Tech Transfer eNews Blog

Notre Dame accelerator exceeds its own start-up launch goal


By Jesse Schwartz
Published: July 18th, 2018

The IDEA Center, a start-up accelerator at the University of Notre Dame, has surpassed its goal of launching 16 companies in its first year, reaching 27 between July 2017 and June 2018.

Led by both Notre Dame students and faculty, the start-ups raised a collective $4 million in investments and grants, created 83 new jobs, released 23 products that generated over $500,000 in sales in that first year.

“Start-ups are one of the main driving forces behind the U.S. economy in the 21st century,” says Brian Ritchie, associate provost and vice president for innovation at Notre Dame. “By producing start-ups, the IDEA center lies at the heart of economic growth in this region. The future of the American economy isn’t industry, it’s innovation. And we want to be at the forefront of this revolution.”

Over time, the goal of the IDEA Center is to build a high-growth start-up ecosystem in the region that will attract venture capital, entrepreneurs and start-ups to create more jobs and lead to economic development.

“The success of the IDEA Center’s strategy indicates that a strong focus on start-ups in the South Bend-Elkhart region will lead to the potential for significant economic growth, such as that seen in other technological hub cities in the country,” Ritchie says. “In time, we believe this region will retain and attract even more of tomorrow’s brightest, most innovative minds.”

Source: Notre Dame News

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