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U of Memphis creates new fellowship program focused on launching start-ups

The University of Memphis (U of M) is launching a postdoctoral fellowship program designed to spark the formation of start-ups based on university technologies.

With the support of regional entrepreneurial organization Epicenter, the Patents2Products program will support its participants for two years, offering funding for initial start-up costs and access to researchers and labs at U of M. Epicenter will help arrange for mentors, customers, and capital for start-ups launched through the program.

“We want to help turn new science-based technologies and innovations from our research labs into successful, local companies,” says Jasbir Dhaliwal, executive vice president for research and innovation at the U of M. “This joint venture will deepen the innovation ecosystem in our region while also expanding our postdoctoral positions.”

Leslie Lynn Smith, president and CEO of Epicenter, comments, “Universities are the creators of a multitude of economic and community development impacts, and attracting more entrepreneurial and scientific talent to Memphis while bringing bleeding-edge technologies to market will have an even greater economic impact. Strong representation and engagement from universities within entrepreneurial ecosystems are essential to a thriving economy, and we appreciate that the university’s leadership is willing to boldly participate in economic development through innovation.”

Source: Memphis Business Journal

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