{"292611":{"#nid":"292611","#data":{"type":"news","title":"Georgia Tech Impact Cited in 2014 \u201cInnovation U\u201d Report","body":[{"value":"\u003Cp\u003EThe Georgia Institute of Technology is among 12 U.S. universities cited for their success at creating economic impact through innovation. The list, known as \u201cInnovation U 2.0,\u201d uses case studies to describe innovation-related attributes of each university, including goals and aspirations, leadership, entrepreneurship, industry and community partnering and technology transfer.\u003C\/p\u003E\u003Cp\u003EGeorgia Tech is one of only six universities \u2013 Carnegie Mellon University, North Carolina State University, Purdue University, Stanford University and the University of Utah are the others \u2013 to be included in both the 2014 and 2002 versions of the report.\u003C\/p\u003E\u003Cp\u003E\u201cOne of the more heartening aspects of the Georgia Tech story is that the institution has largely stayed true to the aspirations of the founders back in the 19th century,\u201d the Innovation U 2.0 report says. \u201cThose aspirations were to develop a first class technological university, one that combined excellence in academic education with a hand \u2018in the shop,\u2019 and one that enabled Georgia to create a modern economy.\u201d\u003C\/p\u003E\u003Cp\u003EThe report goes on to note that Georgia Tech\u2019s vision is more than just aspiration.\u003C\/p\u003E\u003Cp\u003E\u201cAll of those things have been achieved and the bar continues to be raised as its impact is felt throughout the world,\u201d the report continues. \u201cGeorgia Tech is one of the great American stories [of how] sustained inspired leadership, diligence in execution, and an ever-expanding vision and culture can accomplish amazing things.\u201d\u003C\/p\u003E\u003Cp\u003EInnovation U 2.0 quotes from Georgia Tech\u2019s strategic plan, which was approved in 2010, and cites examples of how it has been implemented:\u003C\/p\u003E\u003Cul\u003E\u003Cli\u003E\u201cGeorgia Tech \u2013 a place that is both theory and science-driven but also a place that has become very good at fostering technological innovation, applications, and knowledge-based enterprise.\u201d\u003C\/li\u003E\u003Cli\u003E\u201cOne of the assumptions and themes of this book of cases is that innovation, entrepreneurship, and private sector interest is enhanced when universities do more research and problem-solving in the context of interdisciplinary centers and institutes. Georgia Tech has wholeheartedly embraced that assumption.\u201d\u003C\/li\u003E\u003Cli\u003E\u201cThese involvements put Georgia Tech in fairly exclusive company among institutions that are able to launch and maintain these fairly complex partnership relations with other institutions as well as corporate technology leaders.\u201d\u003C\/li\u003E\u003Cli\u003E\u201cOf note, roughly 50% of licenses executed by Georgia Tech in 2012 were granted to Georgia companies.\u201d\u003C\/li\u003E\u003Cli\u003E\u201cGeorgia Tech takes its innovation mission seriously, and has done so for a long time.\u201d\u003C\/li\u003E\u003C\/ul\u003E\u003Cp\u003EThe Enterprise Innovation Institute (EI\u003Csup\u003E2\u003C\/sup\u003E), home to the majority of Georgia Tech\u2019s economic development and business assistance programs, gets special attention in the report.\u003C\/p\u003E\u003Cp\u003E\u201cThe programs are quite diverse in terms of clients or participants, physical and organizational location, and collectively they encompass a continuum that extends from early technology and venture development to established firms with significant history,\u201d it says of EI\u003Csup\u003E2\u003C\/sup\u003E. \u201cThese programs leverage a mix of state, federal, and private sector funding to enhance economic development in the state of Georgia. Conceptually, the programs and clients are all united by the emphases on innovation and entrepreneurship, and the structure enables program leadership to share best practices and policies across the heterogeneous mix.\u201d\u003C\/p\u003E\u003Cp\u003ESumming up EI\u003Csup\u003E2\u003C\/sup\u003E, Innovation U 2.0 concludes: \u201cAmong the cases in this volume, [Georgia Tech\u0027s EI\u003Csup\u003E2\u003C\/sup\u003E] is probably the most novel organizational solution to the inherent diversity of activities that fall under the labels of innovation and entrepreneurship, and one that seems to have enough authority to give it a fair trial.\u201d\u003C\/p\u003E\u003Cp\u003ETechnology Square was under construction when the 2002 Innovation U report was done. The 2014 version notes the impact of the midtown development, which is home to not only EI\u003Csup\u003E2\u003C\/sup\u003E, but also the Scheller College of Business, Georgia Tech Professional Education, Georgia Tech Hotel and Conference Center, Technology Square Research Building, and Barnes \u0026amp; Noble Georgia Tech Bookstore.\u003C\/p\u003E\u003Cp\u003E\u201cTechnology Square can be seen as an intentional design effort by Georgia Tech to foster inter-sector engagement by creating a mixed-use district,\u201d says the report. \u201cTechnology Square is still only 10 years old. It is early and the aspiration is that this area will evolve into a high tech bazaar with a large variety and number of entities involved.\u201d\u003C\/p\u003E\u003Cp\u003EInnovation U 2.0 was produced by Louis G. Tornatzky, who recently retired from California Polytechnic State University, and by Elaine C. Rideout of North Carolina State University. The complete report is available online at (\u003Ca href=\u0022http:\/\/www.innovation-u.com\u0022\u003Ewww.innovation-u.com\u003C\/a\u003E).\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EResearch News\u003C\/strong\u003E\u003Cbr \/\u003E\u003Cstrong\u003EGeorgia Institute of Technology\u003C\/strong\u003E\u003Cbr \/\u003E\u003Cstrong\u003E177 North Avenue\u003C\/strong\u003E\u003Cbr \/\u003E\u003Cstrong\u003EAtlanta, Georgia\u0026nbsp; 30332-0181\u003C\/strong\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cstrong\u003EMedia Relations Contacts\u003C\/strong\u003E: John Toon (\u003Ca href=\u0022mailto:jtoon@gatech.edu\u0022\u003Ejtoon@gatech.edu\u003C\/a\u003E) (404-894-6986) or Brett Israel (\u003Ca href=\u0022mailto:brett.israel@comm.gatech.edu\u0022\u003Ebrett.israel@comm.gatech.edu\u003C\/a\u003E) (404-385-1933).\u003Cbr \/\u003E\u003Cbr \/\u003E\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003EThe Georgia Institute of Technology is among 12 U.S. universities cited for their success at creating economic impact through innovation. The list, known as \u201cInnovation U 2.0,\u201d uses case studies to describe innovation-related attributes of each university, including goals and aspirations, leadership, entrepreneurship, industry and community partnering and technology transfer.\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":[{"value":"Georgia Tech is among 12 U.S. universities cited for their success at creating economic impact through innovation."}],"uid":"27303","created_gmt":"2014-04-22 13:28:58","changed_gmt":"2016-10-08 03:16:15","author":"John Toon","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2014-04-22T00:00:00-04:00","iso_date":"2014-04-22T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"292601":{"id":"292601","type":"image","title":"Innovation U 2.0","body":null,"created":"1449244313","gmt_created":"2015-12-04 15:51:53","changed":"1475894991","gmt_changed":"2016-10-08 02:49:51","alt":"Innovation U 2.0","file":{"fid":"199278","name":"innovationu2.jpg","image_path":"\/sites\/default\/files\/images\/innovationu2_0.jpg","image_full_path":"http:\/\/hg.gatech.edu\/\/sites\/default\/files\/images\/innovationu2_0.jpg","mime":"image\/jpeg","size":391694,"path_740":"http:\/\/hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/images\/innovationu2_0.jpg?itok=PR-ditjm"}}},"media_ids":["292601"],"groups":[{"id":"1188","name":"Research Horizons"}],"categories":[{"id":"129","name":"Institute and Campus"},{"id":"131","name":"Economic Development and Policy"}],"keywords":[{"id":"2675","name":"economic"},{"id":"815","name":"economic development"},{"id":"3671","name":"Enterprise Innovation Institute"},{"id":"3472","name":"entrepreneurship"},{"id":"341","name":"innovation"},{"id":"92061","name":"Innovation U"}],"core_research_areas":[],"news_room_topics":[{"id":"71871","name":"Campus and Community"}],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003EJohn Toon\u003C\/p\u003E\u003Cp\u003EResearch News\u003C\/p\u003E\u003Cp\u003E\u003Ca href=\u0022mailto:jtoon@gatech.edu\u0022\u003Ejtoon@gatech.edu\u003C\/a\u003E\u003C\/p\u003E\u003Cp\u003E(404) 894-6986\u003C\/p\u003E","format":"limited_html"}],"email":["jtoon@gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}