|By Marketwired .||
|February 25, 2014 12:38 PM EST||
IRVINE, CA -- (Marketwired) -- 02/25/14 -- The University of California, Irvine today announced the creation of the UC Irvine Institute for Innovation, an interdisciplinary and campus-wide center focused on integrating research, entrepreneurship and technology to create real-world applications that benefit the public and drive the economy.
The institute is envisioned to be "an epicenter of innovation in Orange County by creating a vibrant, interconnected and self-sustaining community of students, scholars, industries and entrepreneurs," said UC Irvine Provost & Executive Vice Chancellor Howard Gillman.
With initial funding through a $5 million endowment from the Beall Family Foundation, the institute will expand upon the success of the Beall Center for Innovation & Entrepreneurship at The Paul Merage School of Business. It will incorporate UC Irvine's Office of Technology Alliances, which handles the patenting and licensing of the campus's intellectual property, and the functions of corporate relations and industry-sponsored research. The center will become the single point of contact for corporate partners and business leaders -- whether they're interested in research opportunities, working with UC Irvine's spin-off companies, licensing of technologies or other innovation-related interactions -- and provide concierge-level services for faculty and students.
"Elite research universities act as engines of innovation and progress, not only by engaging in fundamental research but also by helping students and faculty transform discoveries into practices and products that benefit society," Gillman said. "Making this a more strategic focus is especially vital for UCI, given that we're located in a region known for its entrepreneurial spirit. It will also enhance our ability to attract and retain outstanding faculty and students, who increasingly expect campuses to help them achieve their aspirations for positive social impact."
Donald R. Beall, chairman emeritus and retired chairman/CEO of Rockwell, said that accelerating the transfer of technology to the marketplace "plays a critical role in helping America remain competitive in a global economy." He added: "UCI has been a driving force in uncovering breakthroughs that have a real-world impact, and the Beall family is pleased to help the university take its leadership to the next level with the creation of this institute. Together, we hope to bring discoveries to life, benefiting students, faculty, business leaders, the community and society as a whole."
Beall's sentiments were echoed by business leaders throughout Southern California.
David E.I. Pyott, chairman of the board and CEO of Allergan Inc.: "Allergan and UC Irvine share a commitment to scientific excellence and life-improving discoveries. As our neighbor, UC Irvine has been a source for providing robust research and a talented workforce. We welcome the formation of UC Irvine's Institute for Innovation, which demonstrates the university's continuing dedication to delivering ideas that improve the economic, individual and cultural health of the region and the world."
Henry Samueli, Ph.D., co-founder, chairman of the board and chief technical officer at Broadcom Corp.: "Education has the power to foster incredible creativity and innovation. I'm very proud of my connection with UC Irvine and believe it's a world-class institution that has been instrumental in sharing ideas and discoveries with the business community. The innovation institute will strengthen the link between industry and academia and will help cultivate the transfer of new technologies to the marketplace."
Paul Merage, chairman and co-founder of MIG Capital: "The Merage School of Business has a legacy of superior achievement and entrepreneurial spirit. I applaud the university's efforts to build on this legacy and create a culture that encourages innovation, creativity, risk and investment."
Jim Mazzo, operating partner at Versant Ventures: "I've been actively involved with many areas of UC Irvine for decades. As a chief executive of international corporations, I find access to the university's discoveries advantageous in developing strategies and identifying future markets. The innovation center will create an efficient, central source for groundbreaking research, helping the region's businesses thrive through knowledge and leadership."
Matthew Jenusaitis, president and CEO of OCTANe: "UC Irvine is a powerhouse of technology, healthcare, earth systems sciences and engineering discoveries in the heart of Southern California. This new Institute for Innovation will allow this world-class university to move beyond the traditional classroom and laboratory environment to address social issues and improve the human condition. With a shared interesting in bringing new ideas quickly to market and benefitting the surrounding community, OCTANe fully supports UCI's commitment to innovation and the formation of the new institute."
Ted Smith, chairman and CEO of MIND Research Institute as well as founder and retired chairman of FileNet: "MIND Research Institute is a living example of the power of UC Irvine's innovation and research. Twenty years ago, UCI researchers discovered an effective way to teach math the way children learn -- visually and experientially -- which became the foundation for a separate, nonprofit entity in 1998. Today, MIND Research Institute is improving remarkably the problem-solving and math proficiency of 630,000 children in more than 2,000 schools across 35 states. Imagine the societal benefit if we could bring ideas like this to the community more quickly and effectively, as envisioned with UC Irvine's Institute for Innovation."
MIND Research Institute is one of more than 60 companies established with the support of UC Irvine-based research. The university has also yielded 901 inventions, 334 active U.S. patents and 113 active license or option agreements.
Irvine Mayor Steven S. Choi, Ph.D., who delivers his State of the City address later today, noted the civic impact of the campus's contributions. "Irvine remains a thriving employment hub due in no small part to the city's long-standing partnership with UC Irvine," he said. "We're fortunate to have a pre-eminent research institution at our doorstep, supplying economic opportunities through scientific discoveries and a steady stream of intelligent, skilled workers. We salute the university's desire to accelerate its contributions to the community through an innovation institute, which will help us retain our place among the world's greatest cities and universities."
The Beall Family Foundation will continue to support entrepreneurial opportunities through The Paul Merage School of Business, which provides a broad range of programs that include an annual business plan competition, networking with entrepreneurs and venture capitalists, and workshops and advisory services.
"The Beall Center in the Merage School has been a catalyst for innovation and entrepreneurship across the university," said Andrew Policano, director of UC Irvine's Center for Investment & Wealth Management and former dean of The Paul Merage School of Business. "We're delighted that the Beall family will continue to support the center in the business school while also funding a major university initiative that will bring our vast research expertise into the community."
Gillman said that the university's existing efforts, coupled with the new Institute for Innovation, "clearly demonstrate our commitment to economic growth and preparing leaders for an evolving, knowledge-based society."
The university is recruiting an executive director -- reporting directly to Gillman and supported by an advisory board of university and business leaders -- to lead the institute and is also seeking additional financial support, with a goal of attracting a naming gift.
"The institute will empower our innovators, but we also want it to energize our supporters," Gillman said. "We will need the help of the community to ensure that these efforts will have the strongest possible impact."
About the University of California, Irvine: Located in coastal Orange County, near a thriving employment hub in one of the nation's safest cities, UC Irvine was founded in 1965. One of only 62 members of the Association of American Universities, it's ranked first among U.S. universities under 50 years old by the London-based Times Higher Education. The campus has produced three Nobel laureates and is known for its academic achievement, premier research, innovation and anteater mascot. Led by Chancellor Michael Drake since 2005, UC Irvine has more than 28,000 students and offers 192 degree programs. It's Orange County's second-largest employer, contributing $4.3 billion annually to the local economy.
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Jul. 25, 2016 06:00 PM EDT Reads: 2,070
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 25, 2016 06:00 PM EDT Reads: 1,407
Unless your company can spend a lot of money on new technology, re-engineering your environment and hiring a comprehensive cybersecurity team, you will most likely move to the cloud or seek external service partnerships. In his session at 18th Cloud Expo, Darren Guccione, CEO of Keeper Security, revealed what you need to know when it comes to encryption in the cloud.
Jul. 25, 2016 06:00 PM EDT Reads: 2,392
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
Jul. 25, 2016 05:30 PM EDT Reads: 735
StackIQ has announced the release of Stacki 3.2. Stacki is an easy-to-use Linux server provisioning tool. Stacki 3.2 delivers new capabilities that simplify the automation and integration of site-specific requirements. StackIQ is the commercial entity behind this open source bare metal provisioning tool. Since the release of Stacki in June of 2015, the Stacki core team has been focused on making the Community Edition meet the needs of members of the community, adding features and value, while ...
Jul. 25, 2016 04:38 PM EDT Reads: 153
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Jul. 25, 2016 04:00 PM EDT Reads: 993
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Jul. 25, 2016 03:45 PM EDT Reads: 943
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Jul. 25, 2016 03:30 PM EDT Reads: 1,684
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
Jul. 25, 2016 03:15 PM EDT Reads: 415
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 25, 2016 03:00 PM EDT Reads: 1,969
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Jul. 25, 2016 02:45 PM EDT Reads: 859
The competitive landscape of the global cloud computing market in the healthcare industry is crowded due to the presence of a large number of players. The large number of participants has led to the fragmented nature of the market. Some of the major players operating in the global cloud computing market in the healthcare industry are Cisco Systems Inc., Carestream Health Inc., Carecloud Corp., AGFA Healthcare, IBM Corp., Cleardata Networks, Merge Healthcare Inc., Microsoft Corp., Intel Corp., an...
Jul. 25, 2016 02:30 PM EDT Reads: 866
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Jul. 25, 2016 02:00 PM EDT Reads: 956
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
Jul. 25, 2016 01:15 PM EDT Reads: 1,911
Early adopters of IoT viewed it mainly as a different term for machine-to-machine connectivity or M2M. This is understandable since a prerequisite for any IoT solution is the ability to collect and aggregate device data, which is most often presented in a dashboard. The problem is that viewing data in a dashboard requires a human to interpret the results and take manual action, which doesn’t scale to the needs of IoT.
Jul. 25, 2016 01:00 PM EDT Reads: 1,930