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University of Minnesota

University of Minnesota. Entrepreneurial Leave Program March 2012. Entrepreneurial Leave Program. Facilitate temporarily leave for faculty inventors who want to help an external organization commercialize a UMN IP-based product or service. UMN Benefit: Create institutional value by …….

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University of Minnesota

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  1. University of Minnesota Entrepreneurial Leave Program March 2012

  2. Entrepreneurial Leave Program • Facilitate temporarily leave for faculty inventors who want to help an external organization commercialize a UMN IP-based product or service. • UMN Benefit: • Create institutional value by ……. • increasing potential for successful translation and commercialization of research • increased faculty knowledge and experience for teaching • improved commercial research focus • increased UMN public engagement

  3. Entrepreneurial Leave Program • Why is this important? • President Kaler is committed to a culture of entrepreneurialism and innovation • Faculty inventors are a key ingredient in successful commercialization of UMN research • Increasing pressure to demonstration ROI and drive economic development from research • There is a need to increase public engagement and industry relationships

  4. Benchmarks • External • University of Louisville Active program • Ohio State University Active program • National Cancer Institute-Frederick Active program • Northwestern University-McCormick Active program • Michigan Tech Active program • Stanford University No program • University of Utah No program • Columbia University No program • University of Wisconsin-Madison No program • Internal • Chuck Muscoplat, Senior VP; System Academic Admin Completed • MosKaveh, Associate Dean; College of Science and Engineering Completed • Abel Ponce de Leon, Associate Dean; Food, Agr, Nat RsrcSciAdmin Completed • Tucker LeBien, Associate VP for Research; AHC Completed

  5. Proposal • Work within the same structure as we have today by keeping the program rules mostly the same Sabbatical Leave, Single Semester Leave and Entrepreneurial Leave • Available when working with UMN licensed IP or when substantially demonstrating institutional benefit (business faculty) • No salary support but no limit the amount of outside compensation available to the faulty • Operation details are TBD; coverage to offset healthcare benefits costs • Limited to one year, requires 100% leave • Eligibility every four years • Requires monthly “check-ins” with supervisor and OTC representative Keep it simple, work within the current framework Take a first step and get it out quickly

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