Creating Startup Universities

How is your university promoting innovation and entrepreneurship?

USC and UVA: Faculty Research Awards + Innovation for Tenure

University of Southern California
The university promotes faculty entrepreneurship and innovation by supporting, rewarding, and funding the work of faculty members. The Lloyd Greif Center for Entrepreneurial Studies presents three faculty members with research grants totaling $11,000 as part of annual Faculty Research Awards. The Center also rewards entrepreneurial-minded faculty with the annual Greif Research Impact Award, which is given to the faculty member who has written an article that has the most effect on the area of entrepreneurship.

University of Virginia
In 2010, UVA’s School of Medicine was among the first to include innovation and entrepreneurship activities among its promotion and tenure criteria. Candidates for promotion and tenure are asked to provide a report on their inventions and the patent status of those inventions; registered copyright materials; license agreements involving their technologies; and any other contributions to technology transfer-related activities, including entrepreneurship and economic development impact.

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