DREXEL VENTURES: DREXEL TECHNOLOGY, COMMERCIAL IMPACT
Drexel Ventures is an enterprise that amplifies Drexel University’s capacity for translational research, discovery and innovation. Drexel Ventures helps faculty and students commercialize their inventions and launch new businesses around them. It drives large-scale innovation at the University and in the region, and is the “front door” for the private sector to connect with Drexel’s core competencies and talented faculty.
Through Drexel Ventures, the University is increasing corporate and federal R&D investment, accelerating the commercialization of Drexel-developed technologies and growing the number of new businesses based on Drexel innovations. Drexel Ventures coordinates and leverages existing Drexel entrepreneurship and innovation programs including the Coulter Foundation Translational Research Partnership, the Close School of Entrepreneurship, the Baiada Institute for Entrepreneurship and the ExCITe Center.
Drexel Ventures serves Drexel’s entrepreneurial faculty, students and alumni as well as investors and corporate and government partners. Clients can:
- Expedite technology licensing.
- Access R&D infrastructure and applied R&D services.
- Engage business development consulting to help position new companies for success.
Drexel Ventures supports University incubator and accelerator programs that are a catalyst for start-ups. And the experts at Drexel Ventures introduce promising Drexel ideas to external capital and entrepreneurs.
The Drexel Innovation Fund
Administered by Drexel Ventures, the Innovation Fund runs proof-of-concept competitions on campus to target investments where they can have the most impact in advancing Drexel-developed technologies. The Fund supports proof-of-concept projects that move faculty and student inventions closer to market, and provides seed capital to advance start-ups to the next stages of commercialization.