepreneurship on campus. 

To view the complete landscape canvas for Georgia Tech's campus, and surrounding Atlanta area, please follow the link below:

GT 2014 - [https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0 https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0]

GT 2015 - [https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14 https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14]

GT 2016 - [https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp]

GT 2017 - [https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0 https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0]

GT 2017 FALL - [https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0 https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0]

GT 2019 - [https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing]

GT 2020 - [https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1 https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1]

= Overview – A Focus on Industry and Collaboration4 =

The Georgia Institute of Technology (Georgia Tech), a public research university in Atlanta, Georgia, is part of the University System of Georgia. Established in the 1880s on the heels of the Industrial Revolution, Georgia Tech’s mission has always focused on assisting industry. For example, the university’s basic and applied research efforts have been instrumental for the global aerospace industry, with Georgia Tech scientists playing key roles in the development of radar and other flight technologies. Georgia Tech focuses intently on the basic-to-applied research continuum throughout its comprehensive research programs in engineering, physical and life sciences, computing, and policy. Georgia Tech’s Strategic Vision and Plan () infuses a focus on innovation and entrepreneurism across the spectrum of basic and applied research as well as in its educational programs. Viewed in broad themes, research at Georgia Tech includes work in:

*Big Data;
*Biotechnology and Biomedicine;
*Electronics and Nanotechnology;
*Manufacturing, Trade, and Logistics;
*Materials;
*National Security;
*Paper and Science Technology;
*People and Technology;
*Public Service, Leadership, and Policy;
*Robotics;
*Sustainable Infrastructure and Energy; and
*Systems.

 Georgia Tech’s culture embodies a collaborative approach. It enlists outside partners and contributors including academic, governmental, industry, and nonprofit institutions in an effort to better understand and ensure the benefit of research to the nation. In 1937, Georgia Tech established what is now the Georgia Tech Research Corporation (GTRC), an internal outpost for engineering experimentation and entrepreneurial applications of engineering, science, and technology. Georgia Tech also operates the oldest and largest university-based business incubator in the United States, the Advanced Technology Development Center, which was established in the 1980s to provide a range of services and facilities for entrepreneurs to launch and build new companies. Recognized by Forbes in 2010, the Advanced Technology Development Center has graduated 143 new companies, which have helped create millions of dollars in revenues and which together have attracted nearly $2.5 billion in capital activity. Capital activity includes venture capital funding, other investment, and the value of mergers and acquisitions.

Georgia Tech incorporates several strategies to ensure that it continually improves and expands its services to industry. To ensure it meets its fiduciary responsibilities and maintains public trust and confidence, the university continually strives to reduce bureaucratic barriers and modify underperforming initiatives. For example, the university has launched the Georgia Tech Integrated Program for Startups, GT:IPS™, which combines a streamlined licensing program with organized support for faculty and student inventor-entrepreneurs. The program provides information and education for entrepreneurs to help them form stronger, more successful companies, and the streamlined GT:IPS license agreement helps simplify negotiations and “take the drama off the table.”

Three of Georgia Tech’s more recent initiatives to promote innovation and entrepreneurship based on broad stakeholder partnerships include Flashpoint, NSF I-Corps, and the Global Center for Medical Innovation. Flashpoint, a Georgia Tech startup accelerator program established in 2011, encourages basic and applied research and facilitates their transfer to the marketplace through entrepreneurial education and access to experienced mentors, experts, investors, and stars in an open, immersive, shared-learning workspace.

In July 2012, Georgia Tech was named as a node for the National Science Foundation’s I-Corps program. NSF Director Subra Suresh describes I-Corps as a program to “leverage productive public-private partnerships and extend the impact of fundamental research discoveries.” He noted that it has “inspired the research and business communities to collaborate in new ways.” Georgia Tech is serving as a teaching site for the hands-on I-Corps curriculum.

Finally, the Global Center for Medical Innovation, which opened in 2012 with support from the Economic Development Authority’s i6 Program, will bring together core members of the medical device community — including universities, research centers, clinicians, established device and drug companies, investors, and early-stage companies — with the goal of accelerating the commercialization of innovative medical technology.

The NACIE commitment letter was broadly disseminated to Georgia Tech faculty and administrators and elicited general consensus prior to President Peterson’s endorsement. University stakeholders who were invited to review and comment on the letter were found to be already committed to its expressed ideas and goals. The letter’s real impact was to add “force” and “intentionality” to Georgia Tech’s innovation, entrepreneurship, and tech transfer strategic vision by providing a time scale for faculty and administration efforts, documenting their commitment, and holding them accountable.

Innovation and entrepreneurism are hallmarks of educational programs as well as research and technology transfer. Problem-based learning gives students an opportunity to develop ideas and technologies within their disciplines, and increasingly, activities such as the General Electric Smart Grid Challenge () provide a venue for companies to explore disruptive concepts through student engagement.

Over the past few years, Georgia Tech's entrepreneurial ecosystem has been growing rapidly, with both, faculty led and student led initiatives. There are startup clubs, startup discussions and even new funds through Georgia Tech that foster student innovation and encourage students to develop their idea/innovations into marketable products.

Below is an enumeration of several Georgia Tech programs and initiatives that support the five buckets in the NACIE sponsored university commitment letter.

= STUDENT ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Students at Georgia Tech are an active part of research and discovery. In fact, over 70 percent of invention disclosures name one or more students among the inventors. As part of a broader effort to foster innovation and entrepreneurship within its student community, Georgia Tech has several initiatives, including:

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://inventionstudio.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Invention Studio]— student-run design-build-play space open to all Georgia Tech students. It is staffed by University Lab Instructors, student volunteers who are on hand to train new students on machines and help with invention prototypes.The space provides resources for designing, prototyping, and sharing ideas through workshops, vendor networks, experienced guidance, and access to cutting edge machines.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>[https://industry.gatech.edu/researcher-toolkit/launching-startup <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Integrated Program for Startups, GT:IPS]— An initiative that supports faculty and student inventor-entrepreneurs through two components: GT:IPS Facilitation, a graduated program of support, information, and education for new company founders; and GT:IPS License, which offers the same terms to all Georgia Tech startups in the same field and provides them with transparency into Georgia Tech Research Corporation’s (GTRC) licensing processes.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://inventureprize.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">InVenture™ Prize]—An annual competition that inspires undergraduate teams to create inventions that will be judged by experts for more than $30,000 in cash prizes from Georgia Tech and sponsoring corporations. First and second place winners receive patent filings funded by GTRC, and in March 2011, a “People’s Choice” award was sponsored by NCR Corporation.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/tiger/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">TI:GER<span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">]— An award-winning program and partnership between Georgia Tech and Emory University School of Law that brings together PhD, MBA, and law students to experience the challenges of commercializing innovative technologies. Now approaching its 10th anniversary in 2012, TI:GER is expanding to global entrepreneurship and has become an established part of the entrepreneurial education of graduate students on both campuses.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://innovation.cae.gatech.edu/businessplan <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Business Plan Competitions]— An annual competition, held by the Scheller College of Business and the Institute for Leadership and Entrepreneurship to foster entrepreneurship among Georgia Tech students and recent alumni is just an example among many of Business Plan Competitions available at Georgia Tech. Since its inception, more than 650 participants have received approximately $570,000 in cash and services, and each year several teams launch companies to take their product concepts to market. To date, eight winning teams have been accepted into Georgia Tech’s Advanced Technology Development Center. </li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/i2s/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Ideas to SERVE (I2S)]— An annual competition of ideas where creativity, imagination, and the use of technology are applied innovatively to solve community and social issues and sustain the environment. Started as a specialty track of the Business Plan Competition in 2009, I2S has quickly grown into a separate event, contributing to Georgia Tech’s portfolio of programs that foster entrepreneurship. I2S is open to Georgia Tech students and recent alumni.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Summer, Create-X]— A GT program founded in the summer of 2015 that offers student teams $20,000 and mentorship over the summer to pursue their startup with a full time commitment. It is part of Create-X, a Georgia Tech initiative to instill entrepreneurial confidence in students and empower them to launch real startups. The broader goal of this initiative is to provide the knowledge, skills, abilities, and experiences that will give Georgia Tech graduates the confidence to create their own future and confidently pursue entrepreneurial opportunities.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.startup.exchange/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Exchange]— This is a student run organization that meets weekly, and organizes huddles and meetups with other student entrepreneurs, students looking to be entrepreneurs and successful entrepreneurs from the Atlanta area.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/idea-prototype <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Idea to Prototype]- This is a GT run program that offers course credit, research grants and faculty mentorship to student teams that want to pursue their idea and turn it into an actual product, over a period of 1-2 semesters.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/gsvc/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Global Social Venture Competition]- This is a global competition for student entrepreneurs in the social sector. Georgia Tech is the East Coast hub of the GSVC, with Berkeley in the West Coast.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.cic.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Convergence Innovation Competition]- This is a technology innovation competition organized by the GT RNOC every semester, to foster innovation in specific areas of technology, like telecommunications and transport. </li>
</ul>

 

*[http://designcollaborative.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Design Bloc]– A classroom and prototyping space that emphasizes design thinking through design behavior. The 5 tenants that students are taught are Empathy, Rapid Iteration, Contextual Awareness, Entrepreneurial Spirit and Creative Craft.



*  [https://www.vip.gatech.edu/ <span style="font-size: 11pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Vertically Integrated Projects (VIP)]<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">- A program that engages undergraduate and graduate students in multidisciplinary project teams that are led by faculty in many areas of scholarship. Undergraduate students earn credit for their efforts, and have the opportunity to work with teams on different projects. 

= ENTREPRENEURSHIP AND INNOVATION CLASSES =

<span style="font-size: 11pt; font-family: Arial; color: rgb(0, 51, 153); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">[https://docs.google.com/spreadsheets/d/1sX1RcFpr5-VjdRvC9bSy2GnP7p2nqFAoO_0yF6-7Azo/edit?usp=sharing https://docs.google.com/spreadsheets/d/1sX1RcFpr5-VjdRvC9bSy2GnP7p2nqFAoO_0yF6-7Azo/edit?usp=sharing]
<div> </div>
= FACULTY ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech has several awards and programs to incentivize faculty to mentor graduate students, or themselves, to pursue innovative research and entrepreneurial ideas. These include:
<ul style="margin-top:0;margin-bottom:0;">
<li>Bio-impact Commercialization Team (BCT)— An initiative focusing on research in biomedicine whereby faculty members and the venture capital community work closely with experts in the biomedical device space to facilitate translational research and commercialization. The Wallace H. Coulter Foundation will fund the BCT’s translational research and development projects.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>I Corps - The [https://innovate.gatech.edu/programs-old/innovation-corps-icorps/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Innovation Corps (I-Corps)] teaches National Science Foundation (NSF) grantees to identify valuable product opportunities that can emerge from academic research and offers entrepreneurship training to student participants. I-Corps is a public-private partnership that prepares students to extend your focus beyond the laboratory by broadening the impact of select, NSF-funded basic-research projects.  The primary goal of I-Corps is to foster entrepreneurship that will lead to the commercialization of technology that has been supported by NSF-funded research.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Humanitarian Design and Engineering Studio- [https://design.gatech.edu/news/georgia-techs-new-humanitarian-design-studio-tackles-water-energy-public-health <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Rehabilitation Engineering and Applied Research (REAR) Lab] undertakes applied research and device development targeting the increased health and function of persons with disabilities. Specific areas of interest include: wheeled mobility and seating, pressure ulcer prevention and treatment; design of diagnostic tissue interrogation devices; design of assistive technology.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Enterprise Innovation Institute - [https://innovate.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Enterprise Innovation Institute] is Georgia Tech’s chief business outreach and economic development organization. The core mission is to help business, industry, entrepreneurs, and economic developers across Georgia grow and remain competitive.</li>
</ul>



= University Technology Transfer Functions =

*The Georgia Tech Research Corporation ([https://gtrc.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">GTRC])— The contracting entity responsible for several of the university’s tech transfer and licensing processes. GTRC also aims to accelerate the formation of robust Georgia Tech spinout companies and broaden participation in entrepreneurship among faculty and students. In addition, GTRC has revised master agreement terms and developed new template agreements to meet the needs of industry sponsors as technologies progress in development.



*Georgia Tech VentureLab— The [https://venturelab.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Venture Lab]  is a one-stop-shop providing comprehensive assistance to faculty, research staff, and students who want to take their technology innovations from the laboratory to the commercial market. VentureLab specialists help these innovators “start up” by assisting in business plan development, connecting them with experienced entrepreneurs, and locating sources of early-stage financing, including seed grants from the Georgia Research Alliance. The program has fostered, on average, one new spin out each month over the last three years.

*Georgia Tech Edison Fund — The [https://innovate.gatech.edu/front-page/edison-fund-established/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Edison Fund] is a source for modest investments into early-stage technology startups that have a strong connection to Georgia Tech. This fund makes use of targeted charitable contributions from Georgia Tech alumni and friends.

*Flashpoint  — [https://www.cc.gatech.edu/flashpoint-startup-engineering <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Flashpoint] creates better startups, faster, welcoming committed founders with domain knowledge and a passion for responding to the needs of their customers. Flashpoint helps shape startups with true market + product fit, reduced risks, lower costs, and a better chance of high quality success. Flashpoint is not classified as an incubator or accelerator, but rather a rigorous management and education program that works closely with founders to create companies.

*Advanced Technology Development Center ([https://atdc.org/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">ATDC]) - ATDC is a startup incubator at Georgia Tech that helps technology entrepreneurs in Georgia launch and build successful companies. Headquartered in Atlanta's Technology Square, ATDC serves as the hub for technology entrepreneurship in Georgia. ATDC Select is a three-year incubator program for high potential technology companies.  

*Keen Foundation Partnership- Georgia Tech and [https://www.bme.gatech.edu/bme/coulter-department-receives-keen-award <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">KEEN] share the vision of revolutionizing engineering education by fostering within students an entrepreneurial mindset, creating interdependent learners who are fearless in the face of a complex problem.



= University-Industry Collaboration =

*University-Industry Demonstration Partnership ([https://uidp.org/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">UIDP])— An activity of the National Academies that works to demonstrate innovative approaches to research engagement and improve relationships with private industry for research and commercialization of inventions. Georgia Tech has been a member and active participant since the UIDP was founded in 2005. The recently published Researcher Guide, a collaborative effort of UIDP university and industry members, provides information for university and company scientists and engineers who wish to engage in sponsored or collaborative research.



*<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Office of Industry Engagement (ICAL)<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">— An organization that works in close coordination with faculty, academic units, and university offices, including the Office of Sponsored Programs, Office of Innovation Commercialization and Translational Research, Enterprise Innovation Institute (EI²), and Advanced Technology Development Center, in their partnerships with private industry to help promote industry-sponsored research and further technology commercialization. Types of agreements facilitated by ICAL include nondisclosure, industry collaboration, consortium, memorandum of understanding, center bylaws, testing, and SBIR.

 

= Regional and Local Economic Development =

An economic impact study by the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business indicates that Georgia Tech made a $3.35 billion economic impact during the fiscal year 2018, the highest of any institution in the University System of Georgia (USG). The study also found that Georgia Tech generated 27,065 full- and part-time jobs. Most of the economic impact in the study consists of initial spending by USG institutions for salaries and benefits, supplies and expenses, and other budgeted expenditures, as well as spending by students who attend the institutions.

Georgia Tech also impacts the local and regional economy in several other ways, including:

*Research partnerships with business and industry in the state of Georgia and throughout the Southeast;
*Economic development services to help make Georgia’s small and medium-sized businesses and communities more innovative and efficient;
*The more than 48,000 Georgia Tech alumni who live and work in the state;
*Research labs that produce more than 300 invention disclosures annually;
*A strong patent portfolio, ranked eighth among the top 124 universities according to the 2009 Universities Patent Scorecard;
*Spinning off an average of ten new companies a year;
*The Economic Development Authority i6 grant, which we received in 2010 to support innovation and entrepreneurship and boost the quality of high-growth startups in the region. EDA funding has helped advance economic development activities through Georgia Tech’s University Center of Excellence and also through a recent Jobs Accelerator award, where Georgia Tech partners with Gwinnett Tech to prepare students for work in health information technology; and
*EI2, which serves Georgia through a network of industry specialists located in nine regions throughout the state. These specialists provide local businesses with direct technical and engineering assistance, professional education courses, networking opportunities, and connections to Georgia Tech resources.

 

During fiscal year 2018 alone, Georgia Tech’s Enterprise Innovation Institute (EI2):

*Number of clients served by EI^2 programs: 10,752
*Number of jobs created by or saved by EI^2-assisted clients: 15,724
*GaMEP-assisted manufacturing clients created or retained 2,047 jobs
*Evaluated 235 GT faculty member research innovations
*Served 505 technology startup companies
*Assisted 96 minority entrepreneurs resulting in $93 million in new contracts, sales, and financing
*Helped Georgia Manufacturers slash operating costs by $40 million
*Helped Georgia Manufacturers increase sales by $219 million
*Served 1,440 Georgia manufacturing companies
*Helped create or save 1,910 manufacturing jobs

 

= Deep-Dive Questions =

*How can Georgia Tech’s focus be shifted to further support innovation and entrepreneurship?
*Why is it important to support innovation?
*What is the relationship between innovation, entrepreneurship and tech transfer?
*How do you envision your program in the future?
*What is your vision for each of the case study’s buckets?
*How does your institution leverage, or intend to leverage, geographic endowment?
*Are your innovation, entrepreneurship, and tech transfer programs integrated? Why?
*Are there any uniquely successful or failed programs at your school you may wish to learn from?
*What can be done to make the student and faculty mindset on campus more entrepreneurial?
*How can GT’s focus on industry be used to motivate innovation on campus?

= Conclusion =

The Georgia Institute of Technology is a top-10 public research university and an Association of American Universities (AAU) member school. Jilda Garton’s comments have been instructive in better understanding Georgia Tech’s many entrepreneurship, research, and technology transfer programs, in addition to the impact of the NACIE commitment letter in framing Georgia Tech’s strategic plans and institutional culture.

The Georgia Tech entrepreneurship ecosystem is well in its advanced stages, yet it lacks in some minor areas. When addressed, GT will truly be an entrepreneurial campus, where every student can pursue entrepreneurship without any fear, and with the full support of all around them.

The Office of Innovation and Entrepreneurship thanks Georgia Tech’s assistance with this case study and looks forward to a continued close and collaborative relationship in building America’s innovation infrastructure.
<div>
Go Jackets!

----
<div id="ftn1">
4Comments By Jilda D. Garton, Vice Provost for Research, General Manager, GTRC and GTARC
</div></div><div> 
----
<div id="edn1">
New Entrepreneurship & Innovations Programs:
</div><div id="edn2">
New Entrepreneurship & Innovations Programs:
</div><div id="edn3">
The Office of Industry Collaborations and Affiliated Licenses (ICAL):
</div><div id="edn4">
Economic Impact of University System Reaches $13.2 Billion: www.usg.edu/news/release/economic_impact_of_university_system_reaches_13.2_billion
</div><div id="edn5">
Tech's Economic Impact on Georgia:

Source: "The Innovative and Entrepreneurial University: Higher Education, Innovation & Entrepreneurship in Focus", Department of Commerce, October 2013.
</div></div>
= Related Links =

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology Georgia Institute of Technology]

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology_Student_Priorities Georgia Institute of Technology Student Priorities]

'''University Innovation Fellows''

Fall 2020:

[https://universityinnovation.org/wiki/Fellow:Tynan_Purdy Tynan Purdy]

[https://universityinnovation.org/wiki/Fellow:Yuma_Tanaka Yuma Tanaka]

[https://universityinnovation.org/wiki/Fellow:Cole_Campbell Cole Campbell]

[https://universityinnovation.org/wiki/Fellow:Madison_Lovelace Madison Lovelace]

Fall 2019:

[http://universityinnovation.org/wiki/Jeremy_Levin Jeremy Levin]

[[Cassie McIltrot|Cassie McIltrot]]

[http://universityinnovation.org/wiki/Sierra_Mulrine Sierra Mulrine]

[[Margaret Lu|Margaret Lu]]

[[Jordan Lym|Jordan Lym ]]

[http://universityinnovation.org/wiki/Hunter_schaufel Hunter Schaufel]

[[Stefanos Charalambous|Stefanos Charalambous]]

Fall 2017:

[http://universityinnovation.org/wiki/Risha_Parikh Risha Parikh]

[http://universityinnovation.org/wiki/Taft_Weber-Kilpack Taft Weber-Kilpack]

[http://universityinnovation.org/wiki/HanSung_Kim HanSung Kim]

Spring 2017:

[http://universityinnovation.org/wiki/Julie_Leonard-Duke Julie Leonard-Duke]

[[Fang Shi|Fang Shi]]

[http://universityinnovation.org/wiki/Monali_Shah Monali Shah]

[http://universityinnovation.org/wiki/Jason_Weis Jason Weis]

Spring 2016:

[http://universityinnovation.org/wiki/Thomas_W._Clifton_V Thomas Clifton]

[http://universityinnovation.org/wiki/Kshitij_Kulkarni Kshitij Kulkarni]

[http://universityinnovation.org/wiki/Arshiya_Lal Arshiya Lal]

Fall 2015:

[http://universityinnovation.org/wiki/Utkarsh_Garg Utkarsh Garg]

Spring 2014:

[http://universityinnovation.org/wiki/Alex_Flohr Alex Flohr]

[http://universityinnovation.org/wiki/Megna_Saha Megna Saha]

[http://universityinnovation.org/wiki/Rachel_Ford Rachel Ford]

[[Category:Universities]]
[[Category:Schools]]
[[Category:Georgia_Institute_of_Technology]]
{{CatTree|Georgia_Institute_of_Technology}}

School:Georgia Institute of Technology

2020-09-21T22:44:49Z

Mlovelace3: Undo revision 123364 by Mlovelace3 (talk)

= Background =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">In April 2010, more than 140 leaders from higher education endorsed and submitted a letter to then-Commerce Secretary Gary Locke through his National Advisory Council on Innovation and Entrepreneurship (NACIE). These leaders, including Georgia Tech’s former president, G.P. “Bud” Peterson, committed to work more closely with industry, private foundations, investors, and local, state, and federal governments to promote innovation, entrepreneurship, and the commercialization of research results. Underlying their commitment was a willingness to employ strategies, enhance existing activities, and expand efforts in several areas, including:

*Promoting student innovation and entrepreneurship
*Encouraging faculty innovation and entrepreneurship
*Actively supporting the university technology transfer function
*Facilitating university – industry collaboration
*Engaging with regional and local economic development efforts

 <span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Department of Commerce’s Office of Innovation and Entrepreneurship (OIE) recently followed up with the signatories to better understand their efforts to embody and implement the ideas contained within the letter, as well as to improve their ability to develop policies and programs that support innovation, entrepreneurship, and the commercialization of research results. OIE is conducting phone calls with every respondent to discuss their strategies and develop a general outline of each of their initiatives.

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">For a select few institutions, including some who did not sign the NACIE letter, OIE has conducted a more thorough exploration of their strategies and initiatives. The goals of these “deep dives” are to discuss the historical and cultural context for the relevant work being done at leading institutions, highlight innovative practices, and uncover future trends. Through this exploration, OIE will be better equipped to advise on policies and develop future programs.

= Georgia Tech Campus Landscape =

The University Innovation Fellows of GT 2014 and 2015, created a campus map that guides students on the ways they can engage in innovation and entrepreneurship on campus. 

To view the complete landscape canvas for Georgia Tech's campus, and surrounding Atlanta area, please follow the link below:

GT 2014 - [https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0 https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0]

GT 2015 - [https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14 https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14]

GT 2016 - [https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp]

GT 2017 - [https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0 https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0]

GT 2017 FALL - [https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0 https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0]

GT 2019 - [https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing]

GT 2020 - [https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1 https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1]

= Overview – A Focus on Industry and Collaboration4 =

The Georgia Institute of Technology (Georgia Tech), a public research university in Atlanta, Georgia, is part of the University System of Georgia. Established in the 1880s on the heels of the Industrial Revolution, Georgia Tech’s mission has always focused on assisting industry. For example, the university’s basic and applied research efforts have been instrumental for the global aerospace industry, with Georgia Tech scientists playing key roles in the development of radar and other flight technologies. Georgia Tech focuses intently on the basic-to-applied research continuum throughout its comprehensive research programs in engineering, physical and life sciences, computing, and policy. Georgia Tech’s Strategic Vision and Plan () infuses a focus on innovation and entrepreneurism across the spectrum of basic and applied research as well as in its educational programs. Viewed in broad themes, research at Georgia Tech includes work in:

*Big Data;
*Biotechnology and Biomedicine;
*Electronics and Nanotechnology;
*Manufacturing, Trade, and Logistics;
*Materials;
*National Security;
*Paper and Science Technology;
*People and Technology;
*Public Service, Leadership, and Policy;
*Robotics;
*Sustainable Infrastructure and Energy; and
*Systems.

 Georgia Tech’s culture embodies a collaborative approach. It enlists outside partners and contributors including academic, governmental, industry, and nonprofit institutions in an effort to better understand and ensure the benefit of research to the nation. In 1937, Georgia Tech established what is now the Georgia Tech Research Corporation (GTRC), an internal outpost for engineering experimentation and entrepreneurial applications of engineering, science, and technology. Georgia Tech also operates the oldest and largest university-based business incubator in the United States, the Advanced Technology Development Center, which was established in the 1980s to provide a range of services and facilities for entrepreneurs to launch and build new companies. Recognized by Forbes in 2010, the Advanced Technology Development Center has graduated 143 new companies, which have helped create millions of dollars in revenues and which together have attracted nearly $2.5 billion in capital activity. Capital activity includes venture capital funding, other investment, and the value of mergers and acquisitions.

Georgia Tech incorporates several strategies to ensure that it continually improves and expands its services to industry. To ensure it meets its fiduciary responsibilities and maintains public trust and confidence, the university continually strives to reduce bureaucratic barriers and modify underperforming initiatives. For example, the university has launched the Georgia Tech Integrated Program for Startups, GT:IPS™, which combines a streamlined licensing program with organized support for faculty and student inventor-entrepreneurs. The program provides information and education for entrepreneurs to help them form stronger, more successful companies, and the streamlined GT:IPS license agreement helps simplify negotiations and “take the drama off the table.”

Three of Georgia Tech’s more recent initiatives to promote innovation and entrepreneurship based on broad stakeholder partnerships include Flashpoint, NSF I-Corps, and the Global Center for Medical Innovation. Flashpoint, a Georgia Tech startup accelerator program established in 2011, encourages basic and applied research and facilitates their transfer to the marketplace through entrepreneurial education and access to experienced mentors, experts, investors, and stars in an open, immersive, shared-learning workspace.

In July 2012, Georgia Tech was named as a node for the National Science Foundation’s I-Corps program. NSF Director Subra Suresh describes I-Corps as a program to “leverage productive public-private partnerships and extend the impact of fundamental research discoveries.” He noted that it has “inspired the research and business communities to collaborate in new ways.” Georgia Tech is serving as a teaching site for the hands-on I-Corps curriculum.

Finally, the Global Center for Medical Innovation, which opened in 2012 with support from the Economic Development Authority’s i6 Program, will bring together core members of the medical device community — including universities, research centers, clinicians, established device and drug companies, investors, and early-stage companies — with the goal of accelerating the commercialization of innovative medical technology.

The NACIE commitment letter was broadly disseminated to Georgia Tech faculty and administrators and elicited general consensus prior to President Peterson’s endorsement. University stakeholders who were invited to review and comment on the letter were found to be already committed to its expressed ideas and goals. The letter’s real impact was to add “force” and “intentionality” to Georgia Tech’s innovation, entrepreneurship, and tech transfer strategic vision by providing a time scale for faculty and administration efforts, documenting their commitment, and holding them accountable.

Innovation and entrepreneurism are hallmarks of educational programs as well as research and technology transfer. Problem-based learning gives students an opportunity to develop ideas and technologies within their disciplines, and increasingly, activities such as the General Electric Smart Grid Challenge () provide a venue for companies to explore disruptive concepts through student engagement.

Over the past few years, Georgia Tech's entrepreneurial ecosystem has been growing rapidly, with both, faculty led and student led initiatives. There are startup clubs, startup discussions and even new funds through Georgia Tech that foster student innovation and encourage students to develop their idea/innovations into marketable products.

Below is an enumeration of several Georgia Tech programs and initiatives that support the five buckets in the NACIE sponsored university commitment letter.

= STUDENT ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Students at Georgia Tech are an active part of research and discovery. In fact, over 70 percent of invention disclosures name one or more students among the inventors. As part of a broader effort to foster innovation and entrepreneurship within its student community, Georgia Tech has several initiatives, including:

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://inventionstudio.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Invention Studio]— student-run design-build-play space open to all Georgia Tech students. It is staffed by University Lab Instructors, student volunteers who are on hand to train new students on machines and help with invention prototypes.The space provides resources for designing, prototyping, and sharing ideas through workshops, vendor networks, experienced guidance, and access to cutting edge machines.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>[https://industry.gatech.edu/researcher-toolkit/launching-startup <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Integrated Program for Startups, GT:IPS]— An initiative that supports faculty and student inventor-entrepreneurs through two components: GT:IPS Facilitation, a graduated program of support, information, and education for new company founders; and GT:IPS License, which offers the same terms to all Georgia Tech startups in the same field and provides them with transparency into Georgia Tech Research Corporation’s (GTRC) licensing processes.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://inventureprize.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">InVenture™ Prize]—An annual competition that inspires undergraduate teams to create inventions that will be judged by experts for more than $30,000 in cash prizes from Georgia Tech and sponsoring corporations. First and second place winners receive patent filings funded by GTRC, and in March 2011, a “People’s Choice” award was sponsored by NCR Corporation.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/tiger/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">TI:GER<span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">]— An award-winning program and partnership between Georgia Tech and Emory University School of Law that brings together PhD, MBA, and law students to experience the challenges of commercializing innovative technologies. Now approaching its 10th anniversary in 2012, TI:GER is expanding to global entrepreneurship and has become an established part of the entrepreneurial education of graduate students on both campuses.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://innovation.cae.gatech.edu/businessplan <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Business Plan Competitions]— An annual competition, held by the Scheller College of Business and the Institute for Leadership and Entrepreneurship to foster entrepreneurship among Georgia Tech students and recent alumni is just an example among many of Business Plan Competitions available at Georgia Tech. Since its inception, more than 650 participants have received approximately $570,000 in cash and services, and each year several teams launch companies to take their product concepts to market. To date, eight winning teams have been accepted into Georgia Tech’s Advanced Technology Development Center. </li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/i2s/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Ideas to SERVE (I2S)]— An annual competition of ideas where creativity, imagination, and the use of technology are applied innovatively to solve community and social issues and sustain the environment. Started as a specialty track of the Business Plan Competition in 2009, I2S has quickly grown into a separate event, contributing to Georgia Tech’s portfolio of programs that foster entrepreneurship. I2S is open to Georgia Tech students and recent alumni.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Summer, Create-X]— A GT program founded in the summer of 2015 that offers student teams $20,000 and mentorship over the summer to pursue their startup with a full time commitment. It is part of Create-X, a Georgia Tech initiative to instill entrepreneurial confidence in students and empower them to launch real startups. The broader goal of this initiative is to provide the knowledge, skills, abilities, and experiences that will give Georgia Tech graduates the confidence to create their own future and confidently pursue entrepreneurial opportunities.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.startup.exchange/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Exchange]— This is a student run organization that meets weekly, and organizes huddles and meetups with other student entrepreneurs, students looking to be entrepreneurs and successful entrepreneurs from the Atlanta area.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/idea-prototype <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Idea to Prototype]- This is a GT run program that offers course credit, research grants and faculty mentorship to student teams that want to pursue their idea and turn it into an actual product, over a period of 1-2 semesters.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/gsvc/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Global Social Venture Competition]- This is a global competition for student entrepreneurs in the social sector. Georgia Tech is the East Coast hub of the GSVC, with Berkeley in the West Coast.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.cic.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Convergence Innovation Competition]- This is a technology innovation competition organized by the GT RNOC every semester, to foster innovation in specific areas of technology, like telecommunications and transport. </li>
</ul>

 

*[http://designcollaborative.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Design Bloc]– A classroom and prototyping space that emphasizes design thinking through design behavior. The 5 tenants that students are taught are Empathy, Rapid Iteration, Contextual Awareness, Entrepreneurial Spirit and Creative Craft.



*  [https://www.vip.gatech.edu/ <span style="font-size: 11pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Vertically Integrated Projects (VIP)]<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">- A program that engages undergraduate and graduate students in multidisciplinary project teams that are led by faculty in many areas of scholarship. Undergraduate students earn credit for their efforts, and have the opportunity to work with teams on different projects. 

[http://www.invention.gatech.edu/about/ GT 2803 - “Your Idea, Your Invention" ] - This course provides practice-based fundamentals to students interested in invention: ideas and actions that create value and lead to positive change. In this course, invention is considered in the broadest sense. Examples include not only technologies, but the U.S. Constitution, games, manifestos, economic theories, symphonies, and systems like the cloverleaf for traffic control.

[https://grandchallenges.gatech.edu/content/course-information PUBP 1142 - Teams and Collaboration] - This course works on developing the interpersonal, team, and design thinking skills necessary for making progress against wicked problems.

[https://grandchallenges.gatech.edu/content/course-information GT 1201 - Exploring Grand Challenges] - The course is comprised of a series of problems that are issued throughout the semester instead of a traditional lecture or lab.

[http://enrichment.gatech.edu/gt1000/schedule GT 1000 "Startup" and "Research Innovation"] - This class is for any freshman at GT with an interest in design thinking.

[https://2110.me.gatech.edu/ ME 2110: Creative Decisions and Design] - "This class is specifically more Mechanical Engineering majors with an interest in design thinking.

= FACULTY ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech has several awards and programs to incentivize faculty to mentor graduate students, or themselves, to pursue innovative research and entrepreneurial ideas. These include:
<ul style="margin-top:0;margin-bottom:0;">
<li>Bio-impact Commercialization Team (BCT)— An initiative focusing on research in biomedicine whereby faculty members and the venture capital community work closely with experts in the biomedical device space to facilitate translational research and commercialization. The Wallace H. Coulter Foundation will fund the BCT’s translational research and development projects.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>I Corps - The [https://innovate.gatech.edu/programs-old/innovation-corps-icorps/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Innovation Corps (I-Corps)] teaches National Science Foundation (NSF) grantees to identify valuable product opportunities that can emerge from academic research and offers entrepreneurship training to student participants. I-Corps is a public-private partnership that prepares students to extend your focus beyond the laboratory by broadening the impact of select, NSF-funded basic-research projects.  The primary goal of I-Corps is to foster entrepreneurship that will lead to the commercialization of technology that has been supported by NSF-funded research.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Humanitarian Design and Engineering Studio- [https://design.gatech.edu/news/georgia-techs-new-humanitarian-design-studio-tackles-water-energy-public-health <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Rehabilitation Engineering and Applied Research (REAR) Lab] undertakes applied research and device development targeting the increased health and function of persons with disabilities. Specific areas of interest include: wheeled mobility and seating, pressure ulcer prevention and treatment; design of diagnostic tissue interrogation devices; design of assistive technology.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Enterprise Innovation Institute - [https://innovate.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Enterprise Innovation Institute] is Georgia Tech’s chief business outreach and economic development organization. The core mission is to help business, industry, entrepreneurs, and economic developers across Georgia grow and remain competitive.</li>
</ul>



= University Technology Transfer Functions =

*The Georgia Tech Research Corporation ([https://gtrc.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">GTRC])— The contracting entity responsible for several of the university’s tech transfer and licensing processes. GTRC also aims to accelerate the formation of robust Georgia Tech spinout companies and broaden participation in entrepreneurship among faculty and students. In addition, GTRC has revised master agreement terms and developed new template agreements to meet the needs of industry sponsors as technologies progress in development.



*Georgia Tech VentureLab— The [https://venturelab.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Venture Lab]  is a one-stop-shop providing comprehensive assistance to faculty, research staff, and students who want to take their technology innovations from the laboratory to the commercial market. VentureLab specialists help these innovators “start up” by assisting in business plan development, connecting them with experienced entrepreneurs, and locating sources of early-stage financing, including seed grants from the Georgia Research Alliance. The program has fostered, on average, one new spin out each month over the last three years.

*Georgia Tech Edison Fund — The [https://innovate.gatech.edu/front-page/edison-fund-established/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Edison Fund] is a source for modest investments into early-stage technology startups that have a strong connection to Georgia Tech. This fund makes use of targeted charitable contributions from Georgia Tech alumni and friends.

*Flashpoint  — [https://www.cc.gatech.edu/flashpoint-startup-engineering <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Flashpoint] creates better startups, faster, welcoming committed founders with domain knowledge and a passion for responding to the needs of their customers. Flashpoint helps shape startups with true market + product fit, reduced risks, lower costs, and a better chance of high quality success. Flashpoint is not classified as an incubator or accelerator, but rather a rigorous management and education program that works closely with founders to create companies.

*Advanced Technology Development Center ([https://atdc.org/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">ATDC]) - ATDC is a startup incubator at Georgia Tech that helps technology entrepreneurs in Georgia launch and build successful companies. Headquartered in Atlanta's Technology Square, ATDC serves as the hub for technology entrepreneurship in Georgia. ATDC Select is a three-year incubator program for high potential technology companies.  

*Keen Foundation Partnership- Georgia Tech and [https://www.bme.gatech.edu/bme/coulter-department-receives-keen-award <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">KEEN] share the vision of revolutionizing engineering education by fostering within students an entrepreneurial mindset, creating interdependent learners who are fearless in the face of a complex problem.



= University-Industry Collaboration =

*University-Industry Demonstration Partnership ([https://uidp.org/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">UIDP])— An activity of the National Academies that works to demonstrate innovative approaches to research engagement and improve relationships with private industry for research and commercialization of inventions. Georgia Tech has been a member and active participant since the UIDP was founded in 2005. The recently published Researcher Guide, a collaborative effort of UIDP university and industry members, provides information for university and company scientists and engineers who wish to engage in sponsored or collaborative research.



*<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Office of Industry Engagement (ICAL)<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">— An organization that works in close coordination with faculty, academic units, and university offices, including the Office of Sponsored Programs, Office of Innovation Commercialization and Translational Research, Enterprise Innovation Institute (EI²), and Advanced Technology Development Center, in their partnerships with private industry to help promote industry-sponsored research and further technology commercialization. Types of agreements facilitated by ICAL include nondisclosure, industry collaboration, consortium, memorandum of understanding, center bylaws, testing, and SBIR.

 

= Regional and Local Economic Development =

An economic impact study by the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business indicates that Georgia Tech made a $3.35 billion economic impact during the fiscal year 2018, the highest of any institution in the University System of Georgia (USG). The study also found that Georgia Tech generated 27,065 full- and part-time jobs. Most of the economic impact in the study consists of initial spending by USG institutions for salaries and benefits, supplies and expenses, and other budgeted expenditures, as well as spending by students who attend the institutions.

Georgia Tech also impacts the local and regional economy in several other ways, including:

*Research partnerships with business and industry in the state of Georgia and throughout the Southeast;
*Economic development services to help make Georgia’s small and medium-sized businesses and communities more innovative and efficient;
*The more than 48,000 Georgia Tech alumni who live and work in the state;
*Research labs that produce more than 300 invention disclosures annually;
*A strong patent portfolio, ranked eighth among the top 124 universities according to the 2009 Universities Patent Scorecard;
*Spinning off an average of ten new companies a year;
*The Economic Development Authority i6 grant, which we received in 2010 to support innovation and entrepreneurship and boost the quality of high-growth startups in the region. EDA funding has helped advance economic development activities through Georgia Tech’s University Center of Excellence and also through a recent Jobs Accelerator award, where Georgia Tech partners with Gwinnett Tech to prepare students for work in health information technology; and
*EI2, which serves Georgia through a network of industry specialists located in nine regions throughout the state. These specialists provide local businesses with direct technical and engineering assistance, professional education courses, networking opportunities, and connections to Georgia Tech resources.

 

During fiscal year 2018 alone, Georgia Tech’s Enterprise Innovation Institute (EI2):

*Number of clients served by EI^2 programs: 10,752
*Number of jobs created by or saved by EI^2-assisted clients: 15,724
*GaMEP-assisted manufacturing clients created or retained 2,047 jobs
*Evaluated 235 GT faculty member research innovations
*Served 505 technology startup companies
*Assisted 96 minority entrepreneurs resulting in $93 million in new contracts, sales, and financing
*Helped Georgia Manufacturers slash operating costs by $40 million
*Helped Georgia Manufacturers increase sales by $219 million
*Served 1,440 Georgia manufacturing companies
*Helped create or save 1,910 manufacturing jobs

 

= Deep-Dive Questions =

*How can Georgia Tech’s focus be shifted to further support innovation and entrepreneurship?
*Why is it important to support innovation?
*What is the relationship between innovation, entrepreneurship and tech transfer?
*How do you envision your program in the future?
*What is your vision for each of the case study’s buckets?
*How does your institution leverage, or intend to leverage, geographic endowment?
*Are your innovation, entrepreneurship, and tech transfer programs integrated? Why?
*Are there any uniquely successful or failed programs at your school you may wish to learn from?
*What can be done to make the student and faculty mindset on campus more entrepreneurial?
*How can GT’s focus on industry be used to motivate innovation on campus?

= Conclusion =

The Georgia Institute of Technology is a top-10 public research university and an Association of American Universities (AAU) member school. Jilda Garton’s comments have been instructive in better understanding Georgia Tech’s many entrepreneurship, research, and technology transfer programs, in addition to the impact of the NACIE commitment letter in framing Georgia Tech’s strategic plans and institutional culture.

The Georgia Tech entrepreneurship ecosystem is well in its advanced stages, yet it lacks in some minor areas. When addressed, GT will truly be an entrepreneurial campus, where every student can pursue entrepreneurship without any fear, and with the full support of all around them.

The Office of Innovation and Entrepreneurship thanks Georgia Tech’s assistance with this case study and looks forward to a continued close and collaborative relationship in building America’s innovation infrastructure.
<div>
Go Jackets!

----
<div id="ftn1">
4Comments By Jilda D. Garton, Vice Provost for Research, General Manager, GTRC and GTARC
</div></div><div> 
----
<div id="edn1">
New Entrepreneurship & Innovations Programs:
</div><div id="edn2">
New Entrepreneurship & Innovations Programs:
</div><div id="edn3">
The Office of Industry Collaborations and Affiliated Licenses (ICAL):
</div><div id="edn4">
Economic Impact of University System Reaches $13.2 Billion: www.usg.edu/news/release/economic_impact_of_university_system_reaches_13.2_billion
</div><div id="edn5">
Tech's Economic Impact on Georgia:

Source: "The Innovative and Entrepreneurial University: Higher Education, Innovation & Entrepreneurship in Focus", Department of Commerce, October 2013.
</div></div>
= Related Links =

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology Georgia Institute of Technology]

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology_Student_Priorities Georgia Institute of Technology Student Priorities]

'''University Innovation Fellows''

Fall 2020:

[https://universityinnovation.org/wiki/Fellow:Tynan_Purdy Tynan Purdy]

[https://universityinnovation.org/wiki/Fellow:Yuma_Tanaka Yuma Tanaka]

[https://universityinnovation.org/wiki/Fellow:Cole_Campbell Cole Campbell]

[https://universityinnovation.org/wiki/Fellow:Madison_Lovelace Madison Lovelace]

Fall 2019:

[http://universityinnovation.org/wiki/Jeremy_Levin Jeremy Levin]

[[Cassie McIltrot|Cassie McIltrot]]

[http://universityinnovation.org/wiki/Sierra_Mulrine Sierra Mulrine]

[[Margaret Lu|Margaret Lu]]

[[Jordan Lym|Jordan Lym ]]

[http://universityinnovation.org/wiki/Hunter_schaufel Hunter Schaufel]

[[Stefanos Charalambous|Stefanos Charalambous]]

Fall 2017:

[http://universityinnovation.org/wiki/Risha_Parikh Risha Parikh]

[http://universityinnovation.org/wiki/Taft_Weber-Kilpack Taft Weber-Kilpack]

[http://universityinnovation.org/wiki/HanSung_Kim HanSung Kim]

Spring 2017:

[http://universityinnovation.org/wiki/Julie_Leonard-Duke Julie Leonard-Duke]

[[Fang Shi|Fang Shi]]

[http://universityinnovation.org/wiki/Monali_Shah Monali Shah]

[http://universityinnovation.org/wiki/Jason_Weis Jason Weis]

Spring 2016:

[http://universityinnovation.org/wiki/Thomas_W._Clifton_V Thomas Clifton]

[http://universityinnovation.org/wiki/Kshitij_Kulkarni Kshitij Kulkarni]

[http://universityinnovation.org/wiki/Arshiya_Lal Arshiya Lal]

Fall 2015:

[http://universityinnovation.org/wiki/Utkarsh_Garg Utkarsh Garg]

Spring 2014:

[http://universityinnovation.org/wiki/Alex_Flohr Alex Flohr]

[http://universityinnovation.org/wiki/Megna_Saha Megna Saha]

[http://universityinnovation.org/wiki/Rachel_Ford Rachel Ford]

[[Category:Universities]]
[[Category:Schools]]
[[Category:Georgia_Institute_of_Technology]]
{{CatTree|Georgia_Institute_of_Technology}}

School:Georgia Institute of Technology

2020-09-21T22:44:29Z

Mlovelace3: Undo revision 123365 by Mlovelace3 (talk)

= Background =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">In April 2010, more than 140 leaders from higher education endorsed and submitted a letter to then-Commerce Secretary Gary Locke through his National Advisory Council on Innovation and Entrepreneurship (NACIE). These leaders, including Georgia Tech’s former president, G.P. “Bud” Peterson, committed to work more closely with industry, private foundations, investors, and local, state, and federal governments to promote innovation, entrepreneurship, and the commercialization of research results. Underlying their commitment was a willingness to employ strategies, enhance existing activities, and expand efforts in several areas, including:

*Promoting student innovation and entrepreneurship
*Encouraging faculty innovation and entrepreneurship
*Actively supporting the university technology transfer function
*Facilitating university – industry collaboration
*Engaging with regional and local economic development efforts

 <span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Department of Commerce’s Office of Innovation and Entrepreneurship (OIE) recently followed up with the signatories to better understand their efforts to embody and implement the ideas contained within the letter, as well as to improve their ability to develop policies and programs that support innovation, entrepreneurship, and the commercialization of research results. OIE is conducting phone calls with every respondent to discuss their strategies and develop a general outline of each of their initiatives.

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">For a select few institutions, including some who did not sign the NACIE letter, OIE has conducted a more thorough exploration of their strategies and initiatives. The goals of these “deep dives” are to discuss the historical and cultural context for the relevant work being done at leading institutions, highlight innovative practices, and uncover future trends. Through this exploration, OIE will be better equipped to advise on policies and develop future programs.

= Georgia Tech Campus Landscape =

The University Innovation Fellows of GT 2014 and 2015, created a campus map that guides students on the ways they can engage in innovation and entrepreneurship on campus. 

To view the complete landscape canvas for Georgia Tech's campus, and surrounding Atlanta area, please follow the link below:

GT 2014 - [https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0 https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0]

GT 2015 - [https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14 https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14]

GT 2016 - [https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp]

GT 2017 - [https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0 https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0]

GT 2017 FALL - [https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0 https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0]

GT 2019 - [https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing]

GT 2020 - [https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1 https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1]

= Overview – A Focus on Industry and Collaboration4 =

The Georgia Institute of Technology (Georgia Tech), a public research university in Atlanta, Georgia, is part of the University System of Georgia. Established in the 1880s on the heels of the Industrial Revolution, Georgia Tech’s mission has always focused on assisting industry. For example, the university’s basic and applied research efforts have been instrumental for the global aerospace industry, with Georgia Tech scientists playing key roles in the development of radar and other flight technologies. Georgia Tech focuses intently on the basic-to-applied research continuum throughout its comprehensive research programs in engineering, physical and life sciences, computing, and policy. Georgia Tech’s Strategic Vision and Plan () infuses a focus on innovation and entrepreneurism across the spectrum of basic and applied research as well as in its educational programs. Viewed in broad themes, research at Georgia Tech includes work in:

*Big Data;
*Biotechnology and Biomedicine;
*Electronics and Nanotechnology;
*Manufacturing, Trade, and Logistics;
*Materials;
*National Security;
*Paper and Science Technology;
*People and Technology;
*Public Service, Leadership, and Policy;
*Robotics;
*Sustainable Infrastructure and Energy; and
*Systems.

 Georgia Tech’s culture embodies a collaborative approach. It enlists outside partners and contributors including academic, governmental, industry, and nonprofit institutions in an effort to better understand and ensure the benefit of research to the nation. In 1937, Georgia Tech established what is now the Georgia Tech Research Corporation (GTRC), an internal outpost for engineering experimentation and entrepreneurial applications of engineering, science, and technology. Georgia Tech also operates the oldest and largest university-based business incubator in the United States, the Advanced Technology Development Center, which was established in the 1980s to provide a range of services and facilities for entrepreneurs to launch and build new companies. Recognized by Forbes in 2010, the Advanced Technology Development Center has graduated 143 new companies, which have helped create millions of dollars in revenues and which together have attracted nearly $2.5 billion in capital activity. Capital activity includes venture capital funding, other investment, and the value of mergers and acquisitions.

Georgia Tech incorporates several strategies to ensure that it continually improves and expands its services to industry. To ensure it meets its fiduciary responsibilities and maintains public trust and confidence, the university continually strives to reduce bureaucratic barriers and modify underperforming initiatives. For example, the university has launched the Georgia Tech Integrated Program for Startups, GT:IPS™, which combines a streamlined licensing program with organized support for faculty and student inventor-entrepreneurs. The program provides information and education for entrepreneurs to help them form stronger, more successful companies, and the streamlined GT:IPS license agreement helps simplify negotiations and “take the drama off the table.”

Three of Georgia Tech’s more recent initiatives to promote innovation and entrepreneurship based on broad stakeholder partnerships include Flashpoint, NSF I-Corps, and the Global Center for Medical Innovation. Flashpoint, a Georgia Tech startup accelerator program established in 2011, encourages basic and applied research and facilitates their transfer to the marketplace through entrepreneurial education and access to experienced mentors, experts, investors, and stars in an open, immersive, shared-learning workspace.

In July 2012, Georgia Tech was named as a node for the National Science Foundation’s I-Corps program. NSF Director Subra Suresh describes I-Corps as a program to “leverage productive public-private partnerships and extend the impact of fundamental research discoveries.” He noted that it has “inspired the research and business communities to collaborate in new ways.” Georgia Tech is serving as a teaching site for the hands-on I-Corps curriculum.

Finally, the Global Center for Medical Innovation, which opened in 2012 with support from the Economic Development Authority’s i6 Program, will bring together core members of the medical device community — including universities, research centers, clinicians, established device and drug companies, investors, and early-stage companies — with the goal of accelerating the commercialization of innovative medical technology.

The NACIE commitment letter was broadly disseminated to Georgia Tech faculty and administrators and elicited general consensus prior to President Peterson’s endorsement. University stakeholders who were invited to review and comment on the letter were found to be already committed to its expressed ideas and goals. The letter’s real impact was to add “force” and “intentionality” to Georgia Tech’s innovation, entrepreneurship, and tech transfer strategic vision by providing a time scale for faculty and administration efforts, documenting their commitment, and holding them accountable.

Innovation and entrepreneurism are hallmarks of educational programs as well as research and technology transfer. Problem-based learning gives students an opportunity to develop ideas and technologies within their disciplines, and increasingly, activities such as the General Electric Smart Grid Challenge () provide a venue for companies to explore disruptive concepts through student engagement.

Over the past few years, Georgia Tech's entrepreneurial ecosystem has been growing rapidly, with both, faculty led and student led initiatives. There are startup clubs, startup discussions and even new funds through Georgia Tech that foster student innovation and encourage students to develop their idea/innovations into marketable products.

Below is an enumeration of several Georgia Tech programs and initiatives that support the five buckets in the NACIE sponsored university commitment letter.

= STUDENT ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Students at Georgia Tech are an active part of research and discovery. In fact, over 70 percent of invention disclosures name one or more students among the inventors. As part of a broader effort to foster innovation and entrepreneurship within its student community, Georgia Tech has several initiatives, including:

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://inventionstudio.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Invention Studio]— student-run design-build-play space open to all Georgia Tech students. It is staffed by University Lab Instructors, student volunteers who are on hand to train new students on machines and help with invention prototypes.The space provides resources for designing, prototyping, and sharing ideas through workshops, vendor networks, experienced guidance, and access to cutting edge machines.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>[https://industry.gatech.edu/researcher-toolkit/launching-startup <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Integrated Program for Startups, GT:IPS]— An initiative that supports faculty and student inventor-entrepreneurs through two components: GT:IPS Facilitation, a graduated program of support, information, and education for new company founders; and GT:IPS License, which offers the same terms to all Georgia Tech startups in the same field and provides them with transparency into Georgia Tech Research Corporation’s (GTRC) licensing processes.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://inventureprize.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">InVenture™ Prize]—An annual competition that inspires undergraduate teams to create inventions that will be judged by experts for more than $30,000 in cash prizes from Georgia Tech and sponsoring corporations. First and second place winners receive patent filings funded by GTRC, and in March 2011, a “People’s Choice” award was sponsored by NCR Corporation.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/tiger/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">TI:GER<span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">]— An award-winning program and partnership between Georgia Tech and Emory University School of Law that brings together PhD, MBA, and law students to experience the challenges of commercializing innovative technologies. Now approaching its 10th anniversary in 2012, TI:GER is expanding to global entrepreneurship and has become an established part of the entrepreneurial education of graduate students on both campuses.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://innovation.cae.gatech.edu/businessplan <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Business Plan Competitions]— An annual competition, held by the Scheller College of Business and the Institute for Leadership and Entrepreneurship to foster entrepreneurship among Georgia Tech students and recent alumni is just an example among many of Business Plan Competitions available at Georgia Tech. Since its inception, more than 650 participants have received approximately $570,000 in cash and services, and each year several teams launch companies to take their product concepts to market. To date, eight winning teams have been accepted into Georgia Tech’s Advanced Technology Development Center. </li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/i2s/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Ideas to SERVE (I2S)]— An annual competition of ideas where creativity, imagination, and the use of technology are applied innovatively to solve community and social issues and sustain the environment. Started as a specialty track of the Business Plan Competition in 2009, I2S has quickly grown into a separate event, contributing to Georgia Tech’s portfolio of programs that foster entrepreneurship. I2S is open to Georgia Tech students and recent alumni.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Summer, Create-X]— A GT program founded in the summer of 2015 that offers student teams $20,000 and mentorship over the summer to pursue their startup with a full time commitment. It is part of Create-X, a Georgia Tech initiative to instill entrepreneurial confidence in students and empower them to launch real startups. The broader goal of this initiative is to provide the knowledge, skills, abilities, and experiences that will give Georgia Tech graduates the confidence to create their own future and confidently pursue entrepreneurial opportunities.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.startup.exchange/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Exchange]— This is a student run organization that meets weekly, and organizes huddles and meetups with other student entrepreneurs, students looking to be entrepreneurs and successful entrepreneurs from the Atlanta area.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/idea-prototype <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Idea to Prototype]- This is a GT run program that offers course credit, research grants and faculty mentorship to student teams that want to pursue their idea and turn it into an actual product, over a period of 1-2 semesters.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/gsvc/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Global Social Venture Competition]- This is a global competition for student entrepreneurs in the social sector. Georgia Tech is the East Coast hub of the GSVC, with Berkeley in the West Coast.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.cic.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Convergence Innovation Competition]- This is a technology innovation competition organized by the GT RNOC every semester, to foster innovation in specific areas of technology, like telecommunications and transport. </li>
</ul>

 

*[http://designcollaborative.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Design Bloc]– A classroom and prototyping space that emphasizes design thinking through design behavior. The 5 tenants that students are taught are Empathy, Rapid Iteration, Contextual Awareness, Entrepreneurial Spirit and Creative Craft.



*  [https://www.vip.gatech.edu/ <span style="font-size: 11pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Vertically Integrated Projects (VIP)]<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">- A program that engages undergraduate and graduate students in multidisciplinary project teams that are led by faculty in many areas of scholarship. Undergraduate students earn credit for their efforts, and have the opportunity to work with teams on different projects. 

= FACULTY ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech has several awards and programs to incentivize faculty to mentor graduate students, or themselves, to pursue innovative research and entrepreneurial ideas. These include:
<ul style="margin-top:0;margin-bottom:0;">
<li>Bio-impact Commercialization Team (BCT)— An initiative focusing on research in biomedicine whereby faculty members and the venture capital community work closely with experts in the biomedical device space to facilitate translational research and commercialization. The Wallace H. Coulter Foundation will fund the BCT’s translational research and development projects.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>I Corps - The [https://innovate.gatech.edu/programs-old/innovation-corps-icorps/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Innovation Corps (I-Corps)] teaches National Science Foundation (NSF) grantees to identify valuable product opportunities that can emerge from academic research and offers entrepreneurship training to student participants. I-Corps is a public-private partnership that prepares students to extend your focus beyond the laboratory by broadening the impact of select, NSF-funded basic-research projects.  The primary goal of I-Corps is to foster entrepreneurship that will lead to the commercialization of technology that has been supported by NSF-funded research.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Humanitarian Design and Engineering Studio- [https://design.gatech.edu/news/georgia-techs-new-humanitarian-design-studio-tackles-water-energy-public-health <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Rehabilitation Engineering and Applied Research (REAR) Lab] undertakes applied research and device development targeting the increased health and function of persons with disabilities. Specific areas of interest include: wheeled mobility and seating, pressure ulcer prevention and treatment; design of diagnostic tissue interrogation devices; design of assistive technology.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Enterprise Innovation Institute - [https://innovate.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Enterprise Innovation Institute] is Georgia Tech’s chief business outreach and economic development organization. The core mission is to help business, industry, entrepreneurs, and economic developers across Georgia grow and remain competitive.</li>
</ul>



= University Technology Transfer Functions =

*The Georgia Tech Research Corporation ([https://gtrc.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">GTRC])— The contracting entity responsible for several of the university’s tech transfer and licensing processes. GTRC also aims to accelerate the formation of robust Georgia Tech spinout companies and broaden participation in entrepreneurship among faculty and students. In addition, GTRC has revised master agreement terms and developed new template agreements to meet the needs of industry sponsors as technologies progress in development.



*Georgia Tech VentureLab— The [https://venturelab.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Venture Lab]  is a one-stop-shop providing comprehensive assistance to faculty, research staff, and students who want to take their technology innovations from the laboratory to the commercial market. VentureLab specialists help these innovators “start up” by assisting in business plan development, connecting them with experienced entrepreneurs, and locating sources of early-stage financing, including seed grants from the Georgia Research Alliance. The program has fostered, on average, one new spin out each month over the last three years.

*Georgia Tech Edison Fund — The [https://innovate.gatech.edu/front-page/edison-fund-established/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Edison Fund] is a source for modest investments into early-stage technology startups that have a strong connection to Georgia Tech. This fund makes use of targeted charitable contributions from Georgia Tech alumni and friends.

*Flashpoint  — [https://www.cc.gatech.edu/flashpoint-startup-engineering <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Flashpoint] creates better startups, faster, welcoming committed founders with domain knowledge and a passion for responding to the needs of their customers. Flashpoint helps shape startups with true market + product fit, reduced risks, lower costs, and a better chance of high quality success. Flashpoint is not classified as an incubator or accelerator, but rather a rigorous management and education program that works closely with founders to create companies.

*Advanced Technology Development Center ([https://atdc.org/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">ATDC]) - ATDC is a startup incubator at Georgia Tech that helps technology entrepreneurs in Georgia launch and build successful companies. Headquartered in Atlanta's Technology Square, ATDC serves as the hub for technology entrepreneurship in Georgia. ATDC Select is a three-year incubator program for high potential technology companies.  

*Keen Foundation Partnership- Georgia Tech and [https://www.bme.gatech.edu/bme/coulter-department-receives-keen-award <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">KEEN] share the vision of revolutionizing engineering education by fostering within students an entrepreneurial mindset, creating interdependent learners who are fearless in the face of a complex problem.



= University-Industry Collaboration =

*University-Industry Demonstration Partnership ([https://uidp.org/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">UIDP])— An activity of the National Academies that works to demonstrate innovative approaches to research engagement and improve relationships with private industry for research and commercialization of inventions. Georgia Tech has been a member and active participant since the UIDP was founded in 2005. The recently published Researcher Guide, a collaborative effort of UIDP university and industry members, provides information for university and company scientists and engineers who wish to engage in sponsored or collaborative research.



*<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Office of Industry Engagement (ICAL)<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">— An organization that works in close coordination with faculty, academic units, and university offices, including the Office of Sponsored Programs, Office of Innovation Commercialization and Translational Research, Enterprise Innovation Institute (EI²), and Advanced Technology Development Center, in their partnerships with private industry to help promote industry-sponsored research and further technology commercialization. Types of agreements facilitated by ICAL include nondisclosure, industry collaboration, consortium, memorandum of understanding, center bylaws, testing, and SBIR.

 

= Regional and Local Economic Development =

An economic impact study by the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business indicates that Georgia Tech made a $3.35 billion economic impact during the fiscal year 2018, the highest of any institution in the University System of Georgia (USG). The study also found that Georgia Tech generated 27,065 full- and part-time jobs. Most of the economic impact in the study consists of initial spending by USG institutions for salaries and benefits, supplies and expenses, and other budgeted expenditures, as well as spending by students who attend the institutions.

Georgia Tech also impacts the local and regional economy in several other ways, including:

*Research partnerships with business and industry in the state of Georgia and throughout the Southeast;
*Economic development services to help make Georgia’s small and medium-sized businesses and communities more innovative and efficient;
*The more than 48,000 Georgia Tech alumni who live and work in the state;
*Research labs that produce more than 300 invention disclosures annually;
*A strong patent portfolio, ranked eighth among the top 124 universities according to the 2009 Universities Patent Scorecard;
*Spinning off an average of ten new companies a year;
*The Economic Development Authority i6 grant, which we received in 2010 to support innovation and entrepreneurship and boost the quality of high-growth startups in the region. EDA funding has helped advance economic development activities through Georgia Tech’s University Center of Excellence and also through a recent Jobs Accelerator award, where Georgia Tech partners with Gwinnett Tech to prepare students for work in health information technology; and
*EI2, which serves Georgia through a network of industry specialists located in nine regions throughout the state. These specialists provide local businesses with direct technical and engineering assistance, professional education courses, networking opportunities, and connections to Georgia Tech resources.

 

During fiscal year 2018 alone, Georgia Tech’s Enterprise Innovation Institute (EI2):

*Number of clients served by EI^2 programs: 10,752
*Number of jobs created by or saved by EI^2-assisted clients: 15,724
*GaMEP-assisted manufacturing clients created or retained 2,047 jobs
*Evaluated 235 GT faculty member research innovations
*Served 505 technology startup companies
*Assisted 96 minority entrepreneurs resulting in $93 million in new contracts, sales, and financing
*Helped Georgia Manufacturers slash operating costs by $40 million
*Helped Georgia Manufacturers increase sales by $219 million
*Served 1,440 Georgia manufacturing companies
*Helped create or save 1,910 manufacturing jobs

 

= Deep-Dive Questions =

*How can Georgia Tech’s focus be shifted to further support innovation and entrepreneurship?
*Why is it important to support innovation?
*What is the relationship between innovation, entrepreneurship and tech transfer?
*How do you envision your program in the future?
*What is your vision for each of the case study’s buckets?
*How does your institution leverage, or intend to leverage, geographic endowment?
*Are your innovation, entrepreneurship, and tech transfer programs integrated? Why?
*Are there any uniquely successful or failed programs at your school you may wish to learn from?
*What can be done to make the student and faculty mindset on campus more entrepreneurial?
*How can GT’s focus on industry be used to motivate innovation on campus?

= Conclusion =

The Georgia Institute of Technology is a top-10 public research university and an Association of American Universities (AAU) member school. Jilda Garton’s comments have been instructive in better understanding Georgia Tech’s many entrepreneurship, research, and technology transfer programs, in addition to the impact of the NACIE commitment letter in framing Georgia Tech’s strategic plans and institutional culture.

The Georgia Tech entrepreneurship ecosystem is well in its advanced stages, yet it lacks in some minor areas. When addressed, GT will truly be an entrepreneurial campus, where every student can pursue entrepreneurship without any fear, and with the full support of all around them.

The Office of Innovation and Entrepreneurship thanks Georgia Tech’s assistance with this case study and looks forward to a continued close and collaborative relationship in building America’s innovation infrastructure.
<div>
Go Jackets!

----
<div id="ftn1">
4Comments By Jilda D. Garton, Vice Provost for Research, General Manager, GTRC and GTARC
</div></div><div> 
----
<div id="edn1">
New Entrepreneurship & Innovations Programs:
</div><div id="edn2">
New Entrepreneurship & Innovations Programs:
</div><div id="edn3">
The Office of Industry Collaborations and Affiliated Licenses (ICAL):
</div><div id="edn4">
Economic Impact of University System Reaches $13.2 Billion: www.usg.edu/news/release/economic_impact_of_university_system_reaches_13.2_billion
</div><div id="edn5">
Tech's Economic Impact on Georgia:

Source: "The Innovative and Entrepreneurial University: Higher Education, Innovation & Entrepreneurship in Focus", Department of Commerce, October 2013.
</div></div>
= Related Links =

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology Georgia Institute of Technology]

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology_Student_Priorities Georgia Institute of Technology Student Priorities]

'''University Innovation Fellows''

Fall 2020:

[https://universityinnovation.org/wiki/Fellow:Tynan_Purdy Tynan Purdy]

[https://universityinnovation.org/wiki/Fellow:Yuma_Tanaka Yuma Tanaka]

[https://universityinnovation.org/wiki/Fellow:Cole_Campbell Cole Campbell]

[https://universityinnovation.org/wiki/Fellow:Madison_Lovelace Madison Lovelace]

Fall 2019:

[http://universityinnovation.org/wiki/Jeremy_Levin Jeremy Levin]

[[Cassie McIltrot|Cassie McIltrot]]

[http://universityinnovation.org/wiki/Sierra_Mulrine Sierra Mulrine]

[[Margaret Lu|Margaret Lu]]

[[Jordan Lym|Jordan Lym ]]

[http://universityinnovation.org/wiki/Hunter_schaufel Hunter Schaufel]

[[Stefanos Charalambous|Stefanos Charalambous]]

Fall 2017:

[http://universityinnovation.org/wiki/Risha_Parikh Risha Parikh]

[http://universityinnovation.org/wiki/Taft_Weber-Kilpack Taft Weber-Kilpack]

[http://universityinnovation.org/wiki/HanSung_Kim HanSung Kim]

Spring 2017:

[http://universityinnovation.org/wiki/Julie_Leonard-Duke Julie Leonard-Duke]

[[Fang Shi|Fang Shi]]

[http://universityinnovation.org/wiki/Monali_Shah Monali Shah]

[http://universityinnovation.org/wiki/Jason_Weis Jason Weis]

Spring 2016:

[http://universityinnovation.org/wiki/Thomas_W._Clifton_V Thomas Clifton]

[http://universityinnovation.org/wiki/Kshitij_Kulkarni Kshitij Kulkarni]

[http://universityinnovation.org/wiki/Arshiya_Lal Arshiya Lal]

Fall 2015:

[http://universityinnovation.org/wiki/Utkarsh_Garg Utkarsh Garg]

Spring 2014:

[http://universityinnovation.org/wiki/Alex_Flohr Alex Flohr]

[http://universityinnovation.org/wiki/Megna_Saha Megna Saha]

[http://universityinnovation.org/wiki/Rachel_Ford Rachel Ford]

[[Category:Universities]]
[[Category:Schools]]
[[Category:Georgia_Institute_of_Technology]]
{{CatTree|Georgia_Institute_of_Technology}}

School:Georgia Institute of Technology

2020-09-21T22:42:02Z

Mlovelace3: /*ENTREPRENEURSHIP IN THE CLASSROOM*/

= Background =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">In April 2010, more than 140 leaders from higher education endorsed and submitted a letter to then-Commerce Secretary Gary Locke through his National Advisory Council on Innovation and Entrepreneurship (NACIE). These leaders, including Georgia Tech’s former president, G.P. “Bud” Peterson, committed to work more closely with industry, private foundations, investors, and local, state, and federal governments to promote innovation, entrepreneurship, and the commercialization of research results. Underlying their commitment was a willingness to employ strategies, enhance existing activities, and expand efforts in several areas, including:

*Promoting student innovation and entrepreneurship
*Encouraging faculty innovation and entrepreneurship
*Actively supporting the university technology transfer function
*Facilitating university – industry collaboration
*Engaging with regional and local economic development efforts

 <span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Department of Commerce’s Office of Innovation and Entrepreneurship (OIE) recently followed up with the signatories to better understand their efforts to embody and implement the ideas contained within the letter, as well as to improve their ability to develop policies and programs that support innovation, entrepreneurship, and the commercialization of research results. OIE is conducting phone calls with every respondent to discuss their strategies and develop a general outline of each of their initiatives.

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">For a select few institutions, including some who did not sign the NACIE letter, OIE has conducted a more thorough exploration of their strategies and initiatives. The goals of these “deep dives” are to discuss the historical and cultural context for the relevant work being done at leading institutions, highlight innovative practices, and uncover future trends. Through this exploration, OIE will be better equipped to advise on policies and develop future programs.

= Georgia Tech Campus Landscape =

The University Innovation Fellows of GT 2014 and 2015, created a campus map that guides students on the ways they can engage in innovation and entrepreneurship on campus. 

To view the complete landscape canvas for Georgia Tech's campus, and surrounding Atlanta area, please follow the link below:

GT 2014 - [https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0 https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0]

GT 2015 - [https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14 https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14]

GT 2016 - [https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp]

GT 2017 - [https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0 https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0]

GT 2017 FALL - [https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0 https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0]

GT 2019 - [https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing]

GT 2020 - [https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1 https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1]

= Overview – A Focus on Industry and Collaboration4 =

The Georgia Institute of Technology (Georgia Tech), a public research university in Atlanta, Georgia, is part of the University System of Georgia. Established in the 1880s on the heels of the Industrial Revolution, Georgia Tech’s mission has always focused on assisting industry. For example, the university’s basic and applied research efforts have been instrumental for the global aerospace industry, with Georgia Tech scientists playing key roles in the development of radar and other flight technologies. Georgia Tech focuses intently on the basic-to-applied research continuum throughout its comprehensive research programs in engineering, physical and life sciences, computing, and policy. Georgia Tech’s Strategic Vision and Plan () infuses a focus on innovation and entrepreneurism across the spectrum of basic and applied research as well as in its educational programs. Viewed in broad themes, research at Georgia Tech includes work in:

*Big Data;
*Biotechnology and Biomedicine;
*Electronics and Nanotechnology;
*Manufacturing, Trade, and Logistics;
*Materials;
*National Security;
*Paper and Science Technology;
*People and Technology;
*Public Service, Leadership, and Policy;
*Robotics;
*Sustainable Infrastructure and Energy; and
*Systems.

 Georgia Tech’s culture embodies a collaborative approach. It enlists outside partners and contributors including academic, governmental, industry, and nonprofit institutions in an effort to better understand and ensure the benefit of research to the nation. In 1937, Georgia Tech established what is now the Georgia Tech Research Corporation (GTRC), an internal outpost for engineering experimentation and entrepreneurial applications of engineering, science, and technology. Georgia Tech also operates the oldest and largest university-based business incubator in the United States, the Advanced Technology Development Center, which was established in the 1980s to provide a range of services and facilities for entrepreneurs to launch and build new companies. Recognized by Forbes in 2010, the Advanced Technology Development Center has graduated 143 new companies, which have helped create millions of dollars in revenues and which together have attracted nearly $2.5 billion in capital activity. Capital activity includes venture capital funding, other investment, and the value of mergers and acquisitions.

Georgia Tech incorporates several strategies to ensure that it continually improves and expands its services to industry. To ensure it meets its fiduciary responsibilities and maintains public trust and confidence, the university continually strives to reduce bureaucratic barriers and modify underperforming initiatives. For example, the university has launched the Georgia Tech Integrated Program for Startups, GT:IPS™, which combines a streamlined licensing program with organized support for faculty and student inventor-entrepreneurs. The program provides information and education for entrepreneurs to help them form stronger, more successful companies, and the streamlined GT:IPS license agreement helps simplify negotiations and “take the drama off the table.”

Three of Georgia Tech’s more recent initiatives to promote innovation and entrepreneurship based on broad stakeholder partnerships include Flashpoint, NSF I-Corps, and the Global Center for Medical Innovation. Flashpoint, a Georgia Tech startup accelerator program established in 2011, encourages basic and applied research and facilitates their transfer to the marketplace through entrepreneurial education and access to experienced mentors, experts, investors, and stars in an open, immersive, shared-learning workspace.

In July 2012, Georgia Tech was named as a node for the National Science Foundation’s I-Corps program. NSF Director Subra Suresh describes I-Corps as a program to “leverage productive public-private partnerships and extend the impact of fundamental research discoveries.” He noted that it has “inspired the research and business communities to collaborate in new ways.” Georgia Tech is serving as a teaching site for the hands-on I-Corps curriculum.

Finally, the Global Center for Medical Innovation, which opened in 2012 with support from the Economic Development Authority’s i6 Program, will bring together core members of the medical device community — including universities, research centers, clinicians, established device and drug companies, investors, and early-stage companies — with the goal of accelerating the commercialization of innovative medical technology.

The NACIE commitment letter was broadly disseminated to Georgia Tech faculty and administrators and elicited general consensus prior to President Peterson’s endorsement. University stakeholders who were invited to review and comment on the letter were found to be already committed to its expressed ideas and goals. The letter’s real impact was to add “force” and “intentionality” to Georgia Tech’s innovation, entrepreneurship, and tech transfer strategic vision by providing a time scale for faculty and administration efforts, documenting their commitment, and holding them accountable.

Innovation and entrepreneurism are hallmarks of educational programs as well as research and technology transfer. Problem-based learning gives students an opportunity to develop ideas and technologies within their disciplines, and increasingly, activities such as the General Electric Smart Grid Challenge () provide a venue for companies to explore disruptive concepts through student engagement.

Over the past few years, Georgia Tech's entrepreneurial ecosystem has been growing rapidly, with both, faculty led and student led initiatives. There are startup clubs, startup discussions and even new funds through Georgia Tech that foster student innovation and encourage students to develop their idea/innovations into marketable products.

Below is an enumeration of several Georgia Tech programs and initiatives that support the five buckets in the NACIE sponsored university commitment letter.

= STUDENT ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Students at Georgia Tech are an active part of research and discovery. In fact, over 70 percent of invention disclosures name one or more students among the inventors. As part of a broader effort to foster innovation and entrepreneurship within its student community, Georgia Tech has several initiatives, including:

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://inventionstudio.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Invention Studio]— student-run design-build-play space open to all Georgia Tech students. It is staffed by University Lab Instructors, student volunteers who are on hand to train new students on machines and help with invention prototypes.The space provides resources for designing, prototyping, and sharing ideas through workshops, vendor networks, experienced guidance, and access to cutting edge machines.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>[https://industry.gatech.edu/researcher-toolkit/launching-startup <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Integrated Program for Startups, GT:IPS]— An initiative that supports faculty and student inventor-entrepreneurs through two components: GT:IPS Facilitation, a graduated program of support, information, and education for new company founders; and GT:IPS License, which offers the same terms to all Georgia Tech startups in the same field and provides them with transparency into Georgia Tech Research Corporation’s (GTRC) licensing processes.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://inventureprize.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">InVenture™ Prize]—An annual competition that inspires undergraduate teams to create inventions that will be judged by experts for more than $30,000 in cash prizes from Georgia Tech and sponsoring corporations. First and second place winners receive patent filings funded by GTRC, and in March 2011, a “People’s Choice” award was sponsored by NCR Corporation.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/tiger/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">TI:GER<span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">]— An award-winning program and partnership between Georgia Tech and Emory University School of Law that brings together PhD, MBA, and law students to experience the challenges of commercializing innovative technologies. Now approaching its 10th anniversary in 2012, TI:GER is expanding to global entrepreneurship and has become an established part of the entrepreneurial education of graduate students on both campuses.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://innovation.cae.gatech.edu/businessplan <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Business Plan Competitions]— An annual competition, held by the Scheller College of Business and the Institute for Leadership and Entrepreneurship to foster entrepreneurship among Georgia Tech students and recent alumni is just an example among many of Business Plan Competitions available at Georgia Tech. Since its inception, more than 650 participants have received approximately $570,000 in cash and services, and each year several teams launch companies to take their product concepts to market. To date, eight winning teams have been accepted into Georgia Tech’s Advanced Technology Development Center. </li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/i2s/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Ideas to SERVE (I2S)]— An annual competition of ideas where creativity, imagination, and the use of technology are applied innovatively to solve community and social issues and sustain the environment. Started as a specialty track of the Business Plan Competition in 2009, I2S has quickly grown into a separate event, contributing to Georgia Tech’s portfolio of programs that foster entrepreneurship. I2S is open to Georgia Tech students and recent alumni.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Summer, Create-X]— A GT program founded in the summer of 2015 that offers student teams $20,000 and mentorship over the summer to pursue their startup with a full time commitment. It is part of Create-X, a Georgia Tech initiative to instill entrepreneurial confidence in students and empower them to launch real startups. The broader goal of this initiative is to provide the knowledge, skills, abilities, and experiences that will give Georgia Tech graduates the confidence to create their own future and confidently pursue entrepreneurial opportunities.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.startup.exchange/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Exchange]— This is a student run organization that meets weekly, and organizes huddles and meetups with other student entrepreneurs, students looking to be entrepreneurs and successful entrepreneurs from the Atlanta area.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/idea-prototype <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Idea to Prototype]- This is a GT run program that offers course credit, research grants and faculty mentorship to student teams that want to pursue their idea and turn it into an actual product, over a period of 1-2 semesters.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/gsvc/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Global Social Venture Competition]- This is a global competition for student entrepreneurs in the social sector. Georgia Tech is the East Coast hub of the GSVC, with Berkeley in the West Coast.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.cic.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Convergence Innovation Competition]- This is a technology innovation competition organized by the GT RNOC every semester, to foster innovation in specific areas of technology, like telecommunications and transport. </li>
</ul>

 

*[http://designcollaborative.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Design Bloc]– A classroom and prototyping space that emphasizes design thinking through design behavior. The 5 tenants that students are taught are Empathy, Rapid Iteration, Contextual Awareness, Entrepreneurial Spirit and Creative Craft.



*  [https://www.vip.gatech.edu/ <span style="font-size: 11pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Vertically Integrated Projects (VIP)]<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">- A program that engages undergraduate and graduate students in multidisciplinary project teams that are led by faculty in many areas of scholarship. Undergraduate students earn credit for their efforts, and have the opportunity to work with teams on different projects. 

[http://www.invention.gatech.edu/about/ GT 2803 - “Your Idea, Your Invention" ] - This course provides practice-based fundamentals to students interested in invention: ideas and actions that create value and lead to positive change. In this course, invention is considered in the broadest sense. Examples include not only technologies, but the U.S. Constitution, games, manifestos, economic theories, symphonies, and systems like the cloverleaf for traffic control.

[https://grandchallenges.gatech.edu/content/course-information PUBP 1142 - Teams and Collaboration] - This course works on developing the interpersonal, team, and design thinking skills necessary for making progress against wicked problems.

[https://grandchallenges.gatech.edu/content/course-information GT 1201 - Exploring Grand Challenges] - The course is comprised of a series of problems that are issued throughout the semester instead of a traditional lecture or lab.

[http://enrichment.gatech.edu/gt1000/schedule GT 1000 "Startup" and "Research Innovation"] - This class is for any freshman at GT with an interest in design thinking.

[https://2110.me.gatech.edu/ ME 2110: Creative Decisions and Design] - "This class is specifically more Mechanical Engineering majors with an interest in design thinking.

= University Technology Transfer Functions =

*The Georgia Tech Research Corporation ([https://gtrc.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">GTRC])— The contracting entity responsible for several of the university’s tech transfer and licensing processes. GTRC also aims to accelerate the formation of robust Georgia Tech spinout companies and broaden participation in entrepreneurship among faculty and students. In addition, GTRC has revised master agreement terms and developed new template agreements to meet the needs of industry sponsors as technologies progress in development.



*Georgia Tech VentureLab— The [https://venturelab.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Venture Lab]  is a one-stop-shop providing comprehensive assistance to faculty, research staff, and students who want to take their technology innovations from the laboratory to the commercial market. VentureLab specialists help these innovators “start up” by assisting in business plan development, connecting them with experienced entrepreneurs, and locating sources of early-stage financing, including seed grants from the Georgia Research Alliance. The program has fostered, on average, one new spin out each month over the last three years.

*Georgia Tech Edison Fund — The [https://innovate.gatech.edu/front-page/edison-fund-established/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Edison Fund] is a source for modest investments into early-stage technology startups that have a strong connection to Georgia Tech. This fund makes use of targeted charitable contributions from Georgia Tech alumni and friends.

*Flashpoint  — [https://www.cc.gatech.edu/flashpoint-startup-engineering <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Flashpoint] creates better startups, faster, welcoming committed founders with domain knowledge and a passion for responding to the needs of their customers. Flashpoint helps shape startups with true market + product fit, reduced risks, lower costs, and a better chance of high quality success. Flashpoint is not classified as an incubator or accelerator, but rather a rigorous management and education program that works closely with founders to create companies.

*Advanced Technology Development Center ([https://atdc.org/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">ATDC]) - ATDC is a startup incubator at Georgia Tech that helps technology entrepreneurs in Georgia launch and build successful companies. Headquartered in Atlanta's Technology Square, ATDC serves as the hub for technology entrepreneurship in Georgia. ATDC Select is a three-year incubator program for high potential technology companies.  

*Keen Foundation Partnership- Georgia Tech and [https://www.bme.gatech.edu/bme/coulter-department-receives-keen-award <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">KEEN] share the vision of revolutionizing engineering education by fostering within students an entrepreneurial mindset, creating interdependent learners who are fearless in the face of a complex problem.



= University-Industry Collaboration =

*University-Industry Demonstration Partnership ([https://uidp.org/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">UIDP])— An activity of the National Academies that works to demonstrate innovative approaches to research engagement and improve relationships with private industry for research and commercialization of inventions. Georgia Tech has been a member and active participant since the UIDP was founded in 2005. The recently published Researcher Guide, a collaborative effort of UIDP university and industry members, provides information for university and company scientists and engineers who wish to engage in sponsored or collaborative research.



*<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Office of Industry Engagement (ICAL)<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">— An organization that works in close coordination with faculty, academic units, and university offices, including the Office of Sponsored Programs, Office of Innovation Commercialization and Translational Research, Enterprise Innovation Institute (EI²), and Advanced Technology Development Center, in their partnerships with private industry to help promote industry-sponsored research and further technology commercialization. Types of agreements facilitated by ICAL include nondisclosure, industry collaboration, consortium, memorandum of understanding, center bylaws, testing, and SBIR.

 

= Regional and Local Economic Development =

An economic impact study by the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business indicates that Georgia Tech made a $3.35 billion economic impact during the fiscal year 2018, the highest of any institution in the University System of Georgia (USG). The study also found that Georgia Tech generated 27,065 full- and part-time jobs. Most of the economic impact in the study consists of initial spending by USG institutions for salaries and benefits, supplies and expenses, and other budgeted expenditures, as well as spending by students who attend the institutions.

Georgia Tech also impacts the local and regional economy in several other ways, including:

*Research partnerships with business and industry in the state of Georgia and throughout the Southeast;
*Economic development services to help make Georgia’s small and medium-sized businesses and communities more innovative and efficient;
*The more than 48,000 Georgia Tech alumni who live and work in the state;
*Research labs that produce more than 300 invention disclosures annually;
*A strong patent portfolio, ranked eighth among the top 124 universities according to the 2009 Universities Patent Scorecard;
*Spinning off an average of ten new companies a year;
*The Economic Development Authority i6 grant, which we received in 2010 to support innovation and entrepreneurship and boost the quality of high-growth startups in the region. EDA funding has helped advance economic development activities through Georgia Tech’s University Center of Excellence and also through a recent Jobs Accelerator award, where Georgia Tech partners with Gwinnett Tech to prepare students for work in health information technology; and
*EI2, which serves Georgia through a network of industry specialists located in nine regions throughout the state. These specialists provide local businesses with direct technical and engineering assistance, professional education courses, networking opportunities, and connections to Georgia Tech resources.

 

During fiscal year 2018 alone, Georgia Tech’s Enterprise Innovation Institute (EI2):

*Number of clients served by EI^2 programs: 10,752
*Number of jobs created by or saved by EI^2-assisted clients: 15,724
*GaMEP-assisted manufacturing clients created or retained 2,047 jobs
*Evaluated 235 GT faculty member research innovations
*Served 505 technology startup companies
*Assisted 96 minority entrepreneurs resulting in $93 million in new contracts, sales, and financing
*Helped Georgia Manufacturers slash operating costs by $40 million
*Helped Georgia Manufacturers increase sales by $219 million
*Served 1,440 Georgia manufacturing companies
*Helped create or save 1,910 manufacturing jobs

 

= Deep-Dive Questions =

*How can Georgia Tech’s focus be shifted to further support innovation and entrepreneurship?
*Why is it important to support innovation?
*What is the relationship between innovation, entrepreneurship and tech transfer?
*How do you envision your program in the future?
*What is your vision for each of the case study’s buckets?
*How does your institution leverage, or intend to leverage, geographic endowment?
*Are your innovation, entrepreneurship, and tech transfer programs integrated? Why?
*Are there any uniquely successful or failed programs at your school you may wish to learn from?
*What can be done to make the student and faculty mindset on campus more entrepreneurial?
*How can GT’s focus on industry be used to motivate innovation on campus?

= Conclusion =

The Georgia Institute of Technology is a top-10 public research university and an Association of American Universities (AAU) member school. Jilda Garton’s comments have been instructive in better understanding Georgia Tech’s many entrepreneurship, research, and technology transfer programs, in addition to the impact of the NACIE commitment letter in framing Georgia Tech’s strategic plans and institutional culture.

The Georgia Tech entrepreneurship ecosystem is well in its advanced stages, yet it lacks in some minor areas. When addressed, GT will truly be an entrepreneurial campus, where every student can pursue entrepreneurship without any fear, and with the full support of all around them.

The Office of Innovation and Entrepreneurship thanks Georgia Tech’s assistance with this case study and looks forward to a continued close and collaborative relationship in building America’s innovation infrastructure.
<div>
Go Jackets!

----
<div id="ftn1">
4Comments By Jilda D. Garton, Vice Provost for Research, General Manager, GTRC and GTARC
</div></div><div> 
----
<div id="edn1">
New Entrepreneurship & Innovations Programs:
</div><div id="edn2">
New Entrepreneurship & Innovations Programs:
</div><div id="edn3">
The Office of Industry Collaborations and Affiliated Licenses (ICAL):
</div><div id="edn4">
Economic Impact of University System Reaches $13.2 Billion: www.usg.edu/news/release/economic_impact_of_university_system_reaches_13.2_billion
</div><div id="edn5">
Tech's Economic Impact on Georgia:

Source: "The Innovative and Entrepreneurial University: Higher Education, Innovation & Entrepreneurship in Focus", Department of Commerce, October 2013.
</div></div>
= Related Links =

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology Georgia Institute of Technology]

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology_Student_Priorities Georgia Institute of Technology Student Priorities]

'''University Innovation Fellows''

Fall 2020:

[https://universityinnovation.org/wiki/Fellow:Tynan_Purdy Tynan Purdy]

[https://universityinnovation.org/wiki/Fellow:Yuma_Tanaka Yuma Tanaka]

[https://universityinnovation.org/wiki/Fellow:Cole_Campbell Cole Campbell]

[https://universityinnovation.org/wiki/Fellow:Madison_Lovelace Madison Lovelace]

Fall 2019:

[http://universityinnovation.org/wiki/Jeremy_Levin Jeremy Levin]

[[Cassie McIltrot|Cassie McIltrot]]

[http://universityinnovation.org/wiki/Sierra_Mulrine Sierra Mulrine]

[[Margaret Lu|Margaret Lu]]

[[Jordan Lym|Jordan Lym ]]

[http://universityinnovation.org/wiki/Hunter_schaufel Hunter Schaufel]

[[Stefanos Charalambous|Stefanos Charalambous]]

Fall 2017:

[http://universityinnovation.org/wiki/Risha_Parikh Risha Parikh]

[http://universityinnovation.org/wiki/Taft_Weber-Kilpack Taft Weber-Kilpack]

[http://universityinnovation.org/wiki/HanSung_Kim HanSung Kim]

Spring 2017:

[http://universityinnovation.org/wiki/Julie_Leonard-Duke Julie Leonard-Duke]

[[Fang Shi|Fang Shi]]

[http://universityinnovation.org/wiki/Monali_Shah Monali Shah]

[http://universityinnovation.org/wiki/Jason_Weis Jason Weis]

Spring 2016:

[http://universityinnovation.org/wiki/Thomas_W._Clifton_V Thomas Clifton]

[http://universityinnovation.org/wiki/Kshitij_Kulkarni Kshitij Kulkarni]

[http://universityinnovation.org/wiki/Arshiya_Lal Arshiya Lal]

Fall 2015:

[http://universityinnovation.org/wiki/Utkarsh_Garg Utkarsh Garg]

Spring 2014:

[http://universityinnovation.org/wiki/Alex_Flohr Alex Flohr]

[http://universityinnovation.org/wiki/Megna_Saha Megna Saha]

[http://universityinnovation.org/wiki/Rachel_Ford Rachel Ford]

[[Category:Universities]]
[[Category:Schools]]
[[Category:Georgia_Institute_of_Technology]]
{{CatTree|Georgia_Institute_of_Technology}}

School:Georgia Institute of Technology

2020-09-21T22:39:35Z

Mlovelace3: /* STUDENT ENTREPRENEURSHIP */

= Background =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">In April 2010, more than 140 leaders from higher education endorsed and submitted a letter to then-Commerce Secretary Gary Locke through his National Advisory Council on Innovation and Entrepreneurship (NACIE). These leaders, including Georgia Tech’s former president, G.P. “Bud” Peterson, committed to work more closely with industry, private foundations, investors, and local, state, and federal governments to promote innovation, entrepreneurship, and the commercialization of research results. Underlying their commitment was a willingness to employ strategies, enhance existing activities, and expand efforts in several areas, including:

*Promoting student innovation and entrepreneurship
*Encouraging faculty innovation and entrepreneurship
*Actively supporting the university technology transfer function
*Facilitating university – industry collaboration
*Engaging with regional and local economic development efforts

 <span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Department of Commerce’s Office of Innovation and Entrepreneurship (OIE) recently followed up with the signatories to better understand their efforts to embody and implement the ideas contained within the letter, as well as to improve their ability to develop policies and programs that support innovation, entrepreneurship, and the commercialization of research results. OIE is conducting phone calls with every respondent to discuss their strategies and develop a general outline of each of their initiatives.

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">For a select few institutions, including some who did not sign the NACIE letter, OIE has conducted a more thorough exploration of their strategies and initiatives. The goals of these “deep dives” are to discuss the historical and cultural context for the relevant work being done at leading institutions, highlight innovative practices, and uncover future trends. Through this exploration, OIE will be better equipped to advise on policies and develop future programs.

= Georgia Tech Campus Landscape =

The University Innovation Fellows of GT 2014 and 2015, created a campus map that guides students on the ways they can engage in innovation and entrepreneurship on campus. 

To view the complete landscape canvas for Georgia Tech's campus, and surrounding Atlanta area, please follow the link below:

GT 2014 - [https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0 https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0]

GT 2015 - [https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14 https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14]

GT 2016 - [https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp]

GT 2017 - [https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0 https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0]

GT 2017 FALL - [https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0 https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0]

GT 2019 - [https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing]

GT 2020 - [https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1 https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1]

= Overview – A Focus on Industry and Collaboration4 =

The Georgia Institute of Technology (Georgia Tech), a public research university in Atlanta, Georgia, is part of the University System of Georgia. Established in the 1880s on the heels of the Industrial Revolution, Georgia Tech’s mission has always focused on assisting industry. For example, the university’s basic and applied research efforts have been instrumental for the global aerospace industry, with Georgia Tech scientists playing key roles in the development of radar and other flight technologies. Georgia Tech focuses intently on the basic-to-applied research continuum throughout its comprehensive research programs in engineering, physical and life sciences, computing, and policy. Georgia Tech’s Strategic Vision and Plan () infuses a focus on innovation and entrepreneurism across the spectrum of basic and applied research as well as in its educational programs. Viewed in broad themes, research at Georgia Tech includes work in:

*Big Data;
*Biotechnology and Biomedicine;
*Electronics and Nanotechnology;
*Manufacturing, Trade, and Logistics;
*Materials;
*National Security;
*Paper and Science Technology;
*People and Technology;
*Public Service, Leadership, and Policy;
*Robotics;
*Sustainable Infrastructure and Energy; and
*Systems.

 Georgia Tech’s culture embodies a collaborative approach. It enlists outside partners and contributors including academic, governmental, industry, and nonprofit institutions in an effort to better understand and ensure the benefit of research to the nation. In 1937, Georgia Tech established what is now the Georgia Tech Research Corporation (GTRC), an internal outpost for engineering experimentation and entrepreneurial applications of engineering, science, and technology. Georgia Tech also operates the oldest and largest university-based business incubator in the United States, the Advanced Technology Development Center, which was established in the 1980s to provide a range of services and facilities for entrepreneurs to launch and build new companies. Recognized by Forbes in 2010, the Advanced Technology Development Center has graduated 143 new companies, which have helped create millions of dollars in revenues and which together have attracted nearly $2.5 billion in capital activity. Capital activity includes venture capital funding, other investment, and the value of mergers and acquisitions.

Georgia Tech incorporates several strategies to ensure that it continually improves and expands its services to industry. To ensure it meets its fiduciary responsibilities and maintains public trust and confidence, the university continually strives to reduce bureaucratic barriers and modify underperforming initiatives. For example, the university has launched the Georgia Tech Integrated Program for Startups, GT:IPS™, which combines a streamlined licensing program with organized support for faculty and student inventor-entrepreneurs. The program provides information and education for entrepreneurs to help them form stronger, more successful companies, and the streamlined GT:IPS license agreement helps simplify negotiations and “take the drama off the table.”

Three of Georgia Tech’s more recent initiatives to promote innovation and entrepreneurship based on broad stakeholder partnerships include Flashpoint, NSF I-Corps, and the Global Center for Medical Innovation. Flashpoint, a Georgia Tech startup accelerator program established in 2011, encourages basic and applied research and facilitates their transfer to the marketplace through entrepreneurial education and access to experienced mentors, experts, investors, and stars in an open, immersive, shared-learning workspace.

In July 2012, Georgia Tech was named as a node for the National Science Foundation’s I-Corps program. NSF Director Subra Suresh describes I-Corps as a program to “leverage productive public-private partnerships and extend the impact of fundamental research discoveries.” He noted that it has “inspired the research and business communities to collaborate in new ways.” Georgia Tech is serving as a teaching site for the hands-on I-Corps curriculum.

Finally, the Global Center for Medical Innovation, which opened in 2012 with support from the Economic Development Authority’s i6 Program, will bring together core members of the medical device community — including universities, research centers, clinicians, established device and drug companies, investors, and early-stage companies — with the goal of accelerating the commercialization of innovative medical technology.

The NACIE commitment letter was broadly disseminated to Georgia Tech faculty and administrators and elicited general consensus prior to President Peterson’s endorsement. University stakeholders who were invited to review and comment on the letter were found to be already committed to its expressed ideas and goals. The letter’s real impact was to add “force” and “intentionality” to Georgia Tech’s innovation, entrepreneurship, and tech transfer strategic vision by providing a time scale for faculty and administration efforts, documenting their commitment, and holding them accountable.

Innovation and entrepreneurism are hallmarks of educational programs as well as research and technology transfer. Problem-based learning gives students an opportunity to develop ideas and technologies within their disciplines, and increasingly, activities such as the General Electric Smart Grid Challenge () provide a venue for companies to explore disruptive concepts through student engagement.

Over the past few years, Georgia Tech's entrepreneurial ecosystem has been growing rapidly, with both, faculty led and student led initiatives. There are startup clubs, startup discussions and even new funds through Georgia Tech that foster student innovation and encourage students to develop their idea/innovations into marketable products.

Below is an enumeration of several Georgia Tech programs and initiatives that support the five buckets in the NACIE sponsored university commitment letter.

= STUDENT ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Students at Georgia Tech are an active part of research and discovery. In fact, over 70 percent of invention disclosures name one or more students among the inventors. As part of a broader effort to foster innovation and entrepreneurship within its student community, Georgia Tech has several initiatives, including:

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://inventionstudio.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Invention Studio]— student-run design-build-play space open to all Georgia Tech students. It is staffed by University Lab Instructors, student volunteers who are on hand to train new students on machines and help with invention prototypes.The space provides resources for designing, prototyping, and sharing ideas through workshops, vendor networks, experienced guidance, and access to cutting edge machines.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>[https://industry.gatech.edu/researcher-toolkit/launching-startup <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Integrated Program for Startups, GT:IPS]— An initiative that supports faculty and student inventor-entrepreneurs through two components: GT:IPS Facilitation, a graduated program of support, information, and education for new company founders; and GT:IPS License, which offers the same terms to all Georgia Tech startups in the same field and provides them with transparency into Georgia Tech Research Corporation’s (GTRC) licensing processes.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://inventureprize.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">InVenture™ Prize]—An annual competition that inspires undergraduate teams to create inventions that will be judged by experts for more than $30,000 in cash prizes from Georgia Tech and sponsoring corporations. First and second place winners receive patent filings funded by GTRC, and in March 2011, a “People’s Choice” award was sponsored by NCR Corporation.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/tiger/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">TI:GER<span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">]— An award-winning program and partnership between Georgia Tech and Emory University School of Law that brings together PhD, MBA, and law students to experience the challenges of commercializing innovative technologies. Now approaching its 10th anniversary in 2012, TI:GER is expanding to global entrepreneurship and has become an established part of the entrepreneurial education of graduate students on both campuses.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://innovation.cae.gatech.edu/businessplan <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Business Plan Competitions]— An annual competition, held by the Scheller College of Business and the Institute for Leadership and Entrepreneurship to foster entrepreneurship among Georgia Tech students and recent alumni is just an example among many of Business Plan Competitions available at Georgia Tech. Since its inception, more than 650 participants have received approximately $570,000 in cash and services, and each year several teams launch companies to take their product concepts to market. To date, eight winning teams have been accepted into Georgia Tech’s Advanced Technology Development Center. </li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/i2s/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Ideas to SERVE (I2S)]— An annual competition of ideas where creativity, imagination, and the use of technology are applied innovatively to solve community and social issues and sustain the environment. Started as a specialty track of the Business Plan Competition in 2009, I2S has quickly grown into a separate event, contributing to Georgia Tech’s portfolio of programs that foster entrepreneurship. I2S is open to Georgia Tech students and recent alumni.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Summer, Create-X]— A GT program founded in the summer of 2015 that offers student teams $20,000 and mentorship over the summer to pursue their startup with a full time commitment. It is part of Create-X, a Georgia Tech initiative to instill entrepreneurial confidence in students and empower them to launch real startups. The broader goal of this initiative is to provide the knowledge, skills, abilities, and experiences that will give Georgia Tech graduates the confidence to create their own future and confidently pursue entrepreneurial opportunities.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.startup.exchange/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Exchange]— This is a student run organization that meets weekly, and organizes huddles and meetups with other student entrepreneurs, students looking to be entrepreneurs and successful entrepreneurs from the Atlanta area.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/idea-prototype <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Idea to Prototype]- This is a GT run program that offers course credit, research grants and faculty mentorship to student teams that want to pursue their idea and turn it into an actual product, over a period of 1-2 semesters.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/gsvc/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Global Social Venture Competition]- This is a global competition for student entrepreneurs in the social sector. Georgia Tech is the East Coast hub of the GSVC, with Berkeley in the West Coast.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.cic.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Convergence Innovation Competition]- This is a technology innovation competition organized by the GT RNOC every semester, to foster innovation in specific areas of technology, like telecommunications and transport. </li>
</ul>

 

*[http://designcollaborative.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Design Bloc]– A classroom and prototyping space that emphasizes design thinking through design behavior. The 5 tenants that students are taught are Empathy, Rapid Iteration, Contextual Awareness, Entrepreneurial Spirit and Creative Craft.



*  [https://www.vip.gatech.edu/ <span style="font-size: 11pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Vertically Integrated Projects (VIP)]<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">- A program that engages undergraduate and graduate students in multidisciplinary project teams that are led by faculty in many areas of scholarship. Undergraduate students earn credit for their efforts, and have the opportunity to work with teams on different projects. 

= FACULTY ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech has several awards and programs to incentivize faculty to mentor graduate students, or themselves, to pursue innovative research and entrepreneurial ideas. These include:
<ul style="margin-top:0;margin-bottom:0;">
<li>Bio-impact Commercialization Team (BCT)— An initiative focusing on research in biomedicine whereby faculty members and the venture capital community work closely with experts in the biomedical device space to facilitate translational research and commercialization. The Wallace H. Coulter Foundation will fund the BCT’s translational research and development projects.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>I Corps - The [https://innovate.gatech.edu/programs-old/innovation-corps-icorps/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Innovation Corps (I-Corps)] teaches National Science Foundation (NSF) grantees to identify valuable product opportunities that can emerge from academic research and offers entrepreneurship training to student participants. I-Corps is a public-private partnership that prepares students to extend your focus beyond the laboratory by broadening the impact of select, NSF-funded basic-research projects.  The primary goal of I-Corps is to foster entrepreneurship that will lead to the commercialization of technology that has been supported by NSF-funded research.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Humanitarian Design and Engineering Studio- [https://design.gatech.edu/news/georgia-techs-new-humanitarian-design-studio-tackles-water-energy-public-health <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Rehabilitation Engineering and Applied Research (REAR) Lab] undertakes applied research and device development targeting the increased health and function of persons with disabilities. Specific areas of interest include: wheeled mobility and seating, pressure ulcer prevention and treatment; design of diagnostic tissue interrogation devices; design of assistive technology.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Enterprise Innovation Institute - [https://innovate.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Enterprise Innovation Institute] is Georgia Tech’s chief business outreach and economic development organization. The core mission is to help business, industry, entrepreneurs, and economic developers across Georgia grow and remain competitive.</li>
</ul>



= University Technology Transfer Functions =

*The Georgia Tech Research Corporation ([https://gtrc.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">GTRC])— The contracting entity responsible for several of the university’s tech transfer and licensing processes. GTRC also aims to accelerate the formation of robust Georgia Tech spinout companies and broaden participation in entrepreneurship among faculty and students. In addition, GTRC has revised master agreement terms and developed new template agreements to meet the needs of industry sponsors as technologies progress in development.



*Georgia Tech VentureLab— The [https://venturelab.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Venture Lab]  is a one-stop-shop providing comprehensive assistance to faculty, research staff, and students who want to take their technology innovations from the laboratory to the commercial market. VentureLab specialists help these innovators “start up” by assisting in business plan development, connecting them with experienced entrepreneurs, and locating sources of early-stage financing, including seed grants from the Georgia Research Alliance. The program has fostered, on average, one new spin out each month over the last three years.

*Georgia Tech Edison Fund — The [https://innovate.gatech.edu/front-page/edison-fund-established/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Edison Fund] is a source for modest investments into early-stage technology startups that have a strong connection to Georgia Tech. This fund makes use of targeted charitable contributions from Georgia Tech alumni and friends.

*Flashpoint  — [https://www.cc.gatech.edu/flashpoint-startup-engineering <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Flashpoint] creates better startups, faster, welcoming committed founders with domain knowledge and a passion for responding to the needs of their customers. Flashpoint helps shape startups with true market + product fit, reduced risks, lower costs, and a better chance of high quality success. Flashpoint is not classified as an incubator or accelerator, but rather a rigorous management and education program that works closely with founders to create companies.

*Advanced Technology Development Center ([https://atdc.org/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">ATDC]) - ATDC is a startup incubator at Georgia Tech that helps technology entrepreneurs in Georgia launch and build successful companies. Headquartered in Atlanta's Technology Square, ATDC serves as the hub for technology entrepreneurship in Georgia. ATDC Select is a three-year incubator program for high potential technology companies.  

*Keen Foundation Partnership- Georgia Tech and [https://www.bme.gatech.edu/bme/coulter-department-receives-keen-award <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">KEEN] share the vision of revolutionizing engineering education by fostering within students an entrepreneurial mindset, creating interdependent learners who are fearless in the face of a complex problem.



= University-Industry Collaboration =

*University-Industry Demonstration Partnership ([https://uidp.org/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">UIDP])— An activity of the National Academies that works to demonstrate innovative approaches to research engagement and improve relationships with private industry for research and commercialization of inventions. Georgia Tech has been a member and active participant since the UIDP was founded in 2005. The recently published Researcher Guide, a collaborative effort of UIDP university and industry members, provides information for university and company scientists and engineers who wish to engage in sponsored or collaborative research.



*<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Office of Industry Engagement (ICAL)<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">— An organization that works in close coordination with faculty, academic units, and university offices, including the Office of Sponsored Programs, Office of Innovation Commercialization and Translational Research, Enterprise Innovation Institute (EI²), and Advanced Technology Development Center, in their partnerships with private industry to help promote industry-sponsored research and further technology commercialization. Types of agreements facilitated by ICAL include nondisclosure, industry collaboration, consortium, memorandum of understanding, center bylaws, testing, and SBIR.

 

= Regional and Local Economic Development =

An economic impact study by the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business indicates that Georgia Tech made a $3.35 billion economic impact during the fiscal year 2018, the highest of any institution in the University System of Georgia (USG). The study also found that Georgia Tech generated 27,065 full- and part-time jobs. Most of the economic impact in the study consists of initial spending by USG institutions for salaries and benefits, supplies and expenses, and other budgeted expenditures, as well as spending by students who attend the institutions.

Georgia Tech also impacts the local and regional economy in several other ways, including:

*Research partnerships with business and industry in the state of Georgia and throughout the Southeast;
*Economic development services to help make Georgia’s small and medium-sized businesses and communities more innovative and efficient;
*The more than 48,000 Georgia Tech alumni who live and work in the state;
*Research labs that produce more than 300 invention disclosures annually;
*A strong patent portfolio, ranked eighth among the top 124 universities according to the 2009 Universities Patent Scorecard;
*Spinning off an average of ten new companies a year;
*The Economic Development Authority i6 grant, which we received in 2010 to support innovation and entrepreneurship and boost the quality of high-growth startups in the region. EDA funding has helped advance economic development activities through Georgia Tech’s University Center of Excellence and also through a recent Jobs Accelerator award, where Georgia Tech partners with Gwinnett Tech to prepare students for work in health information technology; and
*EI2, which serves Georgia through a network of industry specialists located in nine regions throughout the state. These specialists provide local businesses with direct technical and engineering assistance, professional education courses, networking opportunities, and connections to Georgia Tech resources.

 

During fiscal year 2018 alone, Georgia Tech’s Enterprise Innovation Institute (EI2):

*Number of clients served by EI^2 programs: 10,752
*Number of jobs created by or saved by EI^2-assisted clients: 15,724
*GaMEP-assisted manufacturing clients created or retained 2,047 jobs
*Evaluated 235 GT faculty member research innovations
*Served 505 technology startup companies
*Assisted 96 minority entrepreneurs resulting in $93 million in new contracts, sales, and financing
*Helped Georgia Manufacturers slash operating costs by $40 million
*Helped Georgia Manufacturers increase sales by $219 million
*Served 1,440 Georgia manufacturing companies
*Helped create or save 1,910 manufacturing jobs

 

= Deep-Dive Questions =

*How can Georgia Tech’s focus be shifted to further support innovation and entrepreneurship?
*Why is it important to support innovation?
*What is the relationship between innovation, entrepreneurship and tech transfer?
*How do you envision your program in the future?
*What is your vision for each of the case study’s buckets?
*How does your institution leverage, or intend to leverage, geographic endowment?
*Are your innovation, entrepreneurship, and tech transfer programs integrated? Why?
*Are there any uniquely successful or failed programs at your school you may wish to learn from?
*What can be done to make the student and faculty mindset on campus more entrepreneurial?
*How can GT’s focus on industry be used to motivate innovation on campus?

= Conclusion =

The Georgia Institute of Technology is a top-10 public research university and an Association of American Universities (AAU) member school. Jilda Garton’s comments have been instructive in better understanding Georgia Tech’s many entrepreneurship, research, and technology transfer programs, in addition to the impact of the NACIE commitment letter in framing Georgia Tech’s strategic plans and institutional culture.

The Georgia Tech entrepreneurship ecosystem is well in its advanced stages, yet it lacks in some minor areas. When addressed, GT will truly be an entrepreneurial campus, where every student can pursue entrepreneurship without any fear, and with the full support of all around them.

The Office of Innovation and Entrepreneurship thanks Georgia Tech’s assistance with this case study and looks forward to a continued close and collaborative relationship in building America’s innovation infrastructure.
<div>
Go Jackets!

----
<div id="ftn1">
4Comments By Jilda D. Garton, Vice Provost for Research, General Manager, GTRC and GTARC
</div></div><div> 
----
<div id="edn1">
New Entrepreneurship & Innovations Programs:
</div><div id="edn2">
New Entrepreneurship & Innovations Programs:
</div><div id="edn3">
The Office of Industry Collaborations and Affiliated Licenses (ICAL):
</div><div id="edn4">
Economic Impact of University System Reaches $13.2 Billion: www.usg.edu/news/release/economic_impact_of_university_system_reaches_13.2_billion
</div><div id="edn5">
Tech's Economic Impact on Georgia:

Source: "The Innovative and Entrepreneurial University: Higher Education, Innovation & Entrepreneurship in Focus", Department of Commerce, October 2013.
</div></div>
= Related Links =

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology Georgia Institute of Technology]

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology_Student_Priorities Georgia Institute of Technology Student Priorities]

'''University Innovation Fellows''

Fall 2020:

[https://universityinnovation.org/wiki/Fellow:Tynan_Purdy Tynan Purdy]

[https://universityinnovation.org/wiki/Fellow:Yuma_Tanaka Yuma Tanaka]

[https://universityinnovation.org/wiki/Fellow:Cole_Campbell Cole Campbell]

[https://universityinnovation.org/wiki/Fellow:Madison_Lovelace Madison Lovelace]

Fall 2019:

[http://universityinnovation.org/wiki/Jeremy_Levin Jeremy Levin]

[[Cassie McIltrot|Cassie McIltrot]]

[http://universityinnovation.org/wiki/Sierra_Mulrine Sierra Mulrine]

[[Margaret Lu|Margaret Lu]]

[[Jordan Lym|Jordan Lym ]]

[http://universityinnovation.org/wiki/Hunter_schaufel Hunter Schaufel]

[[Stefanos Charalambous|Stefanos Charalambous]]

Fall 2017:

[http://universityinnovation.org/wiki/Risha_Parikh Risha Parikh]

[http://universityinnovation.org/wiki/Taft_Weber-Kilpack Taft Weber-Kilpack]

[http://universityinnovation.org/wiki/HanSung_Kim HanSung Kim]

Spring 2017:

[http://universityinnovation.org/wiki/Julie_Leonard-Duke Julie Leonard-Duke]

[[Fang Shi|Fang Shi]]

[http://universityinnovation.org/wiki/Monali_Shah Monali Shah]

[http://universityinnovation.org/wiki/Jason_Weis Jason Weis]

Spring 2016:

[http://universityinnovation.org/wiki/Thomas_W._Clifton_V Thomas Clifton]

[http://universityinnovation.org/wiki/Kshitij_Kulkarni Kshitij Kulkarni]

[http://universityinnovation.org/wiki/Arshiya_Lal Arshiya Lal]

Fall 2015:

[http://universityinnovation.org/wiki/Utkarsh_Garg Utkarsh Garg]

Spring 2014:

[http://universityinnovation.org/wiki/Alex_Flohr Alex Flohr]

[http://universityinnovation.org/wiki/Megna_Saha Megna Saha]

[http://universityinnovation.org/wiki/Rachel_Ford Rachel Ford]

[[Category:Universities]]
[[Category:Schools]]
[[Category:Georgia_Institute_of_Technology]]
{{CatTree|Georgia_Institute_of_Technology}}

School:Georgia Institute of Technology

2020-09-21T22:38:42Z

Mlovelace3: /* ENTREPRENEURSHIP AND INNOVATION CLASSES */

= Background =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">In April 2010, more than 140 leaders from higher education endorsed and submitted a letter to then-Commerce Secretary Gary Locke through his National Advisory Council on Innovation and Entrepreneurship (NACIE). These leaders, including Georgia Tech’s former president, G.P. “Bud” Peterson, committed to work more closely with industry, private foundations, investors, and local, state, and federal governments to promote innovation, entrepreneurship, and the commercialization of research results. Underlying their commitment was a willingness to employ strategies, enhance existing activities, and expand efforts in several areas, including:

*Promoting student innovation and entrepreneurship
*Encouraging faculty innovation and entrepreneurship
*Actively supporting the university technology transfer function
*Facilitating university – industry collaboration
*Engaging with regional and local economic development efforts

 <span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Department of Commerce’s Office of Innovation and Entrepreneurship (OIE) recently followed up with the signatories to better understand their efforts to embody and implement the ideas contained within the letter, as well as to improve their ability to develop policies and programs that support innovation, entrepreneurship, and the commercialization of research results. OIE is conducting phone calls with every respondent to discuss their strategies and develop a general outline of each of their initiatives.

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">For a select few institutions, including some who did not sign the NACIE letter, OIE has conducted a more thorough exploration of their strategies and initiatives. The goals of these “deep dives” are to discuss the historical and cultural context for the relevant work being done at leading institutions, highlight innovative practices, and uncover future trends. Through this exploration, OIE will be better equipped to advise on policies and develop future programs.

= Georgia Tech Campus Landscape =

The University Innovation Fellows of GT 2014 and 2015, created a campus map that guides students on the ways they can engage in innovation and entrepreneurship on campus. 

To view the complete landscape canvas for Georgia Tech's campus, and surrounding Atlanta area, please follow the link below:

GT 2014 - [https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0 https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0]

GT 2015 - [https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14 https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14]

GT 2016 - [https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp]

GT 2017 - [https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0 https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0]

GT 2017 FALL - [https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0 https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0]

GT 2019 - [https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing]

GT 2020 - [https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1 https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1]

= Overview – A Focus on Industry and Collaboration4 =

The Georgia Institute of Technology (Georgia Tech), a public research university in Atlanta, Georgia, is part of the University System of Georgia. Established in the 1880s on the heels of the Industrial Revolution, Georgia Tech’s mission has always focused on assisting industry. For example, the university’s basic and applied research efforts have been instrumental for the global aerospace industry, with Georgia Tech scientists playing key roles in the development of radar and other flight technologies. Georgia Tech focuses intently on the basic-to-applied research continuum throughout its comprehensive research programs in engineering, physical and life sciences, computing, and policy. Georgia Tech’s Strategic Vision and Plan () infuses a focus on innovation and entrepreneurism across the spectrum of basic and applied research as well as in its educational programs. Viewed in broad themes, research at Georgia Tech includes work in:

*Big Data;
*Biotechnology and Biomedicine;
*Electronics and Nanotechnology;
*Manufacturing, Trade, and Logistics;
*Materials;
*National Security;
*Paper and Science Technology;
*People and Technology;
*Public Service, Leadership, and Policy;
*Robotics;
*Sustainable Infrastructure and Energy; and
*Systems.

 Georgia Tech’s culture embodies a collaborative approach. It enlists outside partners and contributors including academic, governmental, industry, and nonprofit institutions in an effort to better understand and ensure the benefit of research to the nation. In 1937, Georgia Tech established what is now the Georgia Tech Research Corporation (GTRC), an internal outpost for engineering experimentation and entrepreneurial applications of engineering, science, and technology. Georgia Tech also operates the oldest and largest university-based business incubator in the United States, the Advanced Technology Development Center, which was established in the 1980s to provide a range of services and facilities for entrepreneurs to launch and build new companies. Recognized by Forbes in 2010, the Advanced Technology Development Center has graduated 143 new companies, which have helped create millions of dollars in revenues and which together have attracted nearly $2.5 billion in capital activity. Capital activity includes venture capital funding, other investment, and the value of mergers and acquisitions.

Georgia Tech incorporates several strategies to ensure that it continually improves and expands its services to industry. To ensure it meets its fiduciary responsibilities and maintains public trust and confidence, the university continually strives to reduce bureaucratic barriers and modify underperforming initiatives. For example, the university has launched the Georgia Tech Integrated Program for Startups, GT:IPS™, which combines a streamlined licensing program with organized support for faculty and student inventor-entrepreneurs. The program provides information and education for entrepreneurs to help them form stronger, more successful companies, and the streamlined GT:IPS license agreement helps simplify negotiations and “take the drama off the table.”

Three of Georgia Tech’s more recent initiatives to promote innovation and entrepreneurship based on broad stakeholder partnerships include Flashpoint, NSF I-Corps, and the Global Center for Medical Innovation. Flashpoint, a Georgia Tech startup accelerator program established in 2011, encourages basic and applied research and facilitates their transfer to the marketplace through entrepreneurial education and access to experienced mentors, experts, investors, and stars in an open, immersive, shared-learning workspace.

In July 2012, Georgia Tech was named as a node for the National Science Foundation’s I-Corps program. NSF Director Subra Suresh describes I-Corps as a program to “leverage productive public-private partnerships and extend the impact of fundamental research discoveries.” He noted that it has “inspired the research and business communities to collaborate in new ways.” Georgia Tech is serving as a teaching site for the hands-on I-Corps curriculum.

Finally, the Global Center for Medical Innovation, which opened in 2012 with support from the Economic Development Authority’s i6 Program, will bring together core members of the medical device community — including universities, research centers, clinicians, established device and drug companies, investors, and early-stage companies — with the goal of accelerating the commercialization of innovative medical technology.

The NACIE commitment letter was broadly disseminated to Georgia Tech faculty and administrators and elicited general consensus prior to President Peterson’s endorsement. University stakeholders who were invited to review and comment on the letter were found to be already committed to its expressed ideas and goals. The letter’s real impact was to add “force” and “intentionality” to Georgia Tech’s innovation, entrepreneurship, and tech transfer strategic vision by providing a time scale for faculty and administration efforts, documenting their commitment, and holding them accountable.

Innovation and entrepreneurism are hallmarks of educational programs as well as research and technology transfer. Problem-based learning gives students an opportunity to develop ideas and technologies within their disciplines, and increasingly, activities such as the General Electric Smart Grid Challenge () provide a venue for companies to explore disruptive concepts through student engagement.

Over the past few years, Georgia Tech's entrepreneurial ecosystem has been growing rapidly, with both, faculty led and student led initiatives. There are startup clubs, startup discussions and even new funds through Georgia Tech that foster student innovation and encourage students to develop their idea/innovations into marketable products.

Below is an enumeration of several Georgia Tech programs and initiatives that support the five buckets in the NACIE sponsored university commitment letter.

= STUDENT ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Students at Georgia Tech are an active part of research and discovery. In fact, over 70 percent of invention disclosures name one or more students among the inventors. As part of a broader effort to foster innovation and entrepreneurship within its student community, Georgia Tech has several initiatives, including:

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://inventionstudio.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Invention Studio]— student-run design-build-play space open to all Georgia Tech students. It is staffed by University Lab Instructors, student volunteers who are on hand to train new students on machines and help with invention prototypes.The space provides resources for designing, prototyping, and sharing ideas through workshops, vendor networks, experienced guidance, and access to cutting edge machines.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>[https://industry.gatech.edu/researcher-toolkit/launching-startup <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Integrated Program for Startups, GT:IPS]— An initiative that supports faculty and student inventor-entrepreneurs through two components: GT:IPS Facilitation, a graduated program of support, information, and education for new company founders; and GT:IPS License, which offers the same terms to all Georgia Tech startups in the same field and provides them with transparency into Georgia Tech Research Corporation’s (GTRC) licensing processes.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://inventureprize.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">InVenture™ Prize]—An annual competition that inspires undergraduate teams to create inventions that will be judged by experts for more than $30,000 in cash prizes from Georgia Tech and sponsoring corporations. First and second place winners receive patent filings funded by GTRC, and in March 2011, a “People’s Choice” award was sponsored by NCR Corporation.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/tiger/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">TI:GER<span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">]— An award-winning program and partnership between Georgia Tech and Emory University School of Law that brings together PhD, MBA, and law students to experience the challenges of commercializing innovative technologies. Now approaching its 10th anniversary in 2012, TI:GER is expanding to global entrepreneurship and has become an established part of the entrepreneurial education of graduate students on both campuses.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://innovation.cae.gatech.edu/businessplan <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Business Plan Competitions]— An annual competition, held by the Scheller College of Business and the Institute for Leadership and Entrepreneurship to foster entrepreneurship among Georgia Tech students and recent alumni is just an example among many of Business Plan Competitions available at Georgia Tech. Since its inception, more than 650 participants have received approximately $570,000 in cash and services, and each year several teams launch companies to take their product concepts to market. To date, eight winning teams have been accepted into Georgia Tech’s Advanced Technology Development Center. </li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/i2s/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Ideas to SERVE (I2S)]— An annual competition of ideas where creativity, imagination, and the use of technology are applied innovatively to solve community and social issues and sustain the environment. Started as a specialty track of the Business Plan Competition in 2009, I2S has quickly grown into a separate event, contributing to Georgia Tech’s portfolio of programs that foster entrepreneurship. I2S is open to Georgia Tech students and recent alumni.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Summer, Create-X]— A GT program founded in the summer of 2015 that offers student teams $20,000 and mentorship over the summer to pursue their startup with a full time commitment. It is part of Create-X, a Georgia Tech initiative to instill entrepreneurial confidence in students and empower them to launch real startups. The broader goal of this initiative is to provide the knowledge, skills, abilities, and experiences that will give Georgia Tech graduates the confidence to create their own future and confidently pursue entrepreneurial opportunities.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.startup.exchange/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Exchange]— This is a student run organization that meets weekly, and organizes huddles and meetups with other student entrepreneurs, students looking to be entrepreneurs and successful entrepreneurs from the Atlanta area.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/idea-prototype <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Idea to Prototype]- This is a GT run program that offers course credit, research grants and faculty mentorship to student teams that want to pursue their idea and turn it into an actual product, over a period of 1-2 semesters.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/gsvc/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Global Social Venture Competition]- This is a global competition for student entrepreneurs in the social sector. Georgia Tech is the East Coast hub of the GSVC, with Berkeley in the West Coast.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.cic.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Convergence Innovation Competition]- This is a technology innovation competition organized by the GT RNOC every semester, to foster innovation in specific areas of technology, like telecommunications and transport. </li>
</ul>

 

*[http://designcollaborative.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Design Bloc]– A classroom and prototyping space that emphasizes design thinking through design behavior. The 5 tenants that students are taught are Empathy, Rapid Iteration, Contextual Awareness, Entrepreneurial Spirit and Creative Craft.



*  [https://www.vip.gatech.edu/ <span style="font-size: 11pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Vertically Integrated Projects (VIP)]<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">- A program that engages undergraduate and graduate students in multidisciplinary project teams that are led by faculty in many areas of scholarship. Undergraduate students earn credit for their efforts, and have the opportunity to work with teams on different projects. 

[http://www.invention.gatech.edu/about/ GT 2803 - “Your Idea, Your Invention" ] - This course provides practice-based fundamentals to students interested in invention: ideas and actions that create value and lead to positive change. In this course, invention is considered in the broadest sense. Examples include not only technologies, but the U.S. Constitution, games, manifestos, economic theories, symphonies, and systems like the cloverleaf for traffic control.

[https://grandchallenges.gatech.edu/content/course-information PUBP 1142 - Teams and Collaboration] - This course works on developing the interpersonal, team, and design thinking skills necessary for making progress against wicked problems.

[https://grandchallenges.gatech.edu/content/course-information GT 1201 - Exploring Grand Challenges] - The course is comprised of a series of problems that are issued throughout the semester instead of a traditional lecture or lab.

[http://enrichment.gatech.edu/gt1000/schedule GT 1000 "Startup" and "Research Innovation"] - This class is for any freshman at GT with an interest in design thinking.

[https://2110.me.gatech.edu/ ME 2110: Creative Decisions and Design] - "This class is specifically more Mechanical Engineering majors with an interest in design thinking.

= FACULTY ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech has several awards and programs to incentivize faculty to mentor graduate students, or themselves, to pursue innovative research and entrepreneurial ideas. These include:
<ul style="margin-top:0;margin-bottom:0;">
<li>Bio-impact Commercialization Team (BCT)— An initiative focusing on research in biomedicine whereby faculty members and the venture capital community work closely with experts in the biomedical device space to facilitate translational research and commercialization. The Wallace H. Coulter Foundation will fund the BCT’s translational research and development projects.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>I Corps - The [https://innovate.gatech.edu/programs-old/innovation-corps-icorps/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Innovation Corps (I-Corps)] teaches National Science Foundation (NSF) grantees to identify valuable product opportunities that can emerge from academic research and offers entrepreneurship training to student participants. I-Corps is a public-private partnership that prepares students to extend your focus beyond the laboratory by broadening the impact of select, NSF-funded basic-research projects.  The primary goal of I-Corps is to foster entrepreneurship that will lead to the commercialization of technology that has been supported by NSF-funded research.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Humanitarian Design and Engineering Studio- [https://design.gatech.edu/news/georgia-techs-new-humanitarian-design-studio-tackles-water-energy-public-health <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Rehabilitation Engineering and Applied Research (REAR) Lab] undertakes applied research and device development targeting the increased health and function of persons with disabilities. Specific areas of interest include: wheeled mobility and seating, pressure ulcer prevention and treatment; design of diagnostic tissue interrogation devices; design of assistive technology.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Enterprise Innovation Institute - [https://innovate.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Enterprise Innovation Institute] is Georgia Tech’s chief business outreach and economic development organization. The core mission is to help business, industry, entrepreneurs, and economic developers across Georgia grow and remain competitive.</li>
</ul>



= University Technology Transfer Functions =

*The Georgia Tech Research Corporation ([https://gtrc.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">GTRC])— The contracting entity responsible for several of the university’s tech transfer and licensing processes. GTRC also aims to accelerate the formation of robust Georgia Tech spinout companies and broaden participation in entrepreneurship among faculty and students. In addition, GTRC has revised master agreement terms and developed new template agreements to meet the needs of industry sponsors as technologies progress in development.



*Georgia Tech VentureLab— The [https://venturelab.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Venture Lab]  is a one-stop-shop providing comprehensive assistance to faculty, research staff, and students who want to take their technology innovations from the laboratory to the commercial market. VentureLab specialists help these innovators “start up” by assisting in business plan development, connecting them with experienced entrepreneurs, and locating sources of early-stage financing, including seed grants from the Georgia Research Alliance. The program has fostered, on average, one new spin out each month over the last three years.

*Georgia Tech Edison Fund — The [https://innovate.gatech.edu/front-page/edison-fund-established/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Edison Fund] is a source for modest investments into early-stage technology startups that have a strong connection to Georgia Tech. This fund makes use of targeted charitable contributions from Georgia Tech alumni and friends.

*Flashpoint  — [https://www.cc.gatech.edu/flashpoint-startup-engineering <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Flashpoint] creates better startups, faster, welcoming committed founders with domain knowledge and a passion for responding to the needs of their customers. Flashpoint helps shape startups with true market + product fit, reduced risks, lower costs, and a better chance of high quality success. Flashpoint is not classified as an incubator or accelerator, but rather a rigorous management and education program that works closely with founders to create companies.

*Advanced Technology Development Center ([https://atdc.org/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">ATDC]) - ATDC is a startup incubator at Georgia Tech that helps technology entrepreneurs in Georgia launch and build successful companies. Headquartered in Atlanta's Technology Square, ATDC serves as the hub for technology entrepreneurship in Georgia. ATDC Select is a three-year incubator program for high potential technology companies.  

*Keen Foundation Partnership- Georgia Tech and [https://www.bme.gatech.edu/bme/coulter-department-receives-keen-award <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">KEEN] share the vision of revolutionizing engineering education by fostering within students an entrepreneurial mindset, creating interdependent learners who are fearless in the face of a complex problem.



= University-Industry Collaboration =

*University-Industry Demonstration Partnership ([https://uidp.org/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">UIDP])— An activity of the National Academies that works to demonstrate innovative approaches to research engagement and improve relationships with private industry for research and commercialization of inventions. Georgia Tech has been a member and active participant since the UIDP was founded in 2005. The recently published Researcher Guide, a collaborative effort of UIDP university and industry members, provides information for university and company scientists and engineers who wish to engage in sponsored or collaborative research.



*<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Office of Industry Engagement (ICAL)<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">— An organization that works in close coordination with faculty, academic units, and university offices, including the Office of Sponsored Programs, Office of Innovation Commercialization and Translational Research, Enterprise Innovation Institute (EI²), and Advanced Technology Development Center, in their partnerships with private industry to help promote industry-sponsored research and further technology commercialization. Types of agreements facilitated by ICAL include nondisclosure, industry collaboration, consortium, memorandum of understanding, center bylaws, testing, and SBIR.

 

= Regional and Local Economic Development =

An economic impact study by the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business indicates that Georgia Tech made a $3.35 billion economic impact during the fiscal year 2018, the highest of any institution in the University System of Georgia (USG). The study also found that Georgia Tech generated 27,065 full- and part-time jobs. Most of the economic impact in the study consists of initial spending by USG institutions for salaries and benefits, supplies and expenses, and other budgeted expenditures, as well as spending by students who attend the institutions.

Georgia Tech also impacts the local and regional economy in several other ways, including:

*Research partnerships with business and industry in the state of Georgia and throughout the Southeast;
*Economic development services to help make Georgia’s small and medium-sized businesses and communities more innovative and efficient;
*The more than 48,000 Georgia Tech alumni who live and work in the state;
*Research labs that produce more than 300 invention disclosures annually;
*A strong patent portfolio, ranked eighth among the top 124 universities according to the 2009 Universities Patent Scorecard;
*Spinning off an average of ten new companies a year;
*The Economic Development Authority i6 grant, which we received in 2010 to support innovation and entrepreneurship and boost the quality of high-growth startups in the region. EDA funding has helped advance economic development activities through Georgia Tech’s University Center of Excellence and also through a recent Jobs Accelerator award, where Georgia Tech partners with Gwinnett Tech to prepare students for work in health information technology; and
*EI2, which serves Georgia through a network of industry specialists located in nine regions throughout the state. These specialists provide local businesses with direct technical and engineering assistance, professional education courses, networking opportunities, and connections to Georgia Tech resources.

 

During fiscal year 2018 alone, Georgia Tech’s Enterprise Innovation Institute (EI2):

*Number of clients served by EI^2 programs: 10,752
*Number of jobs created by or saved by EI^2-assisted clients: 15,724
*GaMEP-assisted manufacturing clients created or retained 2,047 jobs
*Evaluated 235 GT faculty member research innovations
*Served 505 technology startup companies
*Assisted 96 minority entrepreneurs resulting in $93 million in new contracts, sales, and financing
*Helped Georgia Manufacturers slash operating costs by $40 million
*Helped Georgia Manufacturers increase sales by $219 million
*Served 1,440 Georgia manufacturing companies
*Helped create or save 1,910 manufacturing jobs

 

= Deep-Dive Questions =

*How can Georgia Tech’s focus be shifted to further support innovation and entrepreneurship?
*Why is it important to support innovation?
*What is the relationship between innovation, entrepreneurship and tech transfer?
*How do you envision your program in the future?
*What is your vision for each of the case study’s buckets?
*How does your institution leverage, or intend to leverage, geographic endowment?
*Are your innovation, entrepreneurship, and tech transfer programs integrated? Why?
*Are there any uniquely successful or failed programs at your school you may wish to learn from?
*What can be done to make the student and faculty mindset on campus more entrepreneurial?
*How can GT’s focus on industry be used to motivate innovation on campus?

= Conclusion =

The Georgia Institute of Technology is a top-10 public research university and an Association of American Universities (AAU) member school. Jilda Garton’s comments have been instructive in better understanding Georgia Tech’s many entrepreneurship, research, and technology transfer programs, in addition to the impact of the NACIE commitment letter in framing Georgia Tech’s strategic plans and institutional culture.

The Georgia Tech entrepreneurship ecosystem is well in its advanced stages, yet it lacks in some minor areas. When addressed, GT will truly be an entrepreneurial campus, where every student can pursue entrepreneurship without any fear, and with the full support of all around them.

The Office of Innovation and Entrepreneurship thanks Georgia Tech’s assistance with this case study and looks forward to a continued close and collaborative relationship in building America’s innovation infrastructure.
<div>
Go Jackets!

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<div id="ftn1">
4Comments By Jilda D. Garton, Vice Provost for Research, General Manager, GTRC and GTARC
</div></div><div> 
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<div id="edn1">
New Entrepreneurship & Innovations Programs:
</div><div id="edn2">
New Entrepreneurship & Innovations Programs:
</div><div id="edn3">
The Office of Industry Collaborations and Affiliated Licenses (ICAL):
</div><div id="edn4">
Economic Impact of University System Reaches $13.2 Billion: www.usg.edu/news/release/economic_impact_of_university_system_reaches_13.2_billion
</div><div id="edn5">
Tech's Economic Impact on Georgia:

Source: "The Innovative and Entrepreneurial University: Higher Education, Innovation & Entrepreneurship in Focus", Department of Commerce, October 2013.
</div></div>
= Related Links =

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology Georgia Institute of Technology]

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology_Student_Priorities Georgia Institute of Technology Student Priorities]

'''University Innovation Fellows''

Fall 2020:

[https://universityinnovation.org/wiki/Fellow:Tynan_Purdy Tynan Purdy]

[https://universityinnovation.org/wiki/Fellow:Yuma_Tanaka Yuma Tanaka]

[https://universityinnovation.org/wiki/Fellow:Cole_Campbell Cole Campbell]

[https://universityinnovation.org/wiki/Fellow:Madison_Lovelace Madison Lovelace]

Fall 2019:

[http://universityinnovation.org/wiki/Jeremy_Levin Jeremy Levin]

[[Cassie McIltrot|Cassie McIltrot]]

[http://universityinnovation.org/wiki/Sierra_Mulrine Sierra Mulrine]

[[Margaret Lu|Margaret Lu]]

[[Jordan Lym|Jordan Lym ]]

[http://universityinnovation.org/wiki/Hunter_schaufel Hunter Schaufel]

[[Stefanos Charalambous|Stefanos Charalambous]]

Fall 2017:

[http://universityinnovation.org/wiki/Risha_Parikh Risha Parikh]

[http://universityinnovation.org/wiki/Taft_Weber-Kilpack Taft Weber-Kilpack]

[http://universityinnovation.org/wiki/HanSung_Kim HanSung Kim]

Spring 2017:

[http://universityinnovation.org/wiki/Julie_Leonard-Duke Julie Leonard-Duke]

[[Fang Shi|Fang Shi]]

[http://universityinnovation.org/wiki/Monali_Shah Monali Shah]

[http://universityinnovation.org/wiki/Jason_Weis Jason Weis]

Spring 2016:

[http://universityinnovation.org/wiki/Thomas_W._Clifton_V Thomas Clifton]

[http://universityinnovation.org/wiki/Kshitij_Kulkarni Kshitij Kulkarni]

[http://universityinnovation.org/wiki/Arshiya_Lal Arshiya Lal]

Fall 2015:

[http://universityinnovation.org/wiki/Utkarsh_Garg Utkarsh Garg]

Spring 2014:

[http://universityinnovation.org/wiki/Alex_Flohr Alex Flohr]

[http://universityinnovation.org/wiki/Megna_Saha Megna Saha]

[http://universityinnovation.org/wiki/Rachel_Ford Rachel Ford]

[[Category:Universities]]
[[Category:Schools]]
[[Category:Georgia_Institute_of_Technology]]
{{CatTree|Georgia_Institute_of_Technology}}

School:Georgia Institute of Technology

2020-09-19T17:31:55Z

Mlovelace3: /* Related Links */

= Background =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">In April 2010, more than 140 leaders from higher education endorsed and submitted a letter to then-Commerce Secretary Gary Locke through his National Advisory Council on Innovation and Entrepreneurship (NACIE). These leaders, including Georgia Tech’s former president, G.P. “Bud” Peterson, committed to work more closely with industry, private foundations, investors, and local, state, and federal governments to promote innovation, entrepreneurship, and the commercialization of research results. Underlying their commitment was a willingness to employ strategies, enhance existing activities, and expand efforts in several areas, including:

*Promoting student innovation and entrepreneurship
*Encouraging faculty innovation and entrepreneurship
*Actively supporting the university technology transfer function
*Facilitating university – industry collaboration
*Engaging with regional and local economic development efforts

 <span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Department of Commerce’s Office of Innovation and Entrepreneurship (OIE) recently followed up with the signatories to better understand their efforts to embody and implement the ideas contained within the letter, as well as to improve their ability to develop policies and programs that support innovation, entrepreneurship, and the commercialization of research results. OIE is conducting phone calls with every respondent to discuss their strategies and develop a general outline of each of their initiatives.

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">For a select few institutions, including some who did not sign the NACIE letter, OIE has conducted a more thorough exploration of their strategies and initiatives. The goals of these “deep dives” are to discuss the historical and cultural context for the relevant work being done at leading institutions, highlight innovative practices, and uncover future trends. Through this exploration, OIE will be better equipped to advise on policies and develop future programs.

= Georgia Tech Campus Landscape =

The University Innovation Fellows of GT 2014 and 2015, created a campus map that guides students on the ways they can engage in innovation and entrepreneurship on campus. 

To view the complete landscape canvas for Georgia Tech's campus, and surrounding Atlanta area, please follow the link below:

GT 2014 - [https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0 https://docs.google.com/spreadsheet/ccc?key=0AkIeZwL27QHbdFY5bXZtWkZJcUhFQ0JiN2ZwbVZtclE&usp=drive_web#gid=0]

GT 2015 - [https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14 https://docs.google.com/presentation/d/1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY-AeVMg/edit#slide=id.gded0dd295_2_14]

GT 2016 - [https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp https://drive.google.com/folderview?id=0B844vlWIDJatbmdlX19lMnppV2s&usp=sharing&tid=0B9GRsz4i6ggaaEF0SnMya0ctc3c&nbsp]

GT 2017 - [https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0 https://docs.google.com/spreadsheets/d/13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0]

GT 2017 FALL - [https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0 https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#gid=0]

GT 2019 - [https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing https://docs.google.com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing]

GT 2020 - [https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1 https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1]

= Overview – A Focus on Industry and Collaboration4 =

The Georgia Institute of Technology (Georgia Tech), a public research university in Atlanta, Georgia, is part of the University System of Georgia. Established in the 1880s on the heels of the Industrial Revolution, Georgia Tech’s mission has always focused on assisting industry. For example, the university’s basic and applied research efforts have been instrumental for the global aerospace industry, with Georgia Tech scientists playing key roles in the development of radar and other flight technologies. Georgia Tech focuses intently on the basic-to-applied research continuum throughout its comprehensive research programs in engineering, physical and life sciences, computing, and policy. Georgia Tech’s Strategic Vision and Plan () infuses a focus on innovation and entrepreneurism across the spectrum of basic and applied research as well as in its educational programs. Viewed in broad themes, research at Georgia Tech includes work in:

*Big Data;
*Biotechnology and Biomedicine;
*Electronics and Nanotechnology;
*Manufacturing, Trade, and Logistics;
*Materials;
*National Security;
*Paper and Science Technology;
*People and Technology;
*Public Service, Leadership, and Policy;
*Robotics;
*Sustainable Infrastructure and Energy; and
*Systems.

 Georgia Tech’s culture embodies a collaborative approach. It enlists outside partners and contributors including academic, governmental, industry, and nonprofit institutions in an effort to better understand and ensure the benefit of research to the nation. In 1937, Georgia Tech established what is now the Georgia Tech Research Corporation (GTRC), an internal outpost for engineering experimentation and entrepreneurial applications of engineering, science, and technology. Georgia Tech also operates the oldest and largest university-based business incubator in the United States, the Advanced Technology Development Center, which was established in the 1980s to provide a range of services and facilities for entrepreneurs to launch and build new companies. Recognized by Forbes in 2010, the Advanced Technology Development Center has graduated 143 new companies, which have helped create millions of dollars in revenues and which together have attracted nearly $2.5 billion in capital activity. Capital activity includes venture capital funding, other investment, and the value of mergers and acquisitions.

Georgia Tech incorporates several strategies to ensure that it continually improves and expands its services to industry. To ensure it meets its fiduciary responsibilities and maintains public trust and confidence, the university continually strives to reduce bureaucratic barriers and modify underperforming initiatives. For example, the university has launched the Georgia Tech Integrated Program for Startups, GT:IPS™, which combines a streamlined licensing program with organized support for faculty and student inventor-entrepreneurs. The program provides information and education for entrepreneurs to help them form stronger, more successful companies, and the streamlined GT:IPS license agreement helps simplify negotiations and “take the drama off the table.”

Three of Georgia Tech’s more recent initiatives to promote innovation and entrepreneurship based on broad stakeholder partnerships include Flashpoint, NSF I-Corps, and the Global Center for Medical Innovation. Flashpoint, a Georgia Tech startup accelerator program established in 2011, encourages basic and applied research and facilitates their transfer to the marketplace through entrepreneurial education and access to experienced mentors, experts, investors, and stars in an open, immersive, shared-learning workspace.

In July 2012, Georgia Tech was named as a node for the National Science Foundation’s I-Corps program. NSF Director Subra Suresh describes I-Corps as a program to “leverage productive public-private partnerships and extend the impact of fundamental research discoveries.” He noted that it has “inspired the research and business communities to collaborate in new ways.” Georgia Tech is serving as a teaching site for the hands-on I-Corps curriculum.

Finally, the Global Center for Medical Innovation, which opened in 2012 with support from the Economic Development Authority’s i6 Program, will bring together core members of the medical device community — including universities, research centers, clinicians, established device and drug companies, investors, and early-stage companies — with the goal of accelerating the commercialization of innovative medical technology.

The NACIE commitment letter was broadly disseminated to Georgia Tech faculty and administrators and elicited general consensus prior to President Peterson’s endorsement. University stakeholders who were invited to review and comment on the letter were found to be already committed to its expressed ideas and goals. The letter’s real impact was to add “force” and “intentionality” to Georgia Tech’s innovation, entrepreneurship, and tech transfer strategic vision by providing a time scale for faculty and administration efforts, documenting their commitment, and holding them accountable.

Innovation and entrepreneurism are hallmarks of educational programs as well as research and technology transfer. Problem-based learning gives students an opportunity to develop ideas and technologies within their disciplines, and increasingly, activities such as the General Electric Smart Grid Challenge () provide a venue for companies to explore disruptive concepts through student engagement.

Over the past few years, Georgia Tech's entrepreneurial ecosystem has been growing rapidly, with both, faculty led and student led initiatives. There are startup clubs, startup discussions and even new funds through Georgia Tech that foster student innovation and encourage students to develop their idea/innovations into marketable products.

Below is an enumeration of several Georgia Tech programs and initiatives that support the five buckets in the NACIE sponsored university commitment letter.

= STUDENT ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Students at Georgia Tech are an active part of research and discovery. In fact, over 70 percent of invention disclosures name one or more students among the inventors. As part of a broader effort to foster innovation and entrepreneurship within its student community, Georgia Tech has several initiatives, including:

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://inventionstudio.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Invention Studio]— student-run design-build-play space open to all Georgia Tech students. It is staffed by University Lab Instructors, student volunteers who are on hand to train new students on machines and help with invention prototypes.The space provides resources for designing, prototyping, and sharing ideas through workshops, vendor networks, experienced guidance, and access to cutting edge machines.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>[https://industry.gatech.edu/researcher-toolkit/launching-startup <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech Integrated Program for Startups, GT:IPS]— An initiative that supports faculty and student inventor-entrepreneurs through two components: GT:IPS Facilitation, a graduated program of support, information, and education for new company founders; and GT:IPS License, which offers the same terms to all Georgia Tech startups in the same field and provides them with transparency into Georgia Tech Research Corporation’s (GTRC) licensing processes.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://inventureprize.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">InVenture™ Prize]—An annual competition that inspires undergraduate teams to create inventions that will be judged by experts for more than $30,000 in cash prizes from Georgia Tech and sponsoring corporations. First and second place winners receive patent filings funded by GTRC, and in March 2011, a “People’s Choice” award was sponsored by NCR Corporation.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/tiger/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">TI:GER<span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">]— An award-winning program and partnership between Georgia Tech and Emory University School of Law that brings together PhD, MBA, and law students to experience the challenges of commercializing innovative technologies. Now approaching its 10th anniversary in 2012, TI:GER is expanding to global entrepreneurship and has become an established part of the entrepreneurial education of graduate students on both campuses.</li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://innovation.cae.gatech.edu/businessplan <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Business Plan Competitions]— An annual competition, held by the Scheller College of Business and the Institute for Leadership and Entrepreneurship to foster entrepreneurship among Georgia Tech students and recent alumni is just an example among many of Business Plan Competitions available at Georgia Tech. Since its inception, more than 650 participants have received approximately $570,000 in cash and services, and each year several teams launch companies to take their product concepts to market. To date, eight winning teams have been accepted into Georgia Tech’s Advanced Technology Development Center. </li>
</ul>

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/i2s/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Ideas to SERVE (I2S)]— An annual competition of ideas where creativity, imagination, and the use of technology are applied innovatively to solve community and social issues and sustain the environment. Started as a specialty track of the Business Plan Competition in 2009, I2S has quickly grown into a separate event, contributing to Georgia Tech’s portfolio of programs that foster entrepreneurship. I2S is open to Georgia Tech students and recent alumni.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Summer, Create-X]— A GT program founded in the summer of 2015 that offers student teams $20,000 and mentorship over the summer to pursue their startup with a full time commitment. It is part of Create-X, a Georgia Tech initiative to instill entrepreneurial confidence in students and empower them to launch real startups. The broader goal of this initiative is to provide the knowledge, skills, abilities, and experiences that will give Georgia Tech graduates the confidence to create their own future and confidently pursue entrepreneurial opportunities.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.startup.exchange/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Startup Exchange]— This is a student run organization that meets weekly, and organizes huddles and meetups with other student entrepreneurs, students looking to be entrepreneurs and successful entrepreneurs from the Atlanta area.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[https://create-x.gatech.edu/idea-prototype <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Idea to Prototype]- This is a GT run program that offers course credit, research grants and faculty mentorship to student teams that want to pursue their idea and turn it into an actual product, over a period of 1-2 semesters.</li>
</ul>
 <ul style="margin-top:0;margin-bottom:0;">
<li>[https://www.scheller.gatech.edu/centers-initiatives/ile/gsvc/index.html <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Global Social Venture Competition]- This is a global competition for student entrepreneurs in the social sector. Georgia Tech is the East Coast hub of the GSVC, with Berkeley in the West Coast.</li>
</ul>

 
<ul style="margin-top:0;margin-bottom:0;">
<li>[http://www.cic.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Convergence Innovation Competition]- This is a technology innovation competition organized by the GT RNOC every semester, to foster innovation in specific areas of technology, like telecommunications and transport. </li>
</ul>

 

*[http://designcollaborative.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Design Bloc]– A classroom and prototyping space that emphasizes design thinking through design behavior. The 5 tenants that students are taught are Empathy, Rapid Iteration, Contextual Awareness, Entrepreneurial Spirit and Creative Craft.



*  [https://www.vip.gatech.edu/ <span style="font-size: 11pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Vertically Integrated Projects (VIP)]<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">- A program that engages undergraduate and graduate students in multidisciplinary project teams that are led by faculty in many areas of scholarship. Undergraduate students earn credit for their efforts, and have the opportunity to work with teams on different projects. 

= ENTREPRENEURSHIP AND INNOVATION CLASSES =

<span style="font-size: 11pt; font-family: Arial; color: rgb(0, 51, 153); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">[https://docs.google.com/spreadsheets/d/1sX1RcFpr5-VjdRvC9bSy2GnP7p2nqFAoO_0yF6-7Azo/edit?usp=sharing https://docs.google.com/spreadsheets/d/1sX1RcFpr5-VjdRvC9bSy2GnP7p2nqFAoO_0yF6-7Azo/edit?usp=sharing]
<div> </div>
= FACULTY ENTREPRENEURSHIP =

<span style="font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Georgia Tech has several awards and programs to incentivize faculty to mentor graduate students, or themselves, to pursue innovative research and entrepreneurial ideas. These include:
<ul style="margin-top:0;margin-bottom:0;">
<li>Bio-impact Commercialization Team (BCT)— An initiative focusing on research in biomedicine whereby faculty members and the venture capital community work closely with experts in the biomedical device space to facilitate translational research and commercialization. The Wallace H. Coulter Foundation will fund the BCT’s translational research and development projects.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>I Corps - The [https://innovate.gatech.edu/programs-old/innovation-corps-icorps/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Innovation Corps (I-Corps)] teaches National Science Foundation (NSF) grantees to identify valuable product opportunities that can emerge from academic research and offers entrepreneurship training to student participants. I-Corps is a public-private partnership that prepares students to extend your focus beyond the laboratory by broadening the impact of select, NSF-funded basic-research projects.  The primary goal of I-Corps is to foster entrepreneurship that will lead to the commercialization of technology that has been supported by NSF-funded research.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Humanitarian Design and Engineering Studio- [https://design.gatech.edu/news/georgia-techs-new-humanitarian-design-studio-tackles-water-energy-public-health <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Rehabilitation Engineering and Applied Research (REAR) Lab] undertakes applied research and device development targeting the increased health and function of persons with disabilities. Specific areas of interest include: wheeled mobility and seating, pressure ulcer prevention and treatment; design of diagnostic tissue interrogation devices; design of assistive technology.</li>
</ul>


<ul style="margin-top:0;margin-bottom:0;">
<li>Enterprise Innovation Institute - [https://innovate.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Enterprise Innovation Institute] is Georgia Tech’s chief business outreach and economic development organization. The core mission is to help business, industry, entrepreneurs, and economic developers across Georgia grow and remain competitive.</li>
</ul>



= University Technology Transfer Functions =

*The Georgia Tech Research Corporation ([https://gtrc.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">GTRC])— The contracting entity responsible for several of the university’s tech transfer and licensing processes. GTRC also aims to accelerate the formation of robust Georgia Tech spinout companies and broaden participation in entrepreneurship among faculty and students. In addition, GTRC has revised master agreement terms and developed new template agreements to meet the needs of industry sponsors as technologies progress in development.



*Georgia Tech VentureLab— The [https://venturelab.gatech.edu/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Venture Lab]  is a one-stop-shop providing comprehensive assistance to faculty, research staff, and students who want to take their technology innovations from the laboratory to the commercial market. VentureLab specialists help these innovators “start up” by assisting in business plan development, connecting them with experienced entrepreneurs, and locating sources of early-stage financing, including seed grants from the Georgia Research Alliance. The program has fostered, on average, one new spin out each month over the last three years.

*Georgia Tech Edison Fund — The [https://innovate.gatech.edu/front-page/edison-fund-established/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Edison Fund] is a source for modest investments into early-stage technology startups that have a strong connection to Georgia Tech. This fund makes use of targeted charitable contributions from Georgia Tech alumni and friends.

*Flashpoint  — [https://www.cc.gatech.edu/flashpoint-startup-engineering <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Flashpoint] creates better startups, faster, welcoming committed founders with domain knowledge and a passion for responding to the needs of their customers. Flashpoint helps shape startups with true market + product fit, reduced risks, lower costs, and a better chance of high quality success. Flashpoint is not classified as an incubator or accelerator, but rather a rigorous management and education program that works closely with founders to create companies.

*Advanced Technology Development Center ([https://atdc.org/ <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">ATDC]) - ATDC is a startup incubator at Georgia Tech that helps technology entrepreneurs in Georgia launch and build successful companies. Headquartered in Atlanta's Technology Square, ATDC serves as the hub for technology entrepreneurship in Georgia. ATDC Select is a three-year incubator program for high potential technology companies.  

*Keen Foundation Partnership- Georgia Tech and [https://www.bme.gatech.edu/bme/coulter-department-receives-keen-award <span style="font-size: 11pt; color: rgb(0, 51, 153); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">KEEN] share the vision of revolutionizing engineering education by fostering within students an entrepreneurial mindset, creating interdependent learners who are fearless in the face of a complex problem.



= University-Industry Collaboration =

*University-Industry Demonstration Partnership ([https://uidp.org/ <span style="font-size: 11pt; color: rgb(17, 85, 204); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">UIDP])— An activity of the National Academies that works to demonstrate innovative approaches to research engagement and improve relationships with private industry for research and commercialization of inventions. Georgia Tech has been a member and active participant since the UIDP was founded in 2005. The recently published Researcher Guide, a collaborative effort of UIDP university and industry members, provides information for university and company scientists and engineers who wish to engage in sponsored or collaborative research.



*<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Office of Industry Engagement (ICAL)<span style="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(102, 102, 102); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">— An organization that works in close coordination with faculty, academic units, and university offices, including the Office of Sponsored Programs, Office of Innovation Commercialization and Translational Research, Enterprise Innovation Institute (EI²), and Advanced Technology Development Center, in their partnerships with private industry to help promote industry-sponsored research and further technology commercialization. Types of agreements facilitated by ICAL include nondisclosure, industry collaboration, consortium, memorandum of understanding, center bylaws, testing, and SBIR.

 

= Regional and Local Economic Development =

An economic impact study by the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business indicates that Georgia Tech made a $3.35 billion economic impact during the fiscal year 2018, the highest of any institution in the University System of Georgia (USG). The study also found that Georgia Tech generated 27,065 full- and part-time jobs. Most of the economic impact in the study consists of initial spending by USG institutions for salaries and benefits, supplies and expenses, and other budgeted expenditures, as well as spending by students who attend the institutions.

Georgia Tech also impacts the local and regional economy in several other ways, including:

*Research partnerships with business and industry in the state of Georgia and throughout the Southeast;
*Economic development services to help make Georgia’s small and medium-sized businesses and communities more innovative and efficient;
*The more than 48,000 Georgia Tech alumni who live and work in the state;
*Research labs that produce more than 300 invention disclosures annually;
*A strong patent portfolio, ranked eighth among the top 124 universities according to the 2009 Universities Patent Scorecard;
*Spinning off an average of ten new companies a year;
*The Economic Development Authority i6 grant, which we received in 2010 to support innovation and entrepreneurship and boost the quality of high-growth startups in the region. EDA funding has helped advance economic development activities through Georgia Tech’s University Center of Excellence and also through a recent Jobs Accelerator award, where Georgia Tech partners with Gwinnett Tech to prepare students for work in health information technology; and
*EI2, which serves Georgia through a network of industry specialists located in nine regions throughout the state. These specialists provide local businesses with direct technical and engineering assistance, professional education courses, networking opportunities, and connections to Georgia Tech resources.

 

During fiscal year 2018 alone, Georgia Tech’s Enterprise Innovation Institute (EI2):

*Number of clients served by EI^2 programs: 10,752
*Number of jobs created by or saved by EI^2-assisted clients: 15,724
*GaMEP-assisted manufacturing clients created or retained 2,047 jobs
*Evaluated 235 GT faculty member research innovations
*Served 505 technology startup companies
*Assisted 96 minority entrepreneurs resulting in $93 million in new contracts, sales, and financing
*Helped Georgia Manufacturers slash operating costs by $40 million
*Helped Georgia Manufacturers increase sales by $219 million
*Served 1,440 Georgia manufacturing companies
*Helped create or save 1,910 manufacturing jobs

 

= Deep-Dive Questions =

*How can Georgia Tech’s focus be shifted to further support innovation and entrepreneurship?
*Why is it important to support innovation?
*What is the relationship between innovation, entrepreneurship and tech transfer?
*How do you envision your program in the future?
*What is your vision for each of the case study’s buckets?
*How does your institution leverage, or intend to leverage, geographic endowment?
*Are your innovation, entrepreneurship, and tech transfer programs integrated? Why?
*Are there any uniquely successful or failed programs at your school you may wish to learn from?
*What can be done to make the student and faculty mindset on campus more entrepreneurial?
*How can GT’s focus on industry be used to motivate innovation on campus?

= Conclusion =

The Georgia Institute of Technology is a top-10 public research university and an Association of American Universities (AAU) member school. Jilda Garton’s comments have been instructive in better understanding Georgia Tech’s many entrepreneurship, research, and technology transfer programs, in addition to the impact of the NACIE commitment letter in framing Georgia Tech’s strategic plans and institutional culture.

The Georgia Tech entrepreneurship ecosystem is well in its advanced stages, yet it lacks in some minor areas. When addressed, GT will truly be an entrepreneurial campus, where every student can pursue entrepreneurship without any fear, and with the full support of all around them.

The Office of Innovation and Entrepreneurship thanks Georgia Tech’s assistance with this case study and looks forward to a continued close and collaborative relationship in building America’s innovation infrastructure.
<div>
Go Jackets!

----
<div id="ftn1">
4Comments By Jilda D. Garton, Vice Provost for Research, General Manager, GTRC and GTARC
</div></div><div> 
----
<div id="edn1">
New Entrepreneurship & Innovations Programs:
</div><div id="edn2">
New Entrepreneurship & Innovations Programs:
</div><div id="edn3">
The Office of Industry Collaborations and Affiliated Licenses (ICAL):
</div><div id="edn4">
Economic Impact of University System Reaches $13.2 Billion: www.usg.edu/news/release/economic_impact_of_university_system_reaches_13.2_billion
</div><div id="edn5">
Tech's Economic Impact on Georgia:

Source: "The Innovative and Entrepreneurial University: Higher Education, Innovation & Entrepreneurship in Focus", Department of Commerce, October 2013.
</div></div>
= Related Links =

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology Georgia Institute of Technology]

[http://universityinnovation.org/wiki/Georgia_Institute_of_Technology_Student_Priorities Georgia Institute of Technology Student Priorities]

'''University Innovation Fellows''

Fall 2020:

[https://universityinnovation.org/wiki/Fellow:Tynan_Purdy Tynan Purdy]

[https://universityinnovation.org/wiki/Fellow:Yuma_Tanaka Yuma Tanaka]

[https://universityinnovation.org/wiki/Fellow:Cole_Campbell Cole Campbell]

[https://universityinnovation.org/wiki/Fellow:Madison_Lovelace Madison Lovelace]

Fall 2019:

[http://universityinnovation.org/wiki/Jeremy_Levin Jeremy Levin]

[[Cassie McIltrot|Cassie McIltrot]]

[http://universityinnovation.org/wiki/Sierra_Mulrine Sierra Mulrine]

[[Margaret Lu|Margaret Lu]]

[[Jordan Lym|Jordan Lym ]]

[http://universityinnovation.org/wiki/Hunter_schaufel Hunter Schaufel]

[[Stefanos Charalambous|Stefanos Charalambous]]

Fall 2017:

[http://universityinnovation.org/wiki/Risha_Parikh Risha Parikh]

[http://universityinnovation.org/wiki/Taft_Weber-Kilpack Taft Weber-Kilpack]

[http://universityinnovation.org/wiki/HanSung_Kim HanSung Kim]

Spring 2017:

[http://universityinnovation.org/wiki/Julie_Leonard-Duke Julie Leonard-Duke]

[[Fang Shi|Fang Shi]]

[http://universityinnovation.org/wiki/Monali_Shah Monali Shah]

[http://universityinnovation.org/wiki/Jason_Weis Jason Weis]

Spring 2016:

[http://universityinnovation.org/wiki/Thomas_W._Clifton_V Thomas Clifton]

[http://universityinnovation.org/wiki/Kshitij_Kulkarni Kshitij Kulkarni]

[http://universityinnovation.org/wiki/Arshiya_Lal Arshiya Lal]

Fall 2015:

[http://universityinnovation.org/wiki/Utkarsh_Garg Utkarsh Garg]

Spring 2014:

[http://universityinnovation.org/wiki/Alex_Flohr Alex Flohr]

[http://universityinnovation.org/wiki/Megna_Saha Megna Saha]

[http://universityinnovation.org/wiki/Rachel_Ford Rachel Ford]

[[Category:Universities]]
[[Category:Schools]]
[[Category:Georgia_Institute_of_Technology]]
{{CatTree|Georgia_Institute_of_Technology}}

Topic:Vtawn3u4vz3tn2vl

2020-09-04T23:16:17Z

Mlovelace3 (talk | contribs) commented on "Georgia Tech Virtual Meetings and Classes" (Some classes use Perusall for collaborative annotation and Piazza as an extension through canvas, to post questions and discussions. Anot...)

Topic:Vs1y9503npzfrpho

2020-08-25T14:49:35Z

Mlovelace3 (talk | contribs) commented on "Accessibility and Sustainability" (A big driver of my everyday life comes from sustainability. I am a strong advocate for pushing the question "can we do this sustainably",...)

Fellow:Madison Lovelace

2020-08-21T20:13:37Z

Mlovelace3: /* Achievements */

{| class="wikitable" style="border: 5px ridge grey; float:right;"
|-
|[[File:Madisonprofilepic.JPG|300px]]
|-
|
;Name:Madison Lovelace
;School (Cohort):Georgia Institute of Technology (2020 cohort)
;Majoring in:Industrial Design
;Country:United States
;Email:[[Special:EmailUser/Mlovelace3]]
|}

==Bio==
I am just a good ole farm girl form '''real''' rural Georgia, and I had to get out of the one store town I grew up in to thrive in the city. I had little knowledge of what my plans were when I got to Georgia Tech but I knew I had to get there. Throughout high school, I struggled with my curiosity in the STEM field and my passion for art and creativity. Then when I was aware of Industrial Design, I instantly knew that this is what I wanted to do. Looking back, I'm glad I drove headfirst into this major even though I couldn't see the bottom. As I actually began to learn about what Design was, I felt even more at home. I already had a great deal of empathy for those around me and was prided in being an open-minded person, and I get to use those traits '''all the time'''. I feel my upbringing gives me an edge that I can bring to Design and the work ethic to get me far.

==Personal Life==
I wanted to use the achievements section to give more of a glimpse of my personal life. I am a dog person, with a ''large'' white lab named Bear. I enjoy anything that I can do with my hands: whether that's cooking, baking, wood carving, construction, or sewing, I could be considered a renaissance woman. I am a fan of the outdoors. I like to rollerskate, hike, garden, and have spent a lot of my summers lifeguarding. I'm a people watcher and observer of some of the more useless things (I can remember numbers like nobody's business). I have a lot of excitement for learning new recipes, skills, or cultures.

==Social media profiles==
[http://www.madisonlovelace.squarespace.com Personal Website]
[https://www.behance.net/madisonlovelace Behance]
[https://www.instagram.com/lovelace.makes/ Instagram]
[https://www.linkedin.com/in/madison-lovelace-3bb6b4192/ LinkedIn]

[[Category:Georgia Institute of Technology (2020 cohort)]]
[[Category:Student Contributors]]

{{CatTree|Georgia Institute of Technology}}

User:Mlovelace3

2020-08-21T20:13:06Z

Mlovelace3: Redirect to Fellow Page

#REDIRECT [[Fellow:Madison Lovelace]]

Fellow:Madison Lovelace

2020-08-21T20:13:05Z

Mlovelace3: Created Fellow Page - 2020

{| class="wikitable" style="border: 5px ridge grey; float:right;"
|-
|[[File:Madisonprofilepic.JPG|300px]]
|-
|
;Name: Madison Lovelace
;School (Cohort): Georgia Institute of Technology (2020 cohort)
;Majoring in: Industrial Design
;Country: United States
;Email: [[Special:EmailUser/Mlovelace3]]
|}

==Bio==
I am just a good ole farm girl form '''real''' rural Georgia, and I had to get out of the one store town I grew up in to thrive in the city. I had little knowledge of what my plans were when I got to Georgia Tech but I knew I had to get there. Throughout high school, I struggled with my curiosity in the STEM field and my passion for art and creativity. Then when I was aware of Industrial Design, I instantly knew that this is what I wanted to do. Looking back, I'm glad I drove headfirst into this major even though I couldn't see the bottom. As I actually began to learn about what Design was, I felt even more at home. I already had a great deal of empathy for those around me and was prided in being an open-minded person, and I get to use those traits '''all the time'''. I feel my upbringing gives me an edge that I can bring to Design and the work ethic to get me far.

==Achievements==
I wanted to use the achievements section to give more of a glimpse of my personal life. I am a dog person, with a ''large'' white lab named Bear. I enjoy anything that I can do with my hands: whether that's cooking, baking, wood carving, construction, or sewing, I could be considered a renaissance woman. I am a fan of the outdoors. I like to rollerskate, hike, garden, and have spent a lot of my summers lifeguarding. I'm a people watcher and observer of some of the more useless things (I can remember numbers like nobody's business). I have a lot of excitement for learning new recipes, skills, or cultures.

==Social media profiles==
[http://www.madisonlovelace.squarespace.com Personal Website]
[https://www.behance.net/madisonlovelace Behance]
[https://www.instagram.com/lovelace.makes/ Instagram]
[https://www.linkedin.com/in/madison-lovelace-3bb6b4192/ LinkedIn]

[[Category:Georgia Institute of Technology (2020 cohort)]]
[[Category:Student Contributors]]

{{CatTree|Georgia Institute of Technology}}

File:Madisonprofilepic.JPG

2020-08-18T02:01:26Z

Mlovelace3:

File:Madison profile pic.JPG

2020-08-14T16:25:21Z

Mlovelace3: