Marshall University has launched a new initiative designed to make it a leader in bio-tech research called the Marshall Institute of Interdisciplinary Research (MIIR).  Part of this initiative is bringing to market the innovations which are developed by faculty, students and staff.  The University considers this entrepreneurial effort to be absolutely essential to encouraging entrepreneurial research and research-based economic development. MIIR, cooperating with the Center, will make it possible for innovators to profit from their innovations. By bringing innovation to the market MIIR also will provide a stream of royalty income for the institution.

The University’s support of entrepreneurship is not limited to bio-tech innovation.  It is actively seeking to bring to market innovations in transportation, engineering, medicine and art.  These advances are being promoted by the patent process and through the securing of venture capital through Marshall University Research Corporation’s Technology Transfer Office.

The Center will play an important role in the University’s entrepreneurial thrust.  Using the expertise of the LCOB and others on campus, the Center will provide direct assistance to entrepreneurs in the drafting of comprehensive business plans.  Virtually all innovators have little, if any understanding of how to evaluate the marketability of their ideas, how to establish a business using their innovations or the intricacies of patents and venture finance. The Center will serve as a resource and catalyst for entrepreneurial ventures.

 

 

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