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New initiative will support faculty start-ups in Europe


By Jesse Schwartz
Published: June 27th, 2018

A new initiative has launched to help make it easier for researchers in Europe to commercialize their discoveries.

Aided by a €1 million (roughly $1.17M US) grant from the European Commission and supported by the IESE Business School in Spain, the STARTED initiative will help create the new European Research-to-Startup Center, which will train researchers on entrepreneurship, foster interactions between stakeholders, and facilitate the translation of research into start-up companies.

“Young researchers are in the best position to be the innovators of tomorrow,” says Sébastien Bratières, director of artificial intelligence at Translated, which is part of the start-up district and venture fund Pi Campus in Rome. “However, turning lab stuff into a start-up product is a long shot.”

The six regions in Europe selected for STARTED are highly active in research and development, yet they also have low employment rates and show limited start-up formation. Together, the regions will work to deliver an entrepreneurship skills development program. The Entrepreneurship and Innovation Center (EIC) at IESE has partnered with STARTED and will coordinate its Education and Training Committee through 2020.

Source: IESE Business School University of Navarra

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