To Michael Cleare, executive director of Penn’s Center for Technology Transfer (CTT), it’s not enough that the University is a hotbed of scientific research. If all that knowledge is to be truly meaningful, it must make its way off campus.
“Penn is one of the biggest receivers of federal research funding in the country, so we have a massive responsibility to be diligent in translating that technology into opportunities in the outside world,” says Cleare. “It’s nice to push back the frontiers of science, but it’s even nicer if you can get that knowledge used to make a difference.”
One of the ways Cleare and his colleagues are making this happen is through UPStart, Penn’s business incubator at the CTT, currently celebrating its one-year anniversary.
“There’s a pool of entrepreneurs-in-waiting here at Penn, and what we’ve created is a way for them to launch companies around their own work,” says John Swartley, CTT’s deputy executive director.
To read the full, original article click on this link: Penn’s UPStart program celebrates a year of innovation | Penn Current
Author: Evan Lerner
