With millions of dollars of research funding and teams of experts at their disposal, more universities are seeking ways to turn research breakthroughs into business opportunities.
The answer for dozens of colleges comes down to a natural solution: an entrepreneur-in-residence program.
Mentors that help accelerate the commercialization of business ideas, entrepreneurs-in-residence can come from a variety of backgrounds and specialty areas. Their job is to help guide the flow of innovation happening across departments in a university -- from connecting different researchers on campus with each other, to seeking out legal assistance for drawing up business plans to guiding an idea from prototype to reality.
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