The OAE seeks to redefine the traditional university-industry technology transfer process by creating an unconventional entrepreneurial solution -- the Academic-Innovation-Transfer process. The key to success is the establishment of an open system in which competent partners with diverse backgrounds combine their complementary expertise to create technological innovations that lead to successful technology transfer ventures. Such key partners include faculty, students, entrepreneurs, venture capitalists and investors, industry partners, and representatives of government entities and regulatory agencies. The vision of the OAE is to:
- Achieve a global recognition of Stevens as a premier technological institute of academic entrepreneurs.
The mission of the OAE is a consequent extension of the Stevens Technogenesis® environment. It is imperative for academic entrepreneurial activities to be initiated at the faculty level and supported by the academic administration. In order to encourage entrepreneurial behavior a dynamic entrepreneurial culture must first be established. Thus, the mission of the OAE is:
- To foster and nurture an entrepreneurial culture that is accepted across the entire Institute community.
Core University research at Stevens is backed by world-renown faculty, laboratories, research centers and shared facilities. Their efforts focus on the transition of technology from research to the commercial marketplace, and provide groundbreaking innovations in the areas of:
Nanotechnology & Multi-scale Systems
Secure Systems
Systems Engineering & Enterprise Management
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The Office of Academic Entrepreneurship (OAE) addresses the need to radically change the process of technology commercialization in a university environment. The creation of the OAE is a timely response to inefficient technology transfer processes with which modern universities struggle. The OAE aims to foster and exploit technology-driven innovations that either are adopted by industry or serve as a basis for creating new ventures. With the implementation of a culture of Academic Entrepreneurship (AE), Stevens Institute of Technology recognizes the new role that universities are adopting in response to pressures - both internal and external - to create wealth through the exploitation of scientific discoveries and technological innovations. In that respect AE represents a paradigm shift in technology transfer. |
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Stevens has been at the forefront of innovation and entrpreneurship since the late 1800s. Founder Edward A. Stevens was raised in a family of inventors and entrepreneurs who transformed their inventions into a number of successful enterprises, including the first steam-driven locomotive in the U.S. in 1826. By the mid 1990s, Stevens Institute of Technology implemented Technogenesis® with the objective of changing the traditional  university technology transfer process. By creating an environment that recognizes and rewards innovation while promoting intellectual property, the Institue could exploit key faculty and student talent to foster technological innovation. Technogenesis® refers to an “educational environment, where students, faculty and industry jointly nurture new technologies from concept to marketplace realization”. This was the beginning of a long term initiative bringing about a cultural shift within the academic community to (i) introduce the concept of entrepreneurship in undergraduate and graduate education and (ii) transform the traditional technology transfer process into a technology driven innovation exploitation process.
Objectives
Functions & Responsibilities
Associate Provost Academic entrepreneurship is more than a technology transfer process, it is a shift in academic culture that adds another dimension to higher education.
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