Purdue University and the University of Southern Indiana (USI) are partnering with Naval Surface Warfare Center, Crane Division to help bring technologies developed at the facility to market and spur the growth of startup businesses in the region.
“Part of this initiative involves Purdue taking over 130 Crane innovations and running them through their MBA students,” said Daniela Vidal, director of USI’s Center for Applied Research. “It’s a way to get Crane in a more usable format and out into the world.”
The two schools have collaborated with Crane for years, with Purdue supplying its expertise in entrepreneurship to the partnership. The school has been marketing technologies developed at Crane, including warhead sensors and anti-tampering technologies. Purdue students conduct market analysis studies and business-canvass modeling, reported the USI Shield.
“There is a lot of [technology] coming out of Crane and various other places and we just wanted to assist them in any way we could,” said Cliff Wojtalewicz, managing director for the Burton Morgan Center for Entrepreneurship at Purdue.
USI recently led four sessions to map and catalogue the resources used by startups, and received funding to allow the firms to start prototyping their ideas. The Indiana University of Law will become a partner as well, allowing the collaboration to use its intellectual law clinic. The Indiana Office of Defense Development provides funding for the effort.
“At the end of the day, the goal is to build and grow this innovation ecosystem so we can generate more jobs and economic growth because of these technology-based startups,” Vidal said.