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= Student Entrepreneurship =
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= Faculty Entrepreneurship =
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<span style="font-family: georgia, serif;"> A number of professors and faculty members, including Edmond Dougherty, collect to form the </span>'''Beyond Ideas Committee'''<span style="font-family: georgia, serif;">. As aforementioned this committee works in tandem with the Villanova Student Entrepreneurship competition. The committee is dedicated to uniting all five of Villanova’s individual colleges through entrepreneurship related events that they hold. This allows graduate law students, engineering students, arts and sciences students, nursing students and business students to unite and use their unique talents to teach each other and collaborate. </span>
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= University Technology Transfer Functions =
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<span style="font-family:georgia,serif;">[[File:Villanovamdl.png|thumb|Multidisciplinary Design LabVillanovamdl.png]]Villanova currently has an '''Office of Sponsored Research Program (OSRP) '''that has potential for expansion'''. '''This program helps students who are looking to patent an idea or license a p</span><span style="font-family: georgia, serif;">roduct. They facilitate the process in accordance with the University policies for intellectual property, and assist in the student’s search for external resources and sponsors.</span>
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<span style="font-family:georgia,serif;">Other resources where students can connect and collaborate include the '''Multidisciplinary Design Lab, '''which has a 3D printer available, and the '''Machine Shop''', </span><span style="font-family: georgia, serif;">which offers a number of machines and materials available </span><span style="font-family: georgia, serif;">for the development of prototypes. Also, the law school library has a meeting environment for students. </span><span style="font-family: georgia, serif;">Villanova plans to use KEEN Foundation grants to create an idea accelerator and a tinkerer’s lab in the future.</span>
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= University-Industry Collaboration =
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<span style="font-family:georgia,serif;">Furthermore, Villanovans unite with companies in a number of different competitions. These competitions are meant to be immersive experiences for smaller groups of students so they can work closely on innovative projects with companies or other universities. One example is the '''Innovation Encounter'''. Held at Lawrence Technological University, this competition hosts student teams of about five people from various schools to solve a problem presented by a different industry sponsor each year. In 2013, Reverie Mattress Company gave students a technical problem they were dealing with, and asked them to come up with innovative solutions to help their company. The idea’s generated by Villanova’s team of four won third place. Another competition is the '''UDM Ford Innovation Competition'''. This is a national competition sponsored by Ford Motor Company and held at the University of Detroit Mercy. In the most recent competition, over 90 teams competed to create the greatest, most innovative ideas for a vehicle interior of the future, and Villanova’s team of four took second place. </span>
</div><p style="text-align: center;">{{#Widget:Youtube|id=LW0VDEuPHr0}}</p><p style="text-align: center;">Example of a Villanova team'svideo entry to Ford Innovation Competition</p>
= Regional and Local Economic Development =
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<span style="font-family:georgia,serif;"> </span><span style="font-family: georgia, serif;">As aforementioned, a number of the clubs on Villanova’s campus that are focused on innovative ideation are fundamentally philanthropic, and these clubs unite with or are a part of different non-profit agencies. This allows for the development of Villanova’s entrepreneurial activity regionally, locally, and even worldwide. This strengthens student’s abilities to face diverse problems, and gives an opportunity for an extensive entrepreneurial education.</span>
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= Conclusion =
<span style="font-family:georgia,serif;">This rapid progression of entrepreneurial development at Villanova continues with no sign of slowing. Within the next few years Villanova hopes to offer an idea accelerator, a pre-capstone experience and tinkerer’s lab, an innovator and artist in residence, an expansion of the OSRP, a relocation for the ICE Center, a Forum for Innovation, Research and Entrepreneurship, additional summer faculty workshops, and more. Villanovans recognize the importance of developing their innovative and creative abilities and look forward to expanding the entrepreneurial offerings available on and off campus.</span>
[[Category:University]]