Welcome!

News Feed Item

Purdue Announces Record-Breaking Year in Commercialization Activities

Purdue University had record-breaking numbers in commercialization activities highlighted by 24 startups based on Purdue intellectual property, Purdue Research Foundation officials announced.

The growth is reflected in other increases through Purdue's Office of Technology Commercialization including 146 U.S. and global issued patents and 120 licensing deals with startups and established companies.

"As Indiana's land-grant university, one of Purdue's most important missions is to move its innovations to the public where they can improve lives, drive Indiana's economy and create jobs for Hoosiers," said Purdue University President Mitch Daniels. "Purdue faculty, staff and students are some of the most creative and hardworking individuals in the world. Over the past 18 months we made several policy changes to create a climate of entrepreneurship and deliberate innovation."

This was most recently acknowledged by the awarding to Purdue of the 2014 Incubator Network of the Year, the highest distinction offered by the National Business Incubation Association.

Pu Wang, a doctoral student in biomedical engineering, was new to the entrepreneurial arena when he helped found and became chief technology officer for Vibronix Inc., one of Purdue's 2014 startups.

"Two years ago I was on a career path to be a tenured faculty member and didn't even think about pursuing something different," he said. "Then I started hearing about the entrepreneurial opportunities at Purdue. At that time, I was researching a technology that provides advanced imaging that could predict the risk of a heart attack with more precision than other devices currently on the market.

"I started thinking about licensing and commercializing this technology, so I talked with the Purdue Foundry folks. It changed my future. My advisor and I were their first clients, and the assistance we received helped us create Vibronix."

For a complete list of all Purdue 2014 startups, visit http://otc-prf.org/startups

Recent initiatives to strengthen the Purdue entrepreneurial ecosystem include:

Purdue Foundry, a business incubator to help Purdue faculty, staff and students create startups.

* Student-managed Anvil, a business incubator to support student-generated startups.

Discovery Park Partners, a business facility for industry and Purdue research partnerships.

* Change in intellectual property policy so Purdue student inventors own their innovations.

Express license to expedite the technology transfer process.

SBIR option to give faculty and staff the ability to option intellectual property that received support from an SBIR/STTR grant.

* $12 million Foundry Investment Fund to support life sciences startups originating from Purdue innovations.

Purdue Certificate in Entrepreneurship and Innovation in Discovery Park geared for undergraduate students who are interested in entrepreneurship.

* Product prototyping lab.

Innovation and entrepreneurship landing page to drive innovators to the right entrepreneurial resources online.

Purdue Innovator Startup Guide, an online and print publication to provide intellectual property protection guidance, startup advice and other resources.

Deliberate Innovation for Faculty program that provides mentoring from successful Purdue faculty entrepreneurs.

Silicon Valley Boilermaker Innovation Group that leverages Silicon Valley Purdue alumni to provide mentoring for Purdue's new ventures.

"It's been a great year for commercialization and Purdue innovation, and we expect 2015 to replicate or surpass last year's growth," said Dan Hasler, president and chief entrepreneurial officer of the Purdue Research Foundation. "These enterprises can only be successful through the continued involvement of the Purdue innovators and leaders, our alumni, the surrounding community, and state."

For information about investing in a Purdue startup or licensing a Purdue innovation, visit PurdueFoundry.com

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors!
JETRO showcased Japan Digital Transformation Pavilion at SYS-CON's 21st International Cloud Expo® at the Santa Clara Convention Center in Santa Clara, CA. The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Both SaaS vendors and SaaS buyers are going “all-in” to hyperscale IaaS platforms such as AWS, which is disrupting the SaaS value proposition. Why should the enterprise SaaS consumer pay for the SaaS service if their data is resident in adjacent AWS S3 buckets? If both SaaS sellers and buyers are using the same cloud tools, automation and pay-per-transaction model offered by IaaS platforms, then why not host the “shrink-wrapped” software in the customers’ cloud? Further, serverless computing, cl...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
The now mainstream platform changes stemming from the first Internet boom brought many changes but didn’t really change the basic relationship between servers and the applications running on them. In fact, that was sort of the point. In his session at 18th Cloud Expo, Gordon Haff, senior cloud strategy marketing and evangelism manager at Red Hat, will discuss how today’s workloads require a new model and a new platform for development and execution. The platform must handle a wide range of rec...
DXWorldEXPO LLC announced today that the upcoming DXWorldEXPO | CloudEXPO New York event will feature 10 companies from Poland to participate at the "Poland Digital Transformation Pavilion" on November 12-13, 2018.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...