UMass Lowell A Public Institution for Innovation Entrepreneurship

UMass Lowell: A Public Institution for Innovation & Entrepreneurship Steven Tello, Ed. D. Associate Vice Chancellor Entrepreneurship & Economic Development March 21, 2015 Learning with Purpose

How Does A Public University Contribute to Innovation & Economic Development? Learning with Purpose

How Does A Public University Contribute to Innovation & Economic Development? Discover new technologies that enable new products and new businesses - Research Support inventors and entrepreneurs attempting to create new businesses and industries – Business Incubation Train graduates with the skills required in both established and emerging industries – Education & Training Learning with Purpose

New Models for Research & Economic Development Co-location catalyzing innovation & entrepreneurshp Learning with Purpose

Raytheon-UMass Lowell Research Institute Initial $3 M commitment with option to grow Share 4 th floor labs in Saab Center Innovative Research: • Printed & Flexible Electronics • Printed Optical Materials Faculty, Graduate Students & Raytheon Scientists Talent Creation & Workforce Development Learning with Purpose Flexible Phased Array Antennas

M 2 D 2: UMass Lowell, UMass Medical, Entrepreneurs & Industry Massachusetts Medical Device Development Center • Regional Collaboration between Lowell & Worcester since 2007 • 15 Resident Companies, 45 virtual clients • $50 M Equity, $6 M Grants raised by Resident Companies • 152 jobs in startup companies • 35 student interns • Expanding in Spring 2015 Learning with Purpose

UMass Lowell Innovation Hub Supporting Technology Startups in the Merrimack Valley 11, 000 sq ft M 2 D 2 Expansion (adding biotech) 11, 000 sq ft Tech Incubator (all industry sectors) $7. 5 M investment • State & University Target Clients • University affiliated ventures • Corporate Innovation partners • Angel and Venture-backed Companies recruited to region Learning with Purpose Opening June 2015

Difference. Maker™: Student-Focused A campus-wide effort to introduce creative problem solving, innovation and entrepreneurship to students across all academic disciplines. A chance for students to develop sustainable solutions to world’s challenges and problems An opportunity to apply a UMass Lowell education in a way that makes a difference in the world. Learning with Purpose

Difference. Maker™ Impact • 2014 Idea Challenge • 70 applications, 190 Students Difference. Maker Central, Faculty Fellows, 25 Alumni • 2013 Idea Challenge • Non-Spec - raised $100 K, won 3 national comp. • Graba. Bite – raised $11 K, merged with Click. Waiter • Power Trike, Robot Arm joined Sandbox Accelerator Learning with Purpose

UMass Lowell Entre. Ecosystem Learning with Purpose

UMass Lowell An APLU Innovation and Economic Prosperity University Committed to supporting the economic prosperity and vitality of our region Recognizes our commitment to support economic development through: • • Innovation & Entrepreneurship Technology Transfer Workforce Development Community Development Awarded to 14 institutions across the country in 2014 Learning with Purpose

How Can You Contact Us? • • • www. uml. edu/entrepreneurship www. uml. edu/differencemaker www. uml. edu/m 2 d 2 Email differencemaker@uml. edu Twitter @difference_uml Learning with Purpose