Changes

← Older edit

School:Georgia Institute of Technology

34,667 bytes added, 3 years ago

no edit summary

= 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. 

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 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/~~presentation~~spreadsheets/d/~~1FdeurpjypjVfQEM8I6c71komCnjwX0CkeijiY~~13vMBxhUjq3eFB8fDV7iE9fPZbss0PuwveCds26xx5c4/edit#gid=0 GT 2017 FALL -~~AeVMg~~ https://docs.google.com/spreadsheets/d/1ne5M0NIz3XVB7avKgPQtbU0wJ8IOrMpCoWQnDn1hk2s/edit#~~slide~~gid=id0 GT 2019 - https://docs.google.~~gded0dd295_2_14]~~com/spreadsheets/d/1BWvsP2skudgm7ZPcjMANeHtkxR1a1CDodo0SLPT5YJU/edit?usp=sharing

GT 2020 - https://docs.google.com/spreadsheets/d/1kAIpi64teovh21BifYHi2yFPYxVBksonLrX5t55SkPo/edit#gid=1 GT 2022 - https://docs.google.com/spreadsheets/d/1qhXH7uPgBev0WfqrIR6x8NPIPThtWlNtbPVkFQ4_Ls0/edit?usp=sharing = 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:

*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.”

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~~<brspan style="font-size: 21pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">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:

<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>

<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>

*'''Georgia Tech Invention Studio '''<span style="font-size: 11pt; font-family: Arial; color: rgb(51102, 51102, 51102); background-color: transparent; font-variant-numeric: normal; font-~~family~~variant-east-asian: ~~'Lucida Grande', Arial, Helvetica, sans~~normal; vertical-~~serif~~align: baseline; ~~line~~white-~~height~~space: ~~18px~~pre-wrap;">— ~~student~~<ul style="margin-top:0;margin-bottom:0;"><li>[https://inventureprize. ~~It is staffed by University Lab Instructors, student volunteers who are on hand to train new students on machines and help with invention prototypes~~gatech.~~The space <~~edu/~~span>~~<span style="font-size: 11pt; color: rgb(5117, 5185, 51204); background-color: transparent; font-~~family~~variant-numeric: ~~'Lucida Grande', Arial, Helvetica, sans~~normal; font-variant-east-~~serif~~asian: normal; text-decoration-line: underline; text-decoration-~~height~~skip-ink: ~~18px~~none; vertical-align: baseline; white-space: pre-wrap;">~~provides resources for designing, prototyping, and sharing ideas through workshops, vendor networks, experienced guidance, and access to cutting edge machines.~~InVenture™ Prize]<~~div~~span style="font-size: 11pt; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">—<br/span><~~/div><div> </div>~~*'''Georgia Tech Integrated Program for Startups, GTspan style="font-size: 11pt; background-color: transparent; font-variant-numeric:~~IPS''' — An initiative that supports faculty and student inventor~~normal; font-variant-east-~~entrepreneurs through two components~~asian: ~~'''''GT~~normal; vertical-align:~~IPS Facilitation''''', a graduated program of support, information, and education for new company founders~~baseline; ~~and '''''GT~~white-space:~~IPS License'''''~~pre-wrap;">An annual competition that inspires undergraduate teams to create inventions that will be judged by experts for more than $30, ~~which offers the same terms to all~~ 000 in cash prizes from Georgia Tech ~~startups in the same field~~ and ~~provides them with transparency into Georgia Tech Research Corporation’s (~~sponsoring corporations. First and second place winners receive patent filings funded by GTRC~~) licensing processes~~, 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>

*'''InVenture™ Prize <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 ~~that inspires undergraduate teams to create inventions that will be judged~~ , held by ~~experts~~ 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 $30570,000 in cash ~~prizes from Georgia Tech and sponsoring corporations. First~~ and ~~second place winners receive patent filings funded by GTRC~~services, and ~~in March 2011~~each year several teams launch companies to take their product concepts to market. To date, ~~a “People’s Choice” award was sponsored by NCR Corporation~~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>

*'''TI <ul style="margin-top:0;margin-bottom:0;"><li>[https://create-x.gatech.edu/ <span style="font-size: 11pt; color:~~GER'''~~ 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]— ~~An award-winning~~ A GT program founded in the summer of 2015 that offers student teams $20,000 and ~~partnership between~~ 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 ~~Emory University School~~ empower them to launch real startups. The broader goal of ~~Law that brings together PhD~~this initiative is to provide the knowledge, skills, ~~MBA~~abilities, and ~~law students~~ experiences that will give Georgia Tech graduates the confidence to ~~experience the challenges of commercializing innovative technologies~~create their own future and confidently pursue entrepreneurial opportunities.</li></ul> <ul style="margin-top:0;margin-bottom:0;"><li>[http://www.startup. ~~Now approaching its 10th anniversary in 2012~~exchange/ <span style="font-size: 11pt; color: rgb(17, 85, TI204); background-color: transparent; font-variant-numeric:~~GER~~ 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 ~~expanding~~ a student run organization that meets weekly, and organizes huddles and meetups with other student entrepreneurs, students looking to ~~global entrepreneurship~~ be entrepreneurs and ~~has become an established part of~~ successful entrepreneurs from the ~~entrepreneurial education of graduate students on both campuses~~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>

*'''Business Plan Competition''' — An annual competition, now in its 11<~~sup~~span id="docs-internal-guid-524685bd-7fff-faec-c63b-b01fb01e65c1">th </~~sup~~span><ul style="margin-top:0;margin-bottom:0;"><li> ~~year~~[http://www.cic.gatech.edu/ <span style="font-size: 11pt; color: rgb(17, ~~held~~ 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 ~~Scheller College of Business and the Institute for Leadership and Entrepreneurship~~ GT RNOC every semester, to foster ~~entrepreneurship among Georgia Tech students and recent alumni. Since its inception, more than 650 participants have received approximately $570,000~~ innovation in ~~cash and services~~specific areas of technology, like telecommunications 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~~transport. </li></ul>

*~~'''Ideas to SERVE~~ [http://designcollaborative.gatech.edu/ <span style="font-size: 11pt; color: rgb(~~I2S)''' — An annual competition of ideas where creativity~~17, ~~imagination~~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 ~~the use of technology~~ prototyping space that emphasizes design thinking through design behavior. The 5 tenants that students are taught 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~~Empathy, Rapid Iteration, ~~I2S has quickly grown into a separate event~~Contextual Awareness, ~~contributing to Georgia Tech’s portfolio of programs that foster entrepreneurship. I2S is open to Georgia Tech students~~ Entrepreneurial Spirit and ~~recent alumni~~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.

*'''Georgia Tech Starter '''— =The world’s first peer~~21pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-~~reviewed, universityspace: pre-based crowdfunding platform for science and engineering projects. It is a platform for students, scientists, and engineers to engage directly with the world wide community, and to receive market feedback on their projects. GaTechStarter is also an experiment to see if the world is ready for a more active role in the scientific process.&nbspwrap;">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.

*'''Startup Summer '''— A GT program that offers student teams $20,000 and mentorship over the summer to pursue their startup with a full time commitment. This program is entering its second year with the summer of 2016.

*[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.

*~~'''Startup Semester '''— This~~ [https://grandchallenges.gatech.edu/content/course-information GT 1201 - Exploring Grand Challenges] - The course is comprised of a ~~student run program conducted during~~ series of problems that are issued throughout the semester~~, and aims to provide entrepreneurship education, guidance, and mentorship to students with ideas, and~~ instead of a ~~motivation to pursue them~~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.

*'''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.

*[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.

*~~'''Idea~~ [https://id.gatech.edu/our-work/launchpad/make-10 ID 3803 - Make 10] - Students are challenged to ~~Prototype''' - This is~~ design a ~~GT run program that offers course credit, research grants~~ product for production. They manufacture and ~~faculty mentorship to student teams that want to pursue~~ sell 10 units of their ~~idea and turn it into an actual~~ product~~, over a period of 1-2 semesters~~.

=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:

<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>

*'''MIS Business Plan Competition''' <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 ~~business plan competition organized every semester,~~ public-private partnership that prepares students to extend your focus beyond the laboratory by broadening the ~~new Management Information Systems club at GT~~impact of select, NSF-funded basic-research projects. It   The primary goal of I-Corps is ~~judged~~ to foster entrepreneurship that will lead to the commercialization of technology that has been supported by ~~industry professionals from companies like Bank of America and Deloitte~~NSF-funded research.</li></ul>

<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>

<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>

*'''3 Day Startup''' <span style="font- ~~This is a traditiional 3~~size: 11pt; background-~~day startup initiative at GT, organized every semester. Students and professionals (selected through an application) get together and try to build a business in 72 hours.~~color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">

=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.

*'''Global Social Venture Challenge''' <span style="font- ~~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.~~size: 11pt; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">

*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.

*~~'''Convergence Innovation Competition'''~~ <span id="docs- ~~This is a technology innovation competition organized by the GT RNOC every semester, in to foster innovation in specific areas of technology, like telecommunications and transport.~~ internal-guid-11ab543d-7fff-ab89-5515-73e21ca458a9">Georgia Tech Edison Fund — The [~~http~~https://~~cic~~innovate.gatech.edu/ ~~http~~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</~~/cic~~span>] is a source for modest investments into early-stage technology startups that have a strong connection to Georgia Tech.~~gatech~~This fund makes use of targeted charitable contributions from Georgia Tech alumni and friends.~~edu~~</]span>

~~= Faculty Entrepreneurship =~~

~~Georgia Tech has several awards~~ *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 ~~programs~~ a passion for responding to ~~incentivize faculty to mentor graduate students~~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 ~~themselves~~accelerator, but rather a rigorous management and education program that works closely with founders to ~~pursue innovative research and entrepreneurial ideas~~create companies. ~~These include:~~

*'''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.

*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.

*'''The Georgia Tech Fund for Innovation in Research and Education (GT FIRE)''' — A program that facilitates planning for large extramural proposals — those of strategic value to the Institute that have more than $500,000 in direct costs per year—and provides support for feasibility studies of transformative ideas in research and/or education. This past spring, faculty submitted 42 transformative proposals, from which three research-related ideas and four education-related ideas were selected for funding.

*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.

*'''The Georgia Tech Research Corporation (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.

~~ ~~=University-Industry Collaboration=

*~~'''Georgia Tech VentureLab''' — A one~~University-~~stop~~Industry Demonstration Partnership ([https://uidp.org/ <span style="font-~~shop providing comprehensive assistance to faculty~~size: 11pt; color: rgb(17, ~~research staff~~85, ~~and&nbsp~~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 ~~take their technology innovations from the laboratory~~ demonstrate innovative approaches to ~~the commercial market. VentureLab specialists help these innovators “start up” by assisting in business plan development, connecting them~~ research engagement and improve relationships with ~~experienced entrepreneurs,~~ private industry for research and ~~locating sources~~ commercialization of ~~early-stage financing, including seed grants from~~ inventions. Georgia Tech has been a member and active participant since the ~~Georgia Research Alliance~~UIDP was founded in 2005. The ~~program has fostered~~recently published Researcher Guide, ~~on average~~a collaborative effort of UIDP university and industry members, ~~one new spinout each month over the last three years~~provides information for university and company scientists and engineers who wish to engage in sponsored or collaborative research.

~~&nbsp~~<span style="font-size: 11pt; background-color: transparent; font-variant-numeric: normal; *'''Georgia Tech Edison Fund — '''A source for modest investments into earlyfont-variant-east-~~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 &nbspasian: normal;~~—&nbsp~~vertical-align: baseline;'''Flashpoint creates better startups, faster, welcoming committed founders with domain knowledge and a passoin 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 classfified as an incubator nor accelerator, but rather a rigorous management and education program that works closely with founders to creat companies. ~~= University~~white-~~Industry Collaboration =~~ *'''Universityspace: pre-Industry Demonstration Partnership (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. ~~&nbsp~~wrap;">

*~~'''~~<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 ~~Collaborations and Affiliated Licenses~~ 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 $23.3 35 billion economic impact during the fiscal year ~~2011~~2018, the highest of any institution in the University System of Georgia (USG). The study also found that Georgia Tech generated 1827,~~640~~ 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 ~~others~~ other ways, including:

*Research partnerships with business and industry in the state of Georgia and throughout the Southeast;

During fiscal year ~~2011~~ 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 ~~219 Georgia Tech~~ 235 GT faculty member research innovations ~~and helped form 17 new~~ *Served 505 technology startup companies ~~based on this intellectual property, which attracted nearly~~ *Assisted 96 minority entrepreneurs resulting in $~~100~~ 93 million in ~~investment;~~new contracts, sales, and financing*Helped ~~manufacturing companies reduce~~ Georgia Manufacturers slash operating costs by $35 40 million, *Helped Georgia Manufacturers increase sales by $~~191~~ 219 million*Served 1, ~~and~~ 440 Georgia manufacturing companies*Helped create or save ~~950~~ 1,910 manufacturing jobs through the Georgia Manufacturing Extension Partnership program, a program funded by the National Institute of Standards and Technology Manufacturing Extension Partnership, the state of Georgia, and industry clients;*Assisted 493 start-up technology companies through the Advanced Technology Development Center. These companies attracted nearly $100 million in venture capital investment and mergers/acquisitions; and

*Helped Georgia companies win $492 million in government contracts, creating an estimated 9,843 jobs through the Georgia Tech Procurement Assistance Center. 

~~ ~~=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?

*Is innovation an integral part of Georgia Tech’s institutional culture?

**How can Georgia Tech's focus be shifted more towards innovation?

**Is it possible to do the same for entrepreneurship?

*Why is it important? And how does it influence 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?

~~<ul style="margin-left: 40px; list-style-type: circle;">~~

~~<li>Why, or why not?</li>~~

~~</ul>~~

*Are there any unique successes (and or challenges) you may wish to highlight?

*What can be done to alter the student and faculty mindset on campus, to make it more entrepreneurial in its entirety?

*Since GT is so industry focused, how can that 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 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!

----

4Comments By Jilda D. Garton, Vice Provost for Research, General Manager, GTRC and GTARC

</div></div><div>

----

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 2022:

[[Fellow:Jemma Siegel|Jemma Siegel]]

[[Fellow:Junzhe Yan|Junzhe Yan]]

[[Fellow:Yixiao Zhang|Yixiao Zhang]]

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]]

<brspan style="font-size:small;">Fall 2017:~~Source~~ [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: ~~"The Innovative and Entrepreneurial University~~//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: ~~Higher Education, Innovation & Entrepreneurship in Focus", Department of Commerce, October 2013~~//universityinnovation.org/wiki/Kshitij_Kulkarni Kshitij Kulkarni]<[http://universityinnovation.org/~~div><~~wiki/~~div>~~Arshiya_Lal Arshiya Lal]

~~= Related Links =~~Fall 2015:

[~~[Georgia Institute of Technology Student Priorities|Georgia Tech Student Priorities]~~http://universityinnovation.org/wiki/Utkarsh_Garg Utkarsh Garg]

~~[[Megna Saha|Megna Saha]]~~Spring 2014:

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

[~~[Rachel Ford|Rachel Ford]~~http://universityinnovation.org/wiki/Megna_Saha Megna Saha]

[~~[Utkarsh Garg|Utkarsh Garg~~http://universityinnovation.org/wiki/Rachel_Ford Rachel Ford]~~] ~~

[[Category:~~Deep Dives|Deep_Dives~~Universities]][[Category:Schools]]~~ ~~[[Category:~~Universities~~Georgia_Institute_of_Technology]]{{CatTree|Georgia_Institute_of_Technology}}

Jzyansh

2022 Cohort

15

edits