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U of Wyoming to launch new institute for entrepreneurship and university start-ups


By Jesse Schwartz
Published: March 28th, 2018

The University of Wyoming (UW) is creating a new center to encourage entrepreneurship among students, faculty and staff.

The UW Institute of Innovation and Entrepreneurship (IIE) will fund and support start-up activity while providing mentorship for members of the UW community who are interested in entrepreneurship. IIE will offer academic courses across campuses, support a new potential master’s degree in tech management, advance the current entrepreneurship major, and create a new entrepreneurship minor.

IIE is part of a larger initiative known as “Breaking Through: 2017-2022” that is meant to strengthen UW’s overall efforts in research and innovation. While departments like the Office of Research and Economic Development work to enhance technology transfer and licensing, IIE will focus specifically on entrepreneurship and start-up creation.

“Most important will be embedding and integrating, in a systematic, faculty-led manner, principles of entrepreneurship in courses offered by departments across the university, similar to the way writing is infused throughout the curriculum,” comment university deans David Chicoine and Michael Pishko, who together designed the Breaking Through initiative.

The Business Creation Factory, a new start-up accelerator that will launch through IIE, will assess university innovations for their commercial potential and help move them toward the marketplace in measured stages.

“In this phased process, the concept is de-risked and increases the likelihood of creating start-up companies that can attract private, early-stage capital and are high-quality, real investment opportunities that show strong promise of growing into successful enterprises,” say Chicoine and Pishko.

“Once operational, the Business Creation Factory will be a living laboratory supporting research on the process of business creation and the efficient, effective commercialization of innovations as an economic development and diversification strategy,” says Ed Synakowski, vice president for research and economic development at UW. “Overall, the IIE will enable the university to fulfill its unique mission to create a more prosperous future for Wyoming, its people, its communities, and its business and industry.”

Source: UW News

Posted under: Tech Transfer e-News

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