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Academic and Corporate Relations Center. The President welcomes You. What does Business Want?. Undergraduate/Graduate Students Continuing Education Access to Expert Faculty, Centers, and Institutes Sponsored Research Projects Technology IP and Commercialization.
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What does Business Want? • Undergraduate/Graduate Students • Continuing Education • Access to Expert Faculty, Centers, and Institutes • Sponsored Research Projects • Technology IP and Commercialization
ITASCA ProjectFacilitate Connections“The Front Door” • Create a single point of connection between the U and Businesses for all interactions • Enable strong connections • Create a business website with searchable index of resources and links to U websites • Easy access through phone, email, etc
ITASCA ProjectFacilitate Connections“The Front Door” • Relationship Management (potentially for a fee) • Alignment with strategic partner businesses • Serve as the first contact • Manage the U side of complex issues for the Business • Reach out to Companies • Current Itasca members to serve as pilot
ITASCA Recommendations • Conduct Best Practice survey of other Institutions • Measure Front Door Activity • Hire Relationship Managers • Use Website to facilitate connections • Develop permanent working partnerships between U and Business • Develop a Phone Help Service
Connecting Collaborating Channeling Communicating Catalyzing Cooperating Facilitating Relationship Building Responding Emerging Principles
Research Agreements Student Placements Faculty Consulting Agreements Sponsorships Memberships Service Offerings Licensing Development Continuing Education Resources Business Interactions with the U
Academic and Corporate Relations Center “Three Legged Stool” • Concierge Services • Relationship Managers • Business Web Interface Support Mechanisms • Activities and Events • Resource Database
ACRC Concierge Services • Office Support M-F • Wide Variety of Business Questions • Phone or Email • Rapid Response Time • frontdoor@umn.edu • 612-626-3438 • Minnesota Toll Free: 1-866-436-0012 “The Front Door”
Centers of Expertise Network UMN Business Dev. Network Faculty Expertise Network Business Resource Database MRUN MBBNet Executive Pool Start-up Assistance Investor Network University DDD ACRC Concierge Resources
ACRC Relationship Managers • 28 Large Companies • 22Medium Companies • 32 Small Companies • 18 Trade Associations • 6 Government • 3 International Government
ACRC Activities and Workshops • Business Community Workshop Series (Collaborative and Joint) • Events Schedule • Promote University Events • ACRC Advisory Board • ACRC University Collaborators Board • Market University Services, Memberships, and Resources
Fiscal Year to Date Results Value to the University • $87,501 State Grants • $15,900 Continuing Education • $15,500 Faculty consulting • $7,500 Sponsorships • 628 people attending ACRC events • 3 Executives placed