Innovation and Entrepreneurship Memo
As we start the new academic year, I would like to let you know about services available that support innovation and entrepreneurship in the university:
The USC Stevens Center for Innovation is our technology transfer office, supporting intellectual property protection, licensing, corporate research collaborations, and material transfers. In the last year, USC created intellectual property generated a record income of more than $9 million. Income has increased for three years straight, up 43% in that time.
A portion of that income is distributed directly to inventors according to USC’s Intellectual Property Policy.
In addition, this year Stevens, working with its Faculty Advisory Committee, implemented two new programs:
- Technology Advancement Grants, to help move USC inventions into commercialization, and
- Startup Investment Program, to provide supplemental investments to USC Startups based on careful review by external advisors.
Stevens is offering two upcoming events on the commercialization of university intellectual property and support for corporate collaborations:
- September 1, 2016 from 9:30AM-10:30AM in the Broad First Floor Auditorium, Health Science Campus.
- September 6, 2016 from 1:30PM-2:30PM in the Rosen Family Screening Theater, University Park Campus.
Please check the USC Stevens website for details.
Incubate USC is USC’s portal to all university innovation and entrepreneurship programs, including those led by faculty, staff and students. Examples include competitions, mentorships, courses and degrees, technology investments and legal support. Incubate USC provides an e-newsletter providing information on activities across the university (sign-up on the website).
In addition, leaders of innovation and entrepreneurship programs will continue meeting in the coming year to coordinate activities. This group currently has a membership of more than 40 program leaders, including the majority of USC Schools.
Downtown LA– The DTLA Business Improvement District has launched an “Innovate LA” initiative. USC is working with the district to develop an innovation strategy to attract technology industries and startups into the downtown district. The district will release its Innovation District recommendations in October. Information can be found here.
Other External Engagement: Through the Office of Research and the USC Stevens Center, we are members and active participants in many associations aimed at advancing innovation, including: Association of Strategic Alliance Professionals (ASAP), Association of University Technology Managers (AUTM), Biocom, Biotechnology Innovation Organization (BIO), California Life Science Association, Licensing Executives Society (LES), Los Angeles Venture Association, National Academy of Inventors, San Diego Venture Group, SoCal Bio, University Industry Demonstration Partnership (UIDP). We also have relationships with other entrepreneurial organizations, such as Angel Networks.
To conclude, I would like to thank the many people across the university for contributing to the innovation culture at USC.
Thomson Reuters recently ranked USC as #14 worldwide in its ranking of innovative universities, based on its assessment of quantitative innovation metrics. USC innovation programs span all dimensions of innovation, and offer a unique culture whereby student, staff and faculty leaders work together, and with external partners, to develop and advance innovation programs.
Randolph W. Hall, Ph.D.
Vice President of Research
Professor, Epstein Department of Industrial and Systems Engineering
University of Southern California
3720 S. Flower, #325A
Los Angeles, CA 90089-0706