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= Regional and Local Economic Development =
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<span style="font-family:georgia,serif;">Villanova works with '''SBIR''' and '''STTR''' program grants from the government which are, as quoted from the Department of Education, intended to “stimulate technological innovation; increase small business participation in federal research and development; foster and encourage participation by minority and disadvantaged persons in technological innovation; and increase private sector commercialization of technology derived from federal research and development” ([http://www2.ed.gov/programs/sbir/index.html http://www2.ed.gov/programs/sbir/index.html]). The program funds research and helps provide publication and patent opportunities through partnerships between academia and industry.</span>
<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 =
[[Category:University]]
