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University-Industry Engagement Advisor

Indiana U launches campus-wide program to support entrepreneurship


By Jesse Schwartz
Published: February 27th, 2019

Indiana University (IU) has launched a campus-wide program to support the formation of university start-ups.

The Quarry will provide IU faculty and staff with mentors, industry partners, customers and tech transfer resources to help them launch companies around their innovations developed on campus. The program will also leverage university assets including the IU Philanthropic Venture Fund and the Innovate Indiana Fund to support the participants’ ventures.

The Quarry has already assisted 40 IU faculty and staffers from departments including nursing, hospitality, biology, medicine and chemistry.

“These [founders] are top experts in something other than setting up and running a business. That’s where we offer support,” says Jason Whitney, manager of strategic partnerships at the IU Research and Technology Corp and manager of the Quarry. “We’re not putting all our eggs in the Kelly School [of Business] basket.”

According to Whitney, a major emphasis of the Quarry is evaluating the foundation of the prospective start-ups.

“We want to ensure that launching a start-up company is the best path to commercialization for the intellectual property,” he says. “Working closely with our colleagues in the IU ICO [Innovation and Commercialization Office] helps identify outside licensing partners when appropriate. This may fast-track the product to market and allow our faculty members to continue doing more innovative research.”

Source: IBJ.com

Posted under: Tech Transfer e-News

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