President John A. Fry announced July 1 the launch of Drexel Ventures, an innovation fund, incubator and technology transfer within the University. The program will provide support for faculty, students and alumni to create new businesses while fostering economic growth and development in the Greater Philadelphia region.
“How do we take all the talent that we have here in Philadelphia, keep it here and allow it to function within an innovation ecosystem that produces new business, new jobs and creates a virtuous cycle? …We are trying to say to our Drexel students and our Drexel faculty, ‘If you’re someone with an idea that you would like to take to market, we will provide the infrastructure for you to do it,’” Fry said.
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