About University of rhode island research foundation
The University of Rhode Island Research Foundation, also known as URI Ventures, is a non-profit organization that works in collaboration with the URI Division of Research and Economic Development to promote innovation and creativity among the faculty, employees, and students of the University. The primary objective of this foundation is to commercialize intellectual property developed by these individuals for the betterment of society.
URI Ventures has been instrumental in fostering a culture of entrepreneurship at URI. It provides support to researchers and inventors by helping them navigate through complex legal procedures involved in patenting their inventions. The foundation also assists them in securing funding for their research projects through grants or venture capital investments.
The URI Division of Research and Economic Development plays a crucial role in facilitating research activities at the University. It provides resources such as state-of-the-art laboratories, equipment, and technical expertise to researchers across various disciplines. This division also collaborates with industry partners to develop innovative solutions that address real-world problems.
One notable achievement of URI Ventures is its success in commercializing intellectual property developed by researchers at the University. Over the years, it has helped launch several start-ups based on technologies developed at URI. These start-ups have gone on to create jobs and contribute significantly to economic growth in Rhode Island.
URI Ventures offers several programs aimed at promoting innovation among students at URI. One such program is the Student Innovation Fellowship Program (SIFP), which provides funding for student-led projects that have commercial potential. SIFP helps students gain valuable experience working on real-world problems while providing them with an opportunity to develop entrepreneurial skills.
Another program offered by URI Ventures is called Proof-of-Concept (POC) Funding Program. This program provides funding for early-stage research projects that have significant commercial potential but are not yet ready for venture capital investment or licensing agreements.
In addition to these programs, URI Ventures hosts several events throughout the year aimed at promoting entrepreneurship among students and faculty members alike. These events provide an opportunity for individuals to network with industry experts, investors, and other entrepreneurs.
URI Ventures has been successful in creating a vibrant ecosystem of innovation and entrepreneurship at URI. Its efforts have resulted in the creation of several start-ups that have gone on to achieve significant success. The foundation's commitment to promoting innovation and creativity among students, faculty members, and employees is commendable.
In conclusion, the University of Rhode Island Research Foundation (URI Ventures) is a non-profit organization that plays a crucial role in promoting innovation and entrepreneurship at URI. Its collaboration with the URI Division of Research and Economic Development has resulted in several successful commercialization efforts over the years. The foundation's commitment to fostering a culture of entrepreneurship among students, faculty members, and employees is commendable. With its various programs aimed at promoting innovation among students and researchers alike, URI Ventures is poised to continue making significant contributions towards economic growth in Rhode Island.