Entrepreneurship: Bridging Academia and Industry

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7th International CONCEIVE DESIGN IMPLEMENT OPERATE Conference (CDIO2011)

Entrepreneurship: Bridging Academia and Industry
Paper
Author:Jean Koster <Jean.Koster@Colorado.EDU> (University of Colorado at Boulder)
Derek Hillery (University of Colorado at Boulder)
Cody Humbargar (University of Colorado at Boulder)
Eric Serani (University of Colorado at Boulder)
Alec Velazco (University of Colorado at Boulder)
Date: 2011-06-20     Track: Main     Session: 1
DOI:10.4122/1.1000054447
DOI:10.4122/1.1000054448

A case study is presented demonstrating the logistics and synergies behind starting a university spin-out company and the advantages of spawning entrepreneurship out of an academic environment. A recent start-up company, TIGON Enertec, Inc., has emerged out of the University of Colorado (CU) from the collaboration of multiple incubation programs with the vision to increase the success-rate of university spin-offs. Several timely developments, organizations, and funding opportunities were enabling this start-up; A) NASA funds on workforce development. B) The University of Colorado who created the Renewable and Sustainable Energy Institute (RASEI). C) The Center for Space Entrepreneurship (e-Space, Inc.), a not-for-profit organization recently formed as a partnership of the University of Colorado, a national leader in aerospace engineering education, and SpaceDev, Inc. a leading entrepreneurial space company. All three components served as pillars for the start-up. The creation of such a supportive environment, which has helped the TIGON team begin their venture, may serve as potential model for university and small business relationships.