Grants Reward Universities for Creative Approaches to Commercialization
Three universities – Carnegie Mellon University, University of Missouri System and University of North Carolina at Chapel Hill – are this year’s "Kauffman Commercialization Leaders." This $100,000 grant award recognizes the universities’ creative approaches to help accelerate the process of bringing student and faculty innovations to market.
The programs developed by the Kauffman Commercialization Leaders include:
Carnegie Mellon University
The Project Olympus Commercialization Fellows Program will create a cadre of students who will graduate with skills to move their research ideas from the university to the marketplace. Olympus staff will provide fellows with structured business guidance, incubator space, and connections and visibility through Olympus’ networks and events. Fellows will take entrepreneurially oriented courses during their fellowship year on topics including venture capital, business planning and business law.
University of Missouri System
The Student Ownership Rights in Intellectual Property initiative encourages student entrepreneurship and technology commercialization by giving students ownership of their intellectual property. Students may own any copyrightable or patentable works made during their enrollment as a student of the University and will not be required to assign his or her ownership to the University.
University of North Carolina at Chapel Hill
The Innovation Fellowship Program will provide technical expertise to UNC startup companies. The program will help launch and grow early stage university startups as well as build entrepreneurial talent for the Research Triangle Park region by funding two-year Innovation Fellows to work with fledgling companies.
"These universities exhibit a strong commitment to bringing the innovations developed on campuses into the commercial marketplace, which benefits society and ultimately enhances economic growth," said Carl J. Schramm, Kauffman Foundation president and CEO.
Because university-based research plays a central role in the innovation process, the Kauffman Foundation, dedicated to advancing entrepreneurship and innovation, has been working to identify and remove barriers that inhibit the flow of discoveries into the marketplace. To learn more about the Foundation’s work to find and advance solutions to barriers to the transformation of knowledge into products and services that improve the way we live, click here.