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NYU - Poly students are ingrained, with a strong sense of innovation and entrepreneurship. Here, we are constantly applying the I2E ("I squared E" - invention, innovation, and entrepreneurship) philosophy in our classrooms, competitions, organizations, workspaces, career development opportunities, and funding.
The premier organizations on campus supporting this ideology are The Entrepreneurship and Innovation Association (EIA) and the Design Tinkering Club (DTC). EIA seeks to create an entrepreneurial ecosystem based on the I2E philosophy by hosting a student-faculty forum to “learn the concepts of entrepreneurship, provide the benefits of self-employment, and the step-by-step path involved in launching and commercializing own ideas.” (EIA Homepage[http://nyupolyeia.org/ [1]EIA Homepage]). Each year they host events, workshops, and challenges such as [http://www.poly.edu/innovention Inno/Vention], [http://riskyideas.com/ Risky Ideas ] and [http://nyupolyeia.org/app-challenge/ App Challenge]. In addition, they are active participants in the [http://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/berkley-center/programs/venture-competitions/index.htm NYU Entrepreneur Challenge].
The Design Tinkering Club, originally the OpenIDEO Student Chapter, uses design thinking processes to cultivate viable solutions for social issues. Each year, DTC champions the [http://www.openideo.com/ OpenIDEO Challenge ] across campus to spark engagement and awareness of the world’s most pressing social issues. In conjunction with NYU-Poly administrators and stakeholders such as NCIIA and NSF, DTC launched The Greenhouse, a collaborative workspace for students and faculty to inspire, ideate, prototype, and share their newest innovations and entrepreneurial ventures. The Greenhouse wants to further educate and cultivate design thinkers through its Youth Cafe, bi-weekly workshops and talks featuring professionals in entrepreneurship and innovation worlds. The [http://www.openideo.com/ Youth Cafe ] gives the NYU community a chance to listen, share, and network with change makers from around the world.
Lastly, NYU-Poly students can learn first hand what it takes to be a working entrepreneur through their Skill-based Program for Incubator Knowledge and Employment (SPIKE). This program aims to support early-stage companies developing in Poly's incubators while simultaneously providing an opportunity for students to learn the skills necessary to find employment after completing their studies ([http://www.poly.edu/SPIKE SPIKE Homepage]). These internships are held at one of the three offices in the [http://www.poly.edu/business/incubators NYU-Poly Incubators]. These spaces are also open to current NYU & NYU-Poly students to work on their own ventures, free of charge. In addition, to career development, NYU-Poly is also a part of the [http://www.nyu.edu/about/university-initiatives/entrepreneurship-at-nyu/accelerate/nyu-summer-launchpad.html NYU Summer LaunchPad], a 10 week summer program for graduating NYU and NYU-Poly student teams to accelerate their new ventures forward.
NYU-Poly students have access to a variety of funds to get their ideas and ventures of the ground, such as the [http://www.nyu.edu/about/university-initiatives/entrepreneurship-at-nyu/fund/nyu-prototyping-fund.html Prototyping Fund ] and the [http://www.nyu.edu/about/university-initiatives/entrepreneurship-at-nyu/fund/innovation-venture-fund.html Innovation Venture ]Fund to name a few. You can find a robust listing [http://www.nyu.edu/about/university-initiatives/entrepreneurship-at-nyu/fund.html here].
== Faculty innovation and entrepreneurship ==
NYU-Poly is the home to the Center for Faculty Innovations in Teaching and Learning (FITL), a faculty-centered enterprise dedicated to the advancement of educational practice. Its mission is to partner with the NYU-Poly community to promote innovative teaching strategies and technologies for learning. FITL was created through a 5-year, $1.92 million Title III Strengthening Institutions grant the US Department of Education awarded NYU-Poly in October 2008. Its objective is to increase NYU-Poly’s reputation as a leader in STEM higher education through extensive faculty training and providing resources to incorporate educational technology within the classroom and curriculum ([http://www.poly.edu/academics/support/fitl FITL Homepage]).
== University technology transfer function ==
Technology transfer at NYU-Poly and NYU is governed through the NYU Office of Industrial Liaison ([http://oil.med.nyu.edu/frontpage NYU OIL]). NYU OIL’s mission is to promote the commercial development of NYU technologies from its Langone Medical Center, Washington Square and NYU-Poly campuses into products to benefit the public, while providing resources to the University to support its research, education, and patient care missions. The Office also facilitates research collaborations between NYU researchers and industry on projects of mutual interest.
NYU OIL actively seeks commercial partners to develop NYU technologies, and works to establish mutually beneficial long-term relationships. Almost 60% of NYU patents have been licensed to companies for development and commercialization. Over the past five years, NYU has ranked first among all U.S. universities in income from technology licensing, which is plowed back into further research. NYU actively promotes entrepreneurship with more than 70 companies created based on NYU technologies. In the most recent published comparative data on technology commercialization activity at U.S. universities, NYU created 87% more new start-up companies per research dollars expended than the national average (NYU OIL).