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School:Universidad de los Andes

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The Universidad de Los Andes is currently working on developing a strong Technology Transfer Office. At the moment, the university relies on the Office for Technology and Knowledge Transfer (OTTC, for its initials in Spanish) to carry out the functions of an institution with this reason of being. The OTTC currently encourages the members of the university to create patents, work with outside businesses with which the university holds alliances, and interact with non-profits and other organizations, in order to commercialize the different creations of the university’s student community’s leaders.Unfortunately, most of the students have not been exposed to its dynamics and even its purpose, mostly because not everyone is interested in using this resource. Therefore, there is a lack of information regarding its existence. It is of great importance for the University to improve the reach and the acceptance of this program within the University environment.<div>

== '''Facilitating University-Industry Collaboration''' ==

Many programs at Universidad de Los Andes have established strategic alliances with different key partners in the industry. These alliances have proved to be really effective, since they have paved the way for hand-in-hand work between the University and the industry. Students are also encouraged to take part in these projects since by taking parts of  research groups of their pertaining major.There are also some student-created spaces that serve the same purpose. Despega Colombia, mentioned above, is a perfect example of these partnerships since it’s a hybrid between an entrepreneurship accelerator and incentivates real-life competition. This is a prime example of how students and faculty may start weaving bonds with the industry, recognizing the mutual benefits that ensue from such collaborations.<div>== Engaging with regional and local economic development efforts ==Analyzing the contact between the University and both the regional and local communities is key to understanding just how important the institution’s efforts are in kindling economic development. Many social, cultural and political issues are constantly debated by the University’s top academics and the students of the postgraduate programs. These think-tanks have proven an ample spectrum of characteristics. For example, the Industrial Engineering department has the “COPA” lab, oriented to technical problem solving, while the Politics Observatory of the Governmental Issues’ School, dedicated its time to social issues.Another relevant example is the “Progresa Fenicia” Project. The Fenicia initiative aims to revitalize the community neighboring the campus by responding to the challenge of an urban transformation and engaging students in activities that generate positive externalities on the Fenicia neighborhood inhabitants, such as revamping the local economy while bearing in mind their interests.<br/span></~~div~~span></~~div~~p><div> </div></div>

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