- 1 Northwestern University
- 2 Promoting Student Innovation and Entrepreneurship
- 3 Encouraging Faculty Innovation and Entrepreneurship
- 4 Actively Supporting the University Technology Transfer
- 5 Facilitating University-Industry Collaboration
- 6 Engaging with Regional and Local Economic Development Efforts
- 7 Landscape Canvas
- 8 Related Links
Promoting Student Innovation and Entrepreneurship
Encouraging Faculty Innovation and Entrepreneurship
Faculty innovation has been a huge priority and success for the university. Northwestern was recently ranked the sixth most innovative university in the world by Reuters for its success with research and patenting of research. Numerous faculty research results have been successfully commercialized, especially in the energy and healthcare sectors. The University continues to promote faculty entrepreneurship, especially when they are creating companies around their research and gives them plenty of resources, as well as help with IP, to help them succeed.
Actively Supporting the University Technology Transfer
The Innovation and New Ventures Office (INVO) oversees the tech transfer process. They are highly focused on commercialization for use and recognize the importance of startup in both the economy and tech development and commercialization process. Furthermore, in collaboration with other campus stakeholders, INVO will license technology to students for the use in startups in the Farley Center’s NUvention classes, which provide students with hands on experience starting an early stage startup.
Facilitating University-Industry Collaboration
Northwestern works very closely with industry both from the perspective of research and education. Within the entrepreneurship programs, there is a close connection to partners in the Chicago entrepreneurship scene and many of the lecturers for the classes come from outside the University. Additionally, there are ample mentorship opportunities for students from entrepreneurs in residence and from community partners.
Engaging with Regional and Local Economic Development Efforts
Northwestern has always sought to engage in development efforts in the Evanston community and recently has sought to play a role in the economic development of the Chicago and Midwest entrepreneurial ecosystems. Through its partnership with 1871 and others in the Chicago and Midwest ecosystems, Northwestern has become a major producer of both talent and technology for these ecosystems and has helped them to grow rapidly over the past few years.
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