20
edits
Changes
no edit summary
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. However, CMI and Coulter are looking to from more concrete relations between the OTM, research laboratories, and the department of Bioengineering. We hope to cultivate a perpetual seed funding program to drive future life science innovation and invention.
== University-Industry collaboration <br/> == 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. Rather, Pitt looks to build companies and fund small ventures giving students a more hands on experience. The reasoning for this is quite simple; the University of Pittsburgh has at its disposal UPMC and millions of dollars in research funding. This contributes to a gold mine of market needs and clinical deficiencies. 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. The new age of student-driven entrepreneurship is changing that. Students are working hands-on with clinicians and are bringing small ideas to life, which are leading to larger successes down the road. Many of these ideas start as small projects but turn into start-up companies and small businesses. 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 Department of Bioengineering.
== Regional and local economic development efforts ==