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<span id="docs-internal-guid-69774ec0-2e5d-5abf-a9a6-2ae9ba54ca89"><span style="font-family: Arial; vertical-align: baseline; white-space: pre-wrap;">The Office of Technology and Management at the University of Pittsburgh is responsible for disclosing and managing all innovations and inventions. &nbsp;The process one follows to acquire intellectual property is as follows:</span></span>

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<span id="docs-internal-guid-69774ec0-2e5d-5abf-a9a6-2ae9ba54ca89"><span style="font-family: Arial; vertical-align: baseline; white-space: pre-wrap;">At this point Pitt is new to the entrepreneurial world so the majority of effort in patenting the life science innovations and inventions has been through CMI and Coulter. &nbsp;However, CMI and Coulter are looking to from more concrete relations between the OTM, research laboratories, and the department of Bioengineering. &nbsp;We hope to cultivate a perpetual seed funding program to drive future life science innovation and invention.</span></span>

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= University-Industry Collaboration<br/> =

<span id="docs-internal-guid-69774ec0-2e5d-aa25-b69b-a97fbdc0ce62"><span style="font-family: Arial; vertical-align: baseline; white-space: pre-wrap;">The University of Pittsburgh, at this point, does not have strong ties with large industry to provide students an arena in which to practice entrepreneurship. &nbsp;Rather, Pitt looks to build companies and fund small ventures giving students a more hands on experience. &nbsp;The reasoning for this is quite simple; the University of Pittsburgh has at its disposal UPMC and millions of dollars in research funding. &nbsp;This contributes to a gold mine of market needs and clinical deficiencies. &nbsp;Pitt’s major downfall is its lack of collaboration, until recently the departments did not work together to take advantage of these potential products and businesses. &nbsp;The new age of student-driven entrepreneurship is changing that. &nbsp;</span><span style="font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">Student organizations, like Design Hub, pair student composed design teams with physicians at UPMC to help prototype products that physicians see a need for</span><span style="font-family: Arial; color: rgb(0, 0, 255); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">.</span><span style="font-family: Arial; vertical-align: baseline; white-space: pre-wrap;">Students are working hands-on with clinicians and are bringing small ideas to life, which are leading to larger successes down the road. &nbsp;Many of these ideas start as small projects but turn into start-up companies and small businesses. &nbsp;The bottom line is industry collaboration is not necessary to make entrepreneurs at Pitt successful, better collaboration between departments will lead to a booming age of entrepreneurial partnership between UPMC and the rest of the university.</span></span>

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= Regional and Local Economic Development Efforts =

<div>The City of Pittsburgh is, perhaps, one of the quickest and most vibrantly emerging entrepreneurial landscapes in the country. Pittsburgh is well known for low labor costs and having strong student graduates (36,000 annually from 36 colleges and universities). Further $3 billion is invested in R&D per year and Pittsburgh is located within 500 miles of half of U.S. power buyers. Fun fact: The Economist named Pittsburgh “Most Livable Place in the Continental U.S.” for two consecutive years.</div><div><br/></div><div>Important entrepreneurial developments in Pittsburgh include:</div>

*Thrill Mill- a non-profit organization that hosts business plan competitions an incubator space, and great networking opportunities for budding entrepreneurs.

*Startup Weekend Pittsburgh began in 2012, following the national movement,, allowing anyone to pitch their startup idea and receive feedback from their peers.&nbsp;

= Landscape Canvas =

[[Jennifer Sommer]]

Harinee Suthakar