Innovation to Enterprise Faculty Support
The Innovation to Enterprise Initiatives launched in 2011 to support the research commercialization efforts of faculty at the IUPUI campus. This research commercialization process aims to take the research and creative endeavors of faculty, staff and students, facilitating application in the community at large. From this perspective, technology transfer is an aspect of community engagement. The translation of faculty research efforts into a product or new venture requires faculty to understand complex issues related to intellectual property, investment capital, regulatory issues, and other legal or operational aspects of running a business.
Faculty may schedule a consultation related to their research program, or to request special workshops or departmental events. Click here for more information or to request a meeting.
Funding Opportunities for Research Commercialization and Economic Success (FORCES)
The FORCES program supports IUPUI researchers in the successful transformation of their research findings into commercially viable outcomes. The key goals of FORCES are to support: 1) The realization of short-term projects that will enhance commercial value of IUPUI intellectual property assets, by facilitating commercialization of inventions, technologies, or other intellectual property derived from existing research projects 2) Development of research initiatives that show great promise for commercialization of the research outcome. Proposals must include endorsement from IURTC along with documentation of the pending patent, copyright, or other proposed intellectual property strategy.
Student Supported Programs
As a faculty member, we want you to encourage your students, regardless of major, to pursue entrepreneurship. This gives you the perfect opportunity to develop a unique mentoring relationship with your students. Students participate in market-focused projects to support faculty pursuing their entrepreneurial ventures. This in turn, greatly enhances their professional development, as they learn a wide range of marketable skills for their future employment or their own entrepreneurial path. Eligible graduate students and post-doctoral trainees may also serve as co-mentors on a team if applicable.
Innovation to Enterprise Central (ITEC) Projects
IUPUI faculty researchers/scholars with research projects in various stages of enterprise development are highly encouraged to contact us and inquire about ITEC projects. Under supervision of the ITEC facilitation team, faculty clients, faculty, and community mentors, students on the project team will be responsible for research, planning, and development of a new process, application, and/or prototype.
Enactus at IUPUI
Enactus is a community of student, academic and business leaders committed to using the power of entrepreneurial action to enable human progress. Enactus establishes student programs on campuses across the nation. Enactus students apply business concepts to develop community outreach projects, transform lives and shape a better, more sustainable world. Faculty can volunteer to serve as mentors for student-led projects, or explore the opportunity to engage students with your own project as a social enterprise.
IUPUI faculty interested in being a project mentor for the Enactus at IUPUI group submit your Enactus Faculty Mentor information here.
Campus Educational and Networking Events
The Innovation to Enterprise Programs at IUPUI host a variety of networking and outreach events through the course of the year, aimed at connecting faculty with business on opportunities for collaboration and partnering on new solutions for real-world problems and development of next generation products.
Innovation to Enterprise Forum
Our annual commercialization forum provides a platform for faculty, staff, and students to learn more about the fundamentals of developing a new product, or moving forward with an idea for a new business venture. Typically, this also includes opportunities for the business community to partner with our campus, or to learn about the exciting entrepreneurial ventures being launched.
Click here to see upcoming educational and business networking events hosted by the Office of the Vice Chancellor for research, including the Innovation to Enterprise Initiatives.
Other Faculty Resources
Faculty pursuing commercialization may also consult a variety of on-campus sources of assistance, as well as state-sponsored resources offered in support of entrepreneurship and economic development. Our staff will also meet with you to help determine specific resources and opportunities that would be available to you.
|Indiana University Research and Technology Corporation (IURTC) |
IURTC is a non-profit agency that assists IU faculty and researchers in realizing the potential of their findings.
|Innovate Indiana Fund |
To harness Indiana University’s immense creativity and to strengthen Indiana’s economy, IU created the $10 million Innovate Indiana Fund. The fund provides equity capital for company formation and to support these new ventures at early stages, when funding is most difficult to obtain. This evergreen fund provides startup funds, nurturing and growth through technology start-ups, giving faculty and entrepreneurs a new resource for the support they need.
|Indiana Economic Development Corporation (IEDC)|
The IEDC is the State of Indiana's lead economic development agency. The IEDC was officially established in February 2005 to replace the former Department of Commerce. In order to respond quickly to the needs of businesses, the IEDC operates like a business.
Elevate Ventures nurtures and develops emerging and existing high-potential businesses into high-performing, Indiana-based companies. We accomplish this by providing rigorous business analysis and robust advisory services that connect companies with the resources they need to succeed long-term. As a not-for-profit organization, we are able to offer unbiased, in-depth perspective and recommendations.
|Venture Club of Indiana|
The Venture Club of Indiana is a non-profit organization dedicated to helping entrepreneurs and investors succeed through participation in a network of resources guided by a group of business experts with backgrounds in industries like banking, Web development, human resources, and academics.
We encourage faculty, staff, and students to take advantage of events and resources offered throughout the larger Indiana entrepreneurial community.