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Venture Community and Venture Think Tank

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[United Nations]

 

Academia, Industry, and Government Collaboration

 

 

- Overview

A business venture represents a new initiative to create or expand a company, often involving significant risk and investment. Entrepreneurs launch these ventures to explore new markets, introduce innovative products, or establish novel business models. 

Academia, Industry, and Government collaboration (IAGC) is a partnership between universities, private sector companies, and governmental organizations to exchange ideas and resources. IAGC can be formal or informal, and can involve two or all three entities.

IAGC can:

  • Improve research and development: IAGC can reduce the time and resources needed for technological development, and make research and development more efficient.
  • Create innovative solutions: IAGC can broaden perspectives and encourage innovative solutions by bringing together diverse approaches.
  • Address societal needs: IAGC can help tackle society's most pressing challenges by gathering resources and expertise from different sources.
  • Provide opportunities for students: IAGC can help students create opportunities, foster creativity, and experience the local community.


Some examples of IAGC include:

  • Funding: National universities and other institutes can provide funding, human resources, and technical support to venture businesses.
  • Cross-appointment system: Researchers or experts can be employed by two or more organizations, including universities, public research institutes, and companies.
  • Advisory relationships: Academics can provide guidance to federal agencies on specific topics or issues.
  • Government programs: The National Cancer Institute (NCI) Alliance for Nanotechnology in Cancer is an example of a government program that encourages IAGC.


- The Integration of the Humanities and Arts with Sciences, Engineering, and Medicine

As different ways of knowing, sharing and making meaning, the arts and humanities enhance our understanding, inspire compassion and creativity, and stimulate our cognitive abilities.

Art represents complex ideas, often conveyed with simplicity and aesthetic shock, and yields interpretations and analyzes that may go far beyond the artist's original intent. The humanities enable us to make connections across time and cultures, recognize patterns of consequences, and engage in self-observation and reflection.  

The arts and humanities enrich our experience and connect us to the lives and perspectives of others.


- Accelerating Innovation with Leadership

Bill Gates: Accelerating Innovation With Leadership: 'Innovation starts with government support for the research labs and universities working on new insights that entrepreneurs can turn into companies that change the world.' 

The Emerging Information and Technology Association (EITA) brings together Today's leading experts in academia, industry and government from all over the world who provide the highest quality research, analysis and recommendations on a full range of emerging technologies, market and social trends. 

The EITA Research Community is recognized worldwide as a leader in innovation. Innovation in research and engineering is achieved through the integration of a broad foundation of experts from the engineering disciplines and the sciences.

 

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[Princeton University - Office of Communications]

- Mission and Goals

In today's interconnected world, there are more opportunities than ever to grow companies across borders. However, scaling requires knowledge and skills that go beyond building a startup at the start-up stage, especially when language and cultural differences are involved. 

The EITA Venture Community (EITA-VC) is aimed at building a dynamic and growing global community of entrepreneurs, innovators and thought leaders who are changing the world, and helping high-tech entrepreneurs and startups to advance their ideas and ventures in all aspects. We accomplish these by:

  • Supporting cutting edge research and education that promote innovative and entrepreneurial thinking.
  • Connecting, enabling, and inspiring the research community to create innovative new ventures and to move technological knowledge from the laboratory to the marketplace.
  • Creating a hub for the interests and pursuits of the entrepreneurial community where practitioners, investors, regulators, professors and researchers come together to develop ideas and contribute toward building the emerging new economy and culture.
  • Providing a forum for the venture community to exchange insights about how to effectively grow high-tech startups and emerging companies amidst dynamic market risks and challenges.
  • Helping individuals or teams receive funding opportunities from investors for their business projects.  

 

 - Creativity, Innovation, and Invention

One of the key requirements for entrepreneurial success is your ability to develop and deliver something unique to the market. Entrepreneurship is associated with creativity over time, the ability to develop something original, especially an idea or a representation of an idea. 

Innovation requires creativity, but innovation is more specifically the application of creativity. Innovation is the expression of creativity into usable products or services. In an entrepreneurial context, innovation is any new idea, process, or product, or change to an existing product or process, to add value to an existing product or service. 

All inventions contain innovations, but not every innovation rises to the level of unique inventions. For us, an invention is a truly novel product, service or process. It will be based on previous ideas and products, but it's a leap forward, it's not seen as a complement or variation on an existing product, but something unique.

 

 

[More to come ...] 

 

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