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
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
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 ...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...