School:University of Virginia
Contents
Student Innovation and Entrepreneurship
Virginia Venture Fund:
The Virginia Venture Fund is a student administered investment fund with the sole purpose to fund and mentor UVA student started business. They usually have $50,000 to $100,000 dollars to use for funding. Students who participate in the fund learn venture fund analysis techniques first hand, work with local venture funds to do due diligence and host Shark Tank events.
Faculty Innovation and Entrepreneurship
University Technology Transfer Function
Licensing & Ventures Group
The Licensing & Ventures Group researches patents, new inventions and discoveries in order to help faculty (and sometimes students) to bring their products to the marketplace through licenses with industry, new venture formation, and other available pathways. Faculty recieve 35% royalty from their inventions developed with significant UVA resources. They list all UVA inventions and discoveries available for licensing throughflintbox.
University-Industry Collaboration
Regional and Local Economic Development Efforts
Tom Tom Founders Festival
The Tom Tom Founder’s Festival (TTFF) is an annual event in Charlottesville that makes the entire city aware of innovative works in areas ranging from technology to food. TTFF connects people and new ideas to the future as various disciplines such as art, music, science, entrepreneurship, and design fuse together in this festival. This movement is representative of the innovation that takes place in Charlottesville and coincides with increasing activity of entrepreneurship and startups.
