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Office of the Vice Chancellor for Institutional Advancement

Entrepreneurial Spirit of Campus:

On-campus resources for student and faculty entrepreneurs

 

The Office of Technology Management (OTM)
The OTM at the University of Illinois manages the intellectual property of the University. The OTM’s mission is to leverage the intellectual assets of the University, to benefit society, catalyze economic growth and strengthen the University’s education and research programs. Foremost in the work of OTM is the identification of research that might lead to marketable and licensable technology. The OTM Technology managers work closely with faculty to protect, market and license the cutting edge research, either through licenses to established companies or to start-up companies. The process of evaluation is undertaken with the assistance of graduate students from law, business and science areas. Annually, the OTM manages approximately 200 disclosures per year, files 140 patent applications, and executes 40 options/licenses of which on average 5 to7 are to start-up companies.

The Academy for Entrepreneurial Leadership (AEL)
The AEL Leadership at the University of Illinois offers entrepreneurship programs, services and resources to faculty, students and community members. The Academy’s mission is to encourage entrepreneurial awareness and initiatives across all disciplines at the University. Drawing on the strengths of all fields across the Illinois campus, AEL helps to initiate, build and connect an understanding, appreciation and inclusion of entrepreneurship.
In 2004, thanks to a $4.5 million, five-year grant from the Kauffman Foundation, the Academy opened its doors. The strong campus support from deans and upper level administration has ensured that the Academy will continue its presence in the future on the Illinois campus.

EnterpriseWorks
EnterpriseWorks is a business incubator in the Research Park for early stage tech firms, owned and operated by the University of Illinois. Since the incubator opened its doors in 2001, about 140 companies have used the facilities as a launching pad. EnterpriseWorks provides an ideal environment for starting a high-growth technology venture with 24 full wet-labs, furnished office space, an extensive array of shared equipment, server co-location facilities, and conference rooms with complete presentation facilities and high-speed wireless Internet access. EnterpriseWorks also offers many support services for its clients including an Entrepreneur-in-Residence program, I-Start professional launch services, weekly programming and events, and assistance with startup operations. In July 2011, Inc.com named EnterpriseWorks to their “10 Start-Up Incubators to Watch” list.

Illini Entrepreneurship Network (IEN) 
The IEN is the leading entrepreneurship student organization at the University of Illinois at Urbana-Champaign. Its mission is to promote entrepreneurship on campus and encourage students to create their own ventures. The IEN was started in 2008 and offers the following services: the Student Venture Accelerator (SVA), consulting and networking opportunities.

Technology Entrepreneur Center (TEC) 
Part of the College of Engineering, the TEC enhances the existing engineering curriculum and engages the College’s vast pool of faculty, students, and alumni supportive of entrepreneurship through courses and co-curricular activities that expose engineering and science students to the complex concepts inherent in the simultaneous processes of technology innovation and market adoption.

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