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<span id="docs-internal-guid-a77508aa-3f11-388d-1196-9f1a9b7e0258"><span style="font-size: 13.3333px; font-family: Arial; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">The Office of Economic Innovation and Partnerships (OEIP) plays a significant role in assisting faculty members with innovation. Faculty members are allowed to take a day every week to work on their own ideas, which could potentially lead to product innovation, a startup or a licensing opportunity. OEIP also provides assistance with training related to SBIR (Small Business Innovation Research) and STTR (Small Business Technology Transfer) grant application process. OEIP is working on making their online interface easier for faculty members to navigate.</span></span>
<span id="docs-internal-guid-a77508aa-3f11-388d-1196-9f1a9b7e0258"><span style="font-size: 13.3333px; font-family: Arial; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">Faculty members are excited and passionate about innovation, but do need assistance when it comes to exploring the commercial viability of an idea or a product. Besides OEIP, the University of Delaware [https://library .udel.edu/ Morris Library] offers access to latest data related to industry research, marketing research and small business and entrepreneurship. This resource is useful to evaluate the viability of an idea.</span></span>
<span id="docs-internal-guid-a77508aa-3f11-388d-1196-9f1a9b7e0258"><span style="font-size: 13.3333px; font-family: Arial; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">Faculty members are also encouraged to present their ideas and prototypes during the “Entrepreneurship and Risk: Meeting the Challenges” course (listed as MSEG 425). The course is attended by a group of engineering and business majors who develop a business plan for the faculty members to pursue it further.</span></span>