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
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, discussed the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, presented an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He then expounded on the industry issues he frequently came up against as an analyst, and ...
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DX World Expo has organized these issues along 10 tracks with more than 150 of the world's top speakers coming to Istanbul to help change the world."
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...