June 15, 2014
June 15, 2014
June 18, 2014
Entrepreneurship & Engineering Innovation
24.1254.1 - 24.1254.9
The UT TRANSFORM ProjectThe UT TRANSFORM project (Translational Research Advancement Network to Support,Fund, Organize, Roll Out, and Motivate UT Innovations) is a joint project of four University ofTexas (UT) System institutions: UT San Antonio, MD Anderson, UT El Paso, and UT Austin.The project, funded by the UT System, sought to create and maintain a transformational andprogressive entrepreneurial ecosystem within the university environment, essential factors forfostering, supporting, developing, and commercializing new technologies. The project’s goal increating this ecosystem was not only to help change academic mindsets and cultures, but also toresult in higher competiveness in global markets, increased external funding via follow-upresearch dollars, enhanced educational environment for students and faculty, increasedmarketability of UT graduates, and greater financial returns to the university via technologycommercialization.The project comprised two major phases: (1) education in innovation, entrepreneurship, andcommercialization, and (2) identification and funding of promising and competitivetechnologies.The project’s education initiatives included: • An Entrepreneurs Academy™, an online program designed to help faculty learn the fundamental concepts of starting a business and commercializing their innovations. The modules provided in the Academy combine a selection of best-in-class videos and reading materials. • A comprehensive assessment of entrepreneurial orientation, perceptions and activity across UT System campuses.The project’s commercialization initiatives included: • A competition that awarded up to $10,000 each to over 30 projects by UT System faculty and students as seed funding for innovative commercialization projects, ranging from “Roller printed semiconductor nanomembranes for flexible RF electronics” to “Proof-of- principle in vivo efficacy study of dengue antiviral drug candidate.” Project leaders were required to complete the Entrepreneurs Academy™ before their project was funded. The projects, from campuses across the UT System, are expected to complete their work in the summer of 2014, when their results will be showcased. • A start on building the UT System’s ecosystem for innovation and entrepreneurship, through a Web site that provides paths for commercialization at the project’s participating institution, including university and community resources.The project is assessing its outcomes through early, mid-term, and long-term measures, with anadded category called collateral benefits. Early measures include the number of participants,certificates, collaborations, invention disclosures, and seed fund applications. Mid-term measuresinclude the number of seed-funding awards granted, monthly users of online content, downloads,patent applications, new startups, licenses, co-investments into startup companies by thirdparties, and results from a satisfaction survey of project participants. The long-term measures, tobe evaluated after the project’s completion in the summer of 2014, will include the number ofsuccessful product launches into market and funds generated by the projects. The measures ofcollateral benefits assess other activities that have increased the success of UT Systeminstitutions as a result of the project’s entrepreneurial and commercialization activities.Ultimately, the program will be a success if in the long term more entrepreneurially mindedstudents and faculty desire to come to UT and more companies seek UT as their first choice inpublic/private partnerships for developing and commercializing new technologies.
Novick, D. G., & Hallam, C., & Gilbert, D. J., & Wenker, O., & Frankwick, G. L. (2014, June), The UT TRANSFORM Project Paper presented at 2014 ASEE Annual Conference & Exposition, Indianapolis, Indiana. 10.18260/1-2--23187
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