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School:University of Chicago

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== Entrepreneurial Discovery ==

The University of Chicago offers various classes and programs to expose students to entrepreneurship.~~~~

Classes

Extra-curricular

Edge- UChicago's undergraduate entrepreneurship organization. They support student ventures and foster an entrepreneurial spirit on campus. Their mission is to promote entrepreneurship education at the University of Chicago and to empower the next generation of entrepreneurs. Edge focuses on providing UChicago students with resources and a community to help them build skills, companies, and relationships.

~~Edge is~~ Uncommon Ventures - a student-run venture firm on the UChicago~~'s undergraduate entrepreneurship organization. They support~~ Campus that provides seed funding for early-stage student ~~ventures and foster an entrepreneurial spirit on campus~~startups. ~~Their mission is~~ With a total fund size of $500,000, they exist to ~~promote entrepreneurship education at the University of Chicago and~~ provide capital to ~~empower the next generation of~~ college entrepreneurs~~. Edge focuses on providing UChicago students with resources~~ and ~~a community~~ to help ~~them build skills, companies,~~ undergraduates start and ~~relationships~~grow their amazing business.

~~Uncommon Ventures~~ ~~Uncommon Ventures is a student-run venture firm on the UChicago Campus that provides seed funding for early~~<span style="font-~~stage student startups. With a total fund size of $500~~family:tahoma,~~000~~geneva, ~~they exist to provide capital to college entrepreneurs and to help undergraduates start and grow their amazing business.~~ sans-serif;">TedXUChicago ~~TEDxUChicago is~~ - a local, independently organized event at The University of Chicago that strives to re-create the unique experience found at TED, where the world´s leaders, thinkers and doers congregate to share what they are most passionate about.

Programs and Competitions

~~The~~ Uncommon Fund~~~~ ~~The Uncommon Fund is~~ a pool of money allocated by Student Government towards interesting and creative student projects and initiatives on campus. These projects and initiatives range from one day events to large scale initiatives or projects. The goal of the Uncommon Fund is to encourage students to take action on campus in creative and unique ways. The fund is also unique in that all other sources of SG funding require Registered Student Organization status. Additionally, one Uncommon Fund board member and ORCSA staff member are assigned to each project to help ensure it’s success. For more information, ~~[http://uncommonfund.uchicago.edu/~~ check out the Uncommon Fund website~~].~~ ~~UChicago App Challenge~~ The Mobile Apps Challenge is a joint effort between IT Services, The Polsky Center for Entrepreneurship, and UChicagoTech to cultivate, evaluate and develop ideas for mobile apps from anywhere in the University.~~~~

~~<span style="color: rgb(0~~UChicago App Challenge- the Mobile Apps Challenge is a joint effort between IT Services, The Polsky Center for Entrepreneurship, 0and UChicagoTech to cultivate, ~~0); font-size: medium;">College New Venture Challenge~~evaluate and develop ideas for mobile apps from anywhere in the University.

~~Building~~ building off the success of the University of Chicago's Social Innovation Competition, the Career Advancement and the Polsky Center for Entrepreneurship and Innovation launched the College New Venture Challenge (CNVC) in 2012 to create a supportive and highly rewarding environment for all undergraduate students interested in entrepreneurship.~~ ~~CNVC was designed exclusively for University of Chicago undergraduate students. Through the program, students create a viable plan for a for-profit or nonprofit enterprise with an innovative component. ~~[http://research.chicagobooth.edu/nvc/collegenvc/ Find more information here]Entreprenerial Experimentation~~

== Entrepreneurial Experimentation ==

Chicago Innovation Exchange - The Chicago Innovation Exchange provides entrepreneurs with a space to translate their ideas and technologies into startups.

ARCH Venture Partners New Venture Incubator - This incubator provides the winners of the New Venture Challenge with space to build up their products and services.

1871 - This co-working facility provides Chicago-area startups with space and amenities to incubate their companies

University Technology Park at IIT - This technology park provides more than 300,000 square feet of wet and dry lab and office space for growing companies focused on materials and life sciences, biomedical engineering, medical devices and diagnostics, green and clean technology, food safety, information technology and many other fields.

Seed Funding

Uncommon Ventures - Uncommon Ventures is a student-run venture capital group that provides undergraduate entrepreneurs with seed funding

Innovation Fund - The Innovation Fund is a university-operated venture philanthropy fund that provides grants to faculty and university affiliated persons with business ideas to prototype and develop proof-of-concept models for these ideas Tech Transfer Office

UChicagoTech - UChicagoTech works with university faculty members to help them develop and launch their research and technology into the market

== Entrepreneurial Spin-Out ==

UChicagoTech - UChicagoTech hosts Executives-in-Residence who help faculty members in the development of their technologies

= Encouraging Faculty Innovation and Entrepreneurship = The University of Chicago offers a plethora of resources to help faculty translate their research into viable startup businesses. Entrepreneurial Exposure Big Ideas Generator Arete Chicago Innovation Exchange Entrepreneurial Training New Venture Challenge National Science Foundation Innovation Corps (i-Corps) Site Program Chicago Innovation Mentors Entrepreneurial Creation Innovation Fund - The Innovation Fund is a university-operated venture philanthropy fund that provides grants to faculty and university affiliated persons with business ideas to prototype and develop proof-of-concept models for these ideas Tech Transfer Office UChicagoTech: Center for Technology Development and Ventures - UChicagoTech works with university faculty members to help them develop and launch their research and technology into the market Hyde Park Angels Entrepreneurial Incubation ARCH Venture Partners New Venture Incubator - This incubator provides the winners of the New Venture Challenge with space to build up their products and services. University Technology Park at IIT - This technology park provides more than 300,000 square feet of wet and dry lab and office space for growing companies focused on materials and life sciences, biomedical engineering, medical devices and diagnostics, green and clean technology, food safety, information technology and many other fields. = Actively Supporting the University Technology Transfer Function = The University of Chicago boasts an active technology transfer department called UChicagoTech: Center for Technology Development and Ventures, which caters to the needs of faculty members who are interested in bringing their research to market either through partnerships with startups and large businesses or through new venture creation and patent filing. More specifically, UChicagoTech - Collaborates with its extensive network of commercial and venture contacts, making connections that advance innovation within the University and the Chicago region - Supports science and technology development through specialized mentorship, proof-of-concept funding, and venture initiatives - Pursues commercialization through expert market analysis, intellectual property protection, and license and partnership negotiation The following are some of the resources and programs that UChicagoTech offers to faculty The Innovation Fund - awards grants and invests in promising technologies and start-ups created by University of Chicago faculty, students, and staff with high potential for societal and commercial impact, helping them to bridge the gap between basic research funding and commercial investment. UChicagoTech launched the Innovation Fund in 2010 to accelerate the commercialization of promising, early-stage University of Chicago research discoveries. It is now managed by the Chicago Innovation Exchange in partnership with the Polsky Center for Entrepreneurship & Innovation and UChicagoTech, Center for Technology Development & Ventures. Learn more Chicago Innovation Mentors - matches early-stage science commercialization projects with an elite network of business and translational experts willing to volunteer as mentors. The program is modeled on, and implemented in collaboration with, MIT’s Venture Mentor Service. As of Spring 2013, CIM has over 150 mentors mentoring almost 60 projects. Co-founders with UChicago include Northwestern University, the University of Illinois, and the Illinois Biotechnology Industry Organization Institute. Argonne National Lab recently joined as a founding institution. Support also comes from the Chicago Biomedical Consortium. CIM’s primary focus to date has been healthcare ventures, but it is now expanding into materials, cleantech, and computing and is becoming the go-to organization for early stage academic research-intensive venture origination. See Chicago Innovation Mentors for more information. Executives-in-Residence - brings accomplished technology entrepreneurs and executives to the University on an extended basis to meet with faculty, identify opportunities, and build projects. See some of the EIRs involved on UChicagoTech Team page. UChicagoTech / Booth Links - provide very complimentary skillsets at the University of Chicago and work closely together, regularly cross-referring and collaborating on each other’s and joint programs. These include: Innovation Workshop Speaker Series - successful entrepreneurs and innovators address faculty and students. The intent is to provide researchers and students with a business perspective, raise awareness of commercial possibilities, and provide networking opportunities. See Innovation Workshop Series for more information. New Venture Challenge - launched in 1996, the Edward L. Kaplan, '71, New Venture Challenge (NVC) is one of the nation's premier business launch programs, allowing students to act upon their entrepreneurial ideas within a supportive and highly rewarding environment. D4Lab - aims to bring together students and professionals from across campus to combine entrepreneurship education with human-centered design. D4Lab offers workshops for the University of Chicago at large and fellowship opportunities for a select group of individuals interested in designing solutions for healthcare. See D4Lab for more information. Student Engagement - MBA students and science PhD students and postdocs are increasingly participating in Innovation Fund proposals and Chicago Innovation Mentor projects. There are plans to launch a formal Innovation Fund Associates Program for students across campus, and jointly managed by UChicagoTech and the Polsky Center. A CIM Fellows Program, involving science PhD’s and postdocs assisting Chicago Innovation Mentors projects is growing rapidly. The Polsky Center and UChicagoTech are collaborating on a project to extend education programs in both science and general innovation and entrepreneurship across campus. = Facilitating University-Industry Collaboration = In addition to providing faculty members and students with resources to translate their research to the market, UChicagoTech also plays a major role in facilitating university-industry collaboration through its connections with numerous companies. UChicagoTech facilitates the process of licensing university intellectual property to businesses and private-sector entitites. The Chicago Materials Research Center connects university faculty and students with private-sector entities that are interested in licensing university research or requesting consulting services from university members. To this end, the Materials Research Center runs several programs like the Management Lab, which exposes graduate students to industrial work by connecting them with Booth students and companies that are in need of technical and business assistance. The University's Office for Corporate Relations coordinates opportunitites for businesses to recruit, and conduct research and clinical with university faculty and students. = Engaging with Regional and Local Economic Development Efforts = The University of Chicago recently opened up its Chicago Innovation Exchange to serve as a hub of innovation for not only students and faculty, but also members of the local community. The CIE provides resources and programming to community members who are interested in bringing their ideas to the market. The University also operates an initiative called UChicago Local, which fosters partnerships with businesses and job seekers in mid-South Side neighborhoods to opportunities at the University, the University of Chicago Medicine, and their vendor networks. Local Hiring - the University of Chicago is the largest employer on the South Side of Chicago, with nearly 6,000 staff employees of the University and medical center living within seven zip codes near its campus. In fiscal 2014, those area residents accounted for about one-third of UChicago’s total staff. UChicago Local works to advance local hiring by supporting workforce development agencies in their efforts to match mid-South Side residents with jobs and prepare them for employment. Opportunity Link - the University of Chicago has formed a referral partnership with 741 Collaborative Partnership, a nonprofit collaborative of 10 workforce development agencies, that will help link local residents working with any of 741’s partner agencies to job opportunities at the University, the Medical Center, and surrounding businesses. Training for Local Workforce Development Agencies - UChicago Local provides workforce development practitioners with training and informational resources that prepare them to better serve mid-South Side job seekers. UChicago Procurement - through UChicago Local, the University and Medical Center are realigning normal purchasing activity to potentially transfer business to competitive local vendors and, as a result, have a greater impact in local communities. The initiative targets prospective businesses in eight categories: - Consulting and professional services - Plant and maintenance services - Food supplies, dining and social activities - Non-shop supplies and equipment - Transportation and livery services - Shop supplies and equipment - Equipment lease and rental - Space lease and rental Capacity Building - in partnership with Chicago Anchors for a Strong Economy (CASE), UChicago Local provides training to help local companies grow their business to the next level by building capacity in core business skills. Business Showcase Events - through the UChicago Local initiative, the Office of Civic Engagement hosts or sponsors regular forums for mid-South Side businesses to showcase their products and services to UChicago and UChicago Medicine staff, faculty and students UChicago Local Newsletter - university faculty, staff and students receive direct information about discounts and promotions at local businesses through the monthly UChicago Local newsletter. The University is committed to enhancing the quality of life in local neighborhoods, working with community-based organizations to improve the area’s housing, retail, parks, and public facilities. For example, they are working with the city and community groups to turn the 53rd Street retail district into a vibrant, mixed-use main street. To advance its goal to support a stronger mid-South Side, the University and University of Chicago Medical Center offer financial incentives for homebuyers and renters through an Employer-Assisted Housing Program, to encourage employees to live in the nine neighborhoods surrounding campus. = Landscape Canvas = We have identified the following resources and programs that help students get involved in innovation and entrepreneurship.

~~We have identified the following resources and programs that help students get involved in innovation and entrepreneurship.~~{{#Widget:Google Spreadsheet|key=189sBa-S78vQuQIqvC2TpIXAS8kmDrB1TstC7a-U3fuA|width=1136|height=640}}

~~{{#Widget:Google Spreadsheet|key~~=~~189sBa~~Related Links =~~640}}~~

[[University of Chicago Student Priorities|University of Chicago Student Priorities]]<br/span> =

[[~~University of Chicago Student Priorities~~Annie Zhang|~~University of Chicago Student Priorities~~Annie Zhang]]

[[~~Annie Zhang~~Jonathan Pan|~~Annie Zhang~~Jonathan Pan]]

[[~~Jonathan Pan~~Klevin Lo|~~Jonathan Pan~~Klevin Lo]]

[[~~Klevin Lo|Klevin Lo~~Category: Universities]][[Category:Schools]][[Category:University_of_Chicago]]{{CatTree|University_of_Chicago}}

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