==Promoting Student Innovation and entrepreneurship==
[[File:Initium.png|thumb|Initium Logo|link=Special:FilePath/Initium.png]]
<span style="font-family: Arial; font-size: 14.6667px; white-space: pre-wrap;">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, </span><span style="background-color: transparent; font-family: Arial; font-size: 11pt; white-space: pre-wrap;">Investment Projects, </span><span style="font-family: Arial; font-size: 14.666666984558105px; white-space: pre-wrap;">Entrepreneurial Initiative or </span><span style="font-family: Arial; font-size: 11pt; white-space: pre-wrap; background-color: transparent;">Creativity and Innovation where students are working in a very interesting project for the women's Prison of Montevideo.</span>
<span style="font-family: Arial; font-size: 14.6667px; white-space: pre-wrap;">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, </span><span style="background-color: transparent; font-family: Arial; font-size: 11pt; white-space: pre-wrap;">Investment Projects, </span><span style="font-family: Arial; font-size: 14.666666984558105px; white-space: pre-wrap;">Entrepreneurial Initiative or </span><span style="font-family: Arial; font-size: 11pt; white-space: pre-wrap; background-color: transparent;">Creativity and Innovation where students are working in a very interesting project for the women's Prison of Montevideo.</span>
[[File:Logo INITIUM.jpg|thumb]]
Some succesfull entrepreneurship stories that originated with the help of INITUM are the following:
[https://glamst.com GlamST] started in 2009 when Agustina Sartori and Carolina Bañales, two telematic Engineers, decided to innovase in the Beauty and Cosmetics area. 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.
<span style="font-size:medium;"><span id="docs-internal-guid-91110eb2-b99f-09bc-5342-55512aba2428"><span style="font-family: Arial; color: rgb(102, 102, 102); vertical-align: baseline; white-space: pre-wrap;"><span style="font-family:verdana,geneva,sans-serif;">Social entrepreneurship is also something that is being fostered at UM. Valentina Quagliotti was one of the first entrepr</span>eneurs in Uruguay to combine a business model with a social cause when she found [[Iuski]], a social video production startup. She also was the first Director of [[SocialLab]], a latin american pre incubator for social ventures.</span></span></span>
<span style="font-size[https:medium;"><span id="docs-internal-guid-91110eb2-b99f-09bc-5342-55512aba2428"><span style="font-family: Arial; color: rgb(102//www.1087.com.uy 1087] is a company that sells Solidaridad shampoos with cero Plastic packaging. Additionally, 102, 102); vertical-align: baseline; white-space: pre-wrap;">Not everybody succeed at first attempt, that is why Ignacio Menafra started [[Wanna]] an e-commerce portal and his fourth venturethey want to incorporate Big Data in the formula making as a way to find the best combination of products for each hair Type.</span></span></span>
<span style="font-size:medium;"><span id="docs-internal-guid-471b904d-232b-0123-a690-7f365b691711"><span style="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;">Recently, another startup created by a Jeronimo Acosta, has been growing exponentially. His business is called <u>[[ChillTravel|ChillTravel]]</u></span></span><span style="background-color: transparent; font-family: Arial; color: rgb(102, 102, 102); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">, </span><span style="background-color: transparent; font-family: Arial; color: rgb(102, 102, 102); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">and consists of a secure luggage skin that will protect the valuables items carried in the customers bag and will tell him in real-time where his things.</span></span>
[[Filehttps:Chilltravel//chilltravel.co ChillTravel] is a startup created by Jeronimo Acosta and has been growing exponentially, and solves the Problem of Lost luggage and protects all your valuadle items.jpg|link==Encouraging faculty Innovation and Entrepreneurship==Special:FilePathThere is nothing the University does to encourage Innovation inside the Faculty.<br /Chilltravel.jpg]]>
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<span style="font-size:medium;"><span style="color:#696969;"><span style="font-family:verdana,geneva,sans-serif;"><span style="-webkit-font-kerning: none;">[[BJORN|BJØRN]] </span></span></span><span style="color:#696969;"><span style="font-family:verdana,geneva,sans-serif;"><span style="-webkit-font-kerning: none;">is the first Uruguayan watch design brand in the international market. The project suported by Initum was founded by </span><span style="font-kerning: none">Alejandro González and Jerónimo Acosta, former students of the Business and Economis School of the UM </span><span style="-webkit-font-kerning: none;">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.</span></span></span></span>
<span style="font-size:medium;"><span style="color:#696969;"><span style="font-family:verdana,geneva,sans-serif;"><span style="font-kerning: none">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.</span></span></span></span></div><div><span style="font-kerning: none">[[File:Bjorn.png|link=Special:FilePath/Bjorn.png]] </span></div>
==Faculty Innovation and Entrepreneurship==
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==University Technology Transfer Function==
<div><br /></div><span style="color: rgb(102, 102, 102); font-family: Arial; font-size: 14.6667px; white-space: pre-wrap;">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> =<span style="font-size:large;">University - Industry Collaboration</span>= <span id="docs-internal-guid-779cc858-b9b4-02b2-9360-4c48e60ec4e9"><span style="font-size: 14.6667px; font-family: Arial; color: rgb(102, 102, 102); vertical-align: baseline; white-space: pre-wrap;">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 summer</span></span><span style="background-color: transparent; color: rgb(102, 102, 102); font-family: Arial; font-size: 11pt; white-space: pre-wrap;">as a requisite in order to obtain their degree</span><span style="color: rgb(102, 102, 102); font-family: Arial; font-size: 14.6667px; white-space: pre-wrap;">. This gives the students a better picture of reality and forces them to evaluate their career and opportunities, </span><span style="background-color: transparent; color: rgb(102, 102, 102); font-family: Arial; font-size: 11pt; white-space: pre-wrap;">at the same time they gain hands on experience and start forming their work network.</span> <span id="docs-internal-guid-779cc858-b9b4-02b2-9360-4c48e60ec4e9"><span style="font-size: 14.6667px; font-family: Arial; color: rgb(102, 102, 102); vertical-align: baseline; white-space: pre-wrap;">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.</span></span> <span id="docs-internal-guid-779cc858-b9b4-02b2-9360-4c48e60ec4e9"><span style="font-size: 14.6667px; font-family: Arial; color: rgb(102, 102, 102); vertical-align: baseline; white-space: pre-wrap;">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] </span><span style="font-size: 14.6667px; font-family: Arial; color: rgb(102, 102, 102); vertical-align: baseline; white-space: pre-wrap;">is a local bar, pioneer in craft beer in Uruguay. It began as a startup founded by Ing.Wilfredo Camacho, graduate of the </span><span style="font-size: 14.6667px; font-family: Arial; color: rgb(102, 102, 102); font-style: italic; vertical-align: baseline; white-space: pre-wrap;">Universidad de Montevideo</span><span style="font-size: 14.6667px; font-family: Arial; color: rgb(102, 102, 102); vertical-align: baseline; white-space: pre-wrap;"> and Alejandro Cardozo.</span></span> <span><span style="font-size: 14.6667px; font-family: Arial; color: rgb(102, 102, 102); vertical-align: baseline; white-space: pre-wrap;">[[File:Mastra.jpg|border|left|650x350px|Mastra.jpg]]</span></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.
<span style="font-size:smaller;"><span style="background-color: transparent; color: rgb(102, 102, 102); font-family: Arial; font-style: italic; white-space: pre-wrap;">Wilfredo Camacho, Mastra</span></span><div><span style="background-color: transparent; color: rgb(102, 102, 102); font-family: Arial; font-size: 11pt; white-space: pre-wrap;">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.</span></div><div><br /></div><div>[[File:Labs.JPG|border|left|650x300px|Labs.JPG|link=Special:FilePath/Labs.JPG]]<br /></div><div><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><span style="font-size:smaller;"><span id="docs-internal-guid-471b904d-233a-c264-f912-32070a6ccb99"><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</span></span></span></div><div><span style="color: rgb(102, 102, 102); font-family: Arial; font-size: 14.6667px; white-space: pre-wrap;">In some faculties there are research offices that offer students internships by helping professors in their investigations. Let’s take for example the </span>[https://www.linkedin.com/company/15086209?trk=prof-0-ovw-curr_pos CINOI] <span style=tittled "color: rgb(102, 102, 102); font-family: Arial; font-size: 14.6667px; white-space: pre-wrap;Explorando el Mundo Empresarial">(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 Americalearn about them while they interact.</span></div>=Regional Engaging with regional and Local local Economic Developmentefforts=
<span id="docs-internal-guid-91110eb2-b9e6-9d0d-bff3-b1a96e4173eb"><span style="font-size: 14.6667px; font-family: Arial; vertical-align: baseline; white-space: pre-wrap;">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.</span></span>