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Archive for the ‘Incubator’ Category

Why Universities Are Key to the Future of Biotech, and How UCSF’s Chief is Showing the Way

October 5, 2011 1 comment

What’s needed now are the creative partnerships, where someone knowledgeable about the whole process steps in and finds a way to more seamlessly bring together these two factions around what they have in common.

From Xconomy:

“These are hard times at universities in America. State support is dwindling, tuition is booming, and federal research dollars are in jeopardy. Morale has taken a beating.

But U.S. academic research centers are still the driving force for innovative new medicines, like always. And anyone who cares about U.S. universities should pay attention to what’s happening at UC San Francisco under the leadership of chancellor Susan Desmond-Hellmann.

Desmond-Hellmann, a biotech industry star from her days running drug development at Genentech, has her work cut out in her third year as UCSF’s chancellor. Like any executive arriving on campus, she’s had to learn a lot in a hurry. UCSF is a complex, 23,000-employee enterprise that does everything from studying the basic functions of stem cells to helping discover new drugs to treating patients. Starting in August 2009, she’s had the unpleasant job of overseeing furloughs, layoffs, and multi-million-dollar budget cuts. She’s said no, repeatedly, to promising new scientific initiatives…”

READ FULL ARTICLE [web]
UCSF’s 2014-2015 Plan [web, pdf]
QB3 [web]

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Purdue Restructures Processes and Incentives for Research Commercialization to Boost Economic Development

October 1, 2011 Leave a comment

A key element is restructuring the processes and incentives for research commercialization with the additional benefit of boosting economic development in Indiana through the creation of new businesses and products.

From Purdue News:

“A new emphasis on extracting more economic value from sponsored research and intellectual property at Purdue University will help move more Purdue research to the marketplace faster and reduce the university’s reliance on tuition and tax dollars.

Purdue President France A. Córdova announced Wednesday (Sept. 28) a three–part Decadal Funding Plan that will increase sources of revenue beyond tuition and state appropriations – the traditional sources for public university funding – by doubling financial capacity through continued cost-cutting, expanding online degree and professional education offerings, encouraging more robust use of campus facilities through summer teaching, and ramping up research commercialization.

A key element is restructuring the processes and incentives for research commercialization with the additional benefit of boosting economic development in Indiana through the creation of new businesses and products. The effort also invests in more entrepreneurial education and support for faculty, students and businesses.

“We intend to leverage our most valuable resources, a first-class faculty and an amazing group of students, to materially improve our performance in creating and supporting entrepreneurs, commercialization of new science and technology, and industry-university collaborations,” Córdova said…”

READ FULL ARTICLE [web]
Purdue Research Park [web]
Discovery Park at Purdue University [web]
Purdue/Industry Partnerships Newsletter [web, pdf]

Startup Weekend Launches Startup Foundation Initiative in Partnership with Kauffman Foundation

September 28, 2011 Leave a comment

The Startup Foundation currently has eight pilot member cities: Boston; Des Moines; Detroit; Las Vegas; Los Angeles; New York City; Seattle; and Sao Paulo, Brazil. Foundation co-founders in each city are mapping their local entrepreneurial ecosystem and interviewing community leaders.

From the Kauffman Foundation:

“Startup Weekend, a global grassroots network of entrepreneurs and leaders, today announced an initiative in partnership with the Ewing Marion Kauffman Foundation that will lead to the creation of vibrant startup communities in cities across the nation. Called the Startup Foundation, the program is a grassroots initiative that helps cities build and establish ecosystems that will support more high-growth entrepreneurs, startups, and ultimately, jobs.

“We know from our experiences with local Startup Weekends that entrepreneurship is best supported at the grassroots level,” said Marc Nager, CEO of Startup Weekend. “The Startup Foundation will ensure that community leaders across the country have a sustainable platform for which to effect real change within their local communities.”

Startup Weekends are events in cities around the world where aspiring founders and startup supporters meet to share ideas, form teams, build products and launch companies. With funding from the Kauffman Foundation, the Startup Foundation will focus on researching and mapping the ecosystems of participating cities to identify influential leaders, programs and gaps in community resources; supporting local initiatives that drive the creation of more entrepreneurs, startups, and jobs; and raising funds for local entrepreneurship support initiatives…”

READ FULL PRESS RELEASE [web]
Startup Foundation [web]
About Startup Foundation on YouTube [web]
Startup Weekend [web]

Will Stanford Take the F Train to Silicon Island? Tensions Rise as Deadline for Tech Campus Approaches

September 28, 2011 Leave a comment

As the Oct. 28 deadline for proposals approaches, both neighborhood advocates and the institutions bidding have intensified their campaigns. Scuttlebutt has Stanford as the frontrunner and Roosevelt Island as the likely site, agitating folks like Ms. Dolan and institutions like N.Y.U.

From BetaBeat:

“If replicating the talent engine that fuels Silicon Valley sounds ambitious, City Hall’s underlying vision is even more enterprising. New York City’s Economic Development Corporation has offered universities around the world a chance to compete for city-owned land in the hopes of besting the Valley, wresting the title of innovation capital from global competitors and remaking New York’s industrial landscape. So long Goldman Sachs, hello start-ups—if it comes to that, of course. Estimates are that the project will generate $6 billion in economic activity over the next few decades and add 8,000 construction jobs and spin out 400 companies in the coming years.

The E.D.C.’s application makes no bones about its goal: “Increase the probability that the next high growth company—a Google, Amazon, or Facebook—will emerge in New York City and not in Shanghai, Mumbai, or Sao Paolo…”

READ FULL ARTICLE [web]

MassChallenge: Why the world’s largest startup incubator is also a non-profit

September 24, 2011 Leave a comment

We take these teams out of their moms’ basements and put them on the 14th floor of a sky-rise on Boston’s waterfront.

From The Next Web Insider:

“At the forefront of excellence and prestige is the Boston-based non-profit, MassChallenge, which bills itself as “the world’s largest startup competition”. MassChallenge is a very special kind of accelerator, as it is both an independent non-profit and does not take equity. Now, in its second year, MassChallenge is incubating 125 companies in its Boston waterfront offices, and each team is competing for $1 million in prizes. The competition is open to anyone in the world, for any new startup, in any industry.

For MassChallenge’s first class, it received 450 applications from 24 countries. 111 teams were chosen, representing all industries and levels of development within the early-stage spectrum. The 4-month program held hundreds of training and networking events, workshops and job fairs. In the end, there were 16 winners; 4 teams won $100K and 12 teams won $50K from the MassChallenge million. The 111 teams went on to raise $100 million in total venture funding and created 500 new jobs in under 12 months. This summer, Ksplice, a 2010 MassChallenge winner, was acquired by Oracle, marking the first exit of a MassChallenge-supported startup…”

READ FULL ARTICLE [web]
MassChallenge Vision [web]
MassChallenge on Facebook [web]
MassChallenge TV [web]

To Be or Not To Be: University Incubators

August 22, 2011 Leave a comment

Should universities create, own, and operate an incubator?

It’s all about community engagement and prosperity through innovation and economic development.

By Keith McDowell:

“From a whimper to a shout out! Such is the history of university business incubators over the past decade. From the existence of a countable few before the year 2000, universities, colleges, and even community colleges have “manned up” on the issue of creating incubators at every crossroad and in every community. It’s all about community engagement and prosperity through innovation and economic development. And as might be expected, the “incubators” come in so many varieties that they are no longer countable. Is it an incubator or an accelerator, virtual space or leased real estate, profitable or subsidized?”

READ FULL ARTICLE [web]

There Is an Incubator Bubble—And It Will Pop

August 13, 2011 Leave a comment

While the rest of the economy slowly fizzles, investors, foundations, regional economic development authorities, and other organizations have been setting up incubators, accelerators, and similar programs for startups at a blistering pace.

From Rade Roush of Xconomy:

“This week we published the third annual edition of the Xconomy Guide to Venture Incubators. It’s the only source we know of where U.S. entrepreneurs starting technology, life sciences, or energy companies can survey all of the early-stage mentoring and investment programs open to them in a single document.

“If you ask me, there is clearly an incubator bubble. Whatever your opinion about the existence of a bubble in the larger world of Internet startups—Sarah Lacy and Dan Primack offered interesting, opposing views on that this week—it’s hard to imagine that today’s tepid consumer and business markets have room to absorb all of the products and services offered by the hundreds of new startups that the incubators are now churning out each year…”

READ FULL ARTICLE [web]
About the Guide to Venture Incubators [web]
TechCrunch: Good News! The Bubble that Never Inflated Has Popped [web]
Fortune: Internet bubbles – Of truth and consequence [web]