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<h2> Student innovation and entrepreneurship<br /> </h2>
<p>The Florida Institute of Technology is a private research university located in Melbourne, Florida. The university has 5 academic divisions, focusing mainly on engineering, science and mathematics. Over the past year Florida Tech has begun to focus on Innovation and EntreprenuershipEntrepreneurship, bringing in faculty with an I&E background, as well as starting up a student business incubator last year. Currently the student business incubator has 12 student start-ups and is still growing.
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<h2> Faculty innovation and entrepreneurship<br /> </h2>
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<h2> University Technology Transfer Function<br /> </h2>
<p>Florida Tech's University Technology Transfer Function(http://www.fit.edu/research/committees/ipc/) is handled under the umbrella of the office of Research. The current value of Research Sponsored Projects is over $94 million. The number of Florida Tech faculty who serve as principal investigators has also doubled in the last three years to 90—four of which have received prestigious NSF Career Awards. University faculty expended $16.5 million to buy equipment, support students, pay salaries and to cover general expenses. In addition to over a dozen research centers, five new interdisciplinary research institutes were initiated that are the focal point for Florida Tech undergraduate and graduate research. These new research university institutes include: Human Centered Design Institute, Institute for Energy Systems, Institute for Marine Research, Institute for Materials Science & Nanotechnology and Institute for Research on Global Climate Change.
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<h2> University-Industry collaboration<br /> </h2>
<p>Florida Tech has a lot of collaboration with Harris Corporation(http://harris.com) The main collaboration between Harris and the University is the Harris Institute for Assured Information(<http://harris-institute.fit.edu/) The Harris Institute for Assured Information is an interdisciplinary center that focuses on high-risk disruptive work aimed at helping us trust the information that we so often rely on. Founded in 2009 by a grant from Harris Corporation, the Harris Institute brings together computer science, psychology, business and biology to carry out cutting-edge research in computer security. Our goal is lofty: to change the way we think about the information that flows around us, and to help drive a fundamental shift in how we protect it.
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<h2> Regional and local economic development efforts<br /> </h2>
