
Now more than ever, America’s universities are a powerful research and development (R&D) ally of business and industry, a source of innovative technologies with the potential of transforming markets, and quite possibly, a company’s future.
At the forefront of this research-driven economic revolution is Purdue University. Over the last decade, Purdue has become more aggressive in its creation and commercialization of market-relevant intellectual property. The University has also opened its doors to business, engaging partners from business and industry in joint research, expanding its portfolio of licensable technology, and offering opportunities for business acquisitions, partnerships, spinouts, and startups.
The Emerging Innovations Fund is designed to enhance and accelerate the synergy between Purdue and business by supporting Purdue researchers, staff, and students in their efforts to translate research from the lab into commercially viable technology. This includes channeling Purdue’s sophisticated understanding of startup creation into practical, market-based support and funding to our researchers. Now, new technologies come with business plans, patents and copyrights, strong project teams and early-stage funding—all huge steps in market readiness.
Purdue has also made its researchers and other innovation resources more accessible. By early 2009, the university will have four research parks statewide, only one of which is associated with the main campus in West Lafayette. Other locations include Merrillville, Indianapolis and New Albany. This research network facilitates joint projects with businesses across Indiana, enables active interaction between R&D partners and makes space available to growing startups.
Areas of research emphasis include: