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School:Universidad de Montevideo

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==Overview==

The [http://www.um.edu.uy/ <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; vertical-align: baseline;">University of Montevideo] (UM) started off in 1986 as the Institute of Business Studies of Montevideo (IEEM). Some months later the IEEM started a postgraduate in business law. From there the IEEM continued incorporating new courses mixing law and business, such as seminar in management, business administration, master's degree in business law and much more. ~~[[File:Logo-um.png|thumb|center|400x150px|Logo-um.png|link=Special:FilePath/Logo-um.png]]~~ ~~It wasn't until April 29 of 1997 that the IEEM was approved to function as a university and from there it's known as the <~~[http://~~span>Universidad de Montevideo<~~uy/~~span>~~. To be legally approved as a national university it was demanded the existence of three areas of knowledge, these were:<ul style="margin-top:0pt;margin-bottom:0pt;"><li>Law</li><li>Business Science and Economics</li><li>~~Engineering~~~~</li></ul>~~ ~~~~] ~~~~[[File:~~FIUM.jpg|link=Special:FilePath/FIUM.jpg]]~~ ~~''School of Engineering of~~ Logo Universidad de Montevideo~~''~~ ~~[[File:Economics~~.~~jpg~~png|~~border~~thumb|~~left~~341x341px|~~650x300px|Economics~~Logo-um.~~jpg~~png|link=Special:FilePath/~~Economics~~Logo_Universidad_de_Montevideo.~~jpg~~png]] ''School of Business Science and Economics, and Communication of Universidad de Montevideo''

Now the UM has 9 different schools including schools for graduate students:

Actually the UM offers 20 25 different majors for undergraduate students ~~and 28 majors for graduate students, through the schools listed above~~, also it has been ranked the best university in Uruguay by the QS ranking and it is among the 500 best Universities in the world.

==Promoting Student Innovation and entrepreneurship==

[[File:Initium.png|thumb|Initium Logo|link=Special:FilePath/Initium.png]]

There is an increasing number of students who choose to become entrepreneurs at Universidad de Montevideo. To accompy this entreprenurial Spirit UM has created INITIUM. This center has created different courses and workshops stimulating students and professors to develop new skills and attitudes with an Innovation and entrepreneurship minaste. There are also other courses that stimulate innovation in their areas, such as Engineering Labs, Investment Projects, Entrepreneurial Initiative or Creativity and Innovation where students are working in a very interesting project for the women's Prison of Montevideo.

There is an increasing number of students who choose to become entrepreneurs at Universidad de Montevideo. Most of them start this path before graduating but it is also often Some succesfull entrepreneurship stories that alumni become entrepreneurs after some professional experience or completing an MBA. To accompy this entreprenurial Spirit UM has created INITIUM. This center has created different courses and workshops stimulating students and professors to develop new skills and attitudes with an innovation and entrepreneurship mindset. It is also a place for connection between students, alumni entrepreneurs, accelerators and other extracurricular entities. For example, this year was created Agents of Change, a group of students interested in innovation and entrepenuership, they meet every week originated with the help of ~~Romina Dominzain, former Fellow and part of Initium, to learn about Design Thinking, Life Design, communication and multiple skills valued in~~ INITUM are the ~~area.~~ There are also other courses that stimulate innovation in their areas, such as Engineering Labs, Investment Projects, Entrepreneurial Initiative or Creativity and Innovation where students are working in a very interesting project for the women's Prison of Montevideo.

One of the biggest successful entrepreneur story started in 2009, when Agustina Sartori and Carolina Bañales, two telematic engineers, decided to innovate in the beauty and cosmetics area. They received funds from ANII, settled their office at the university and with some student interns developed the first prototype of a virtual makeover. The product was sold to a local store and after that Start Up Chile, 500 Startups and Plug and Play supported and invested in their new app: [[GlamST]]

[~~[File~~https://glamst.com GlamST] started in 2009 when Agustina Sartori ~~banales~~and Carolina Bañales, two telematic Engineers, decided to innovase in the Beauty and Cosmetics area.~~jpg|link=Special:FilePath/Sartori_banales~~They received Funds from ANII, settled their office at the university and with some student interés developed the first prototype of a virtual makeover. The product was sold to a local store and after that Start Up Chile, 500 Startups and Plug and Play supported and invested in their new app.~~jpg]]~~

~~''Agustina and Carolina founders of GlamST''~~

~~Social entrepreneurship //www.1087.com.uy 1087] is ~~also something~~ a company that ~~is being fostered at UM~~sells Solidaridad shampoos with cero Plastic packaging. ~~Valentina Quagliotti was one of~~ Additionally, they want to incorporate Big Data in the ~~first entrepreneurs in Uruguay~~ formula making as a way to ~~combine a business model with a social cause when she found [[Iuski]], a social video production startup. She also was~~ find the ~~first Director~~ best combination of ~~[[SocialLab]], a latin american pre incubator~~ products for ~~social ventures~~each hair Type.~~

Not everybody succeed at first attempt, that is why Ignacio Menafra started [[Wanna]] an e-commerce portal and his fourth venture.

~~Recently, another //chilltravel.co ChillTravel] is a startup created by a Jeronimo Acosta~~, ~~and has been growing exponentially, and solves the Problem of Lost luggage and protects all your valuadle items. ~~His business is called [[ChillTravel|ChillTravel]], ~~Encouraging faculty Innovation and ~~consists of a secure luggage skin that will protect~~ Entrepreneurship==There is nothing the ~~valuables items carried in~~ University does to encourage Innovation inside the ~~customers bag and will tell him in real-time where his things~~Faculty. </span~~>

~~[[File:Chilltravel.jpg|link=Special:FilePath/Chilltravel.jpg]]~~

~~<div>~~

[[BJORN|BJØRN]] is the first Uruguayan watch design brand in the international market. The project suported by Initum was founded by Alejandro González and Jerónimo Acosta, former students of the Business and Economis School of the UM in response to the high prices of the watch industry, especially focusing on the fact that millennials do not have large revenues for this type of luxury.In March 2017, BJØRN launched its first product through Kickstarter, managing to pre-sell almost US $ 20,000 in 22 different countries.

Their products differ from their competition in large part by their price, but what stands out most is that each watch comes with 2 easily interchangeable meshes, so that its users can use the same watch several times and with multiple outfits, thus having several watches in one. In addition, BJØRN is the first watch brand in the local market to offer a lifetime warranty on all its watches and donates 10% of its revenue to local social projects.</div><div>[[File:Bjorn.png|link=Special:FilePath/Bjorn.png]]                                              </div>

~~==Faculty Innovation and Entrepreneurship==~~

The number of professors and faculty members fostering innovation and entrepreneurship has been growing in the last couple of years.

Furthermore, the University has tried to increase the number of professors with and entrepreneurship background. As example of this, we have the coordinator of the Business Management degree. Her name is Maria Passadore,  former worker of Endeavour and co-creator with Josefina Maisonnave, Initium Director,  of “Pura”. This business is dedicated to the management of boutique hotels of less than 25 rooms. She, has been also working on providing students with useful skills for their future, that is why she has introduced new courses, such as Improvisation Workshops.

In addition, new classrooms have been equipped with moving furniture and prototyping materials in order to create an evironment which promotes innovation.

Last but not least, this year a new departement of Campus Life was created, they manage sports, extra curricular activities, volunteering and every aspect of our lives inside the University. Even though it is very new, it has accomplished many things already such as the creation of new clubs, the Laboral week which consists on a week full of events hosted by companies to better ourselves in the work environment and learn skills for our futures.

~~[[File:Z room.jpg|650x300px|Z room.jpg|link=Special:FilePath/Z_room.jpg]]~~

~~Z-room at the main building~~

Z-room at Engineer Building

~~</div>~~

==University Technology Transfer Function==

<div~~> </div>The UM ~~doesn’t~~ does not have a technology transfer office, but it has a  policy regarding intellectual property. Everything made in the university belongs to it. However as a student you could ask for the intellectual property of a project before starting it. Then you would have to have a meeting and sign some paperwork.</~~span>~~ ~~=University - Industry Collaboration= The university has a wide range of partnerships with different industries and businesses. One of the main reasons for that, are the compulsory internships that each student has to make each summeras a requisite in order to obtain their degree. This gives the students a better picture of reality and forces them to evaluate their career and opportunities, at the same time they gain hands on experience and start forming their work network. Initium has recently develop some entrepreneurship focus internships in different startups. This initiative not only gives the student the opportunity to experience a real work experience but also stimulates innovation and entrepreneurship at the same time. Some classes come together with local companies to develop or find a solution to a real problem. This semester for example in the Lab V course, telematics and computer engineers used their combined skills to find a solution to Mastra’s prepaid card system. [http://mastra.com.uy/ Mastra] is a local bar, pioneer in craft beer in Uruguay. It began as a startup founded by Ing.Wilfredo Camacho, graduate of the Universidad de Montevideo and Alejandro Cardozo. [[File:Mastra.jpg|border|left|650x350px|Mastra.jpg]]</spandiv>

==Facilitating University-Industry Collaboration:==

[[File:Feria Laboral.jpg|thumb|Feria Laboral|link=Special:FilePath/Feria_Laboral.jpg]]

UM gives various tools for students to interact with industries and businesses. One of the ways it does this is by hosting the "Feria Laboral" each year in which the main businesses in the country Connect with students. This opportunity also helps students get internships that are Compulsory in the Bachelor degrees.

In the help of the search of internships the University provides opportunities for students, like in [https://www.um.edu.uy/cinoi CINOI] (Center of Innovation in Industrial Organization) which main Objective is to form a stronger Bond between the university and the business world, and it's visión is to be a pionera Center of Innovation and Applied Research in Industrial Organization in Latin America.

Lastly to help students get internships the university developed its own website called "Portal Laboral" which provides exclusive Job offerings with Partners Companies.

Another way the University helps students connect with Companies is by the I-Lab that is a 3 month long course where students form groups, and each group is assigned a different business with whom it has to work with in Order to find Solutions to the Problem that each business is currently facing. All students learn to make use of the Design Thinking techniques and work together with students from all majors, Both essential aspects regarding innovation.

Wilfredo Camacho, Mastra<div>Another course that aims to give students the tools to find solutions to real problems is I-Lab. This is In 2022 FIUM launched a ~~3 months long~~ course where students form groups, and each group is assigned a different business with whom it has to work with in order to find solutions to the problem that each business is currently facing. All students learn to make use of the Design Thinking techniques and work together with students from all majors, both essential aspects regarding innovation.</div><div> </div><div>[[File:Labs.JPG|border|left|650x300px|Labs.JPG|link=Special:FilePath/Labs.JPG]] </div><div> <span style="font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Josefina Maisonnave- Initium Director</div><div>In some faculties there are research offices that offer students internships by helping professors in their investigations. Let’s take for example the [https://www.linkedin.com/company/15086209?trk=prof-0-ovw-curr_pos CINOI] (Center of Innovation in Industrial Organization). It’s~~ which main ~~objective~~ aim is for Engineers students to ~~form a stronger bond between the university~~ visit Companies and ~~the business world, and it’s vision is to be a pioneer Center of Innovation and Applied Research in Industrial Organization in Latin America~~learn about them while they interact.~~</div>~~=~~Regional~~ Engaging with regional and ~~Local local Economic Developmentefforts=

Latin America has become a breeding ground for new businesses led by young people and it is now the second most enterprising region in the world, according to the World Bank.

Apborraz

2022 Cohort

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