Sramana Mitra: I think of a well-articulated framework in the picture. Let’s go into more detail on it. Where are you as Dell, as an organization, along that continuum? How much of that very specialized SARS application, procurement, or positioning is happening in different parts of your organization, and how is it managing that inflow of diverse application, integrating them, and keeping all that intrusion of new functionality from different parts of the organization into IT? >>>
By guest authors Irina Patterson and Candice Arnold
Bruce: Medipacs [one of the incubator’s success stories] is a very low cost, highly reliable infusion pump. The inventor is a man named Mark Banister.
Medipacs pumps could be produced at a fraction of the cost of the current pumps available on the market. The pumps could be used for three or four days, and then they’re disposable. They also allow for continuous monitoring of the medication being administered. They have a number of cool applications. >>>
By guest authors Irina Patterson and Candice Arnold
Stephen: One of the larger donors to Georgia Tech Edison Fund is the Charles Edison Fund. That is the fund that was set up by the son of Thomas Edison. They allow us to use the Thomas Edison name. >>>
By guest authors Irina Patterson and Candice Arnold
Irina: On average, how long does a company stay in your incubator?
Stephen: It’s all over the map. The life science companies take longer. We actually don’t have a time horizon in mind for our life science companies. They’re so dependent on the underlying science and the regulatory approval process. >>>
By guest authors Irina Patterson and Candice Arnold
I am talking to Stephen Fleming, who is a vice president at the Georgia Institute of Technology in Atlanta, where he is currently overseeing the Enterprise Innovation Institute.
The institute is focused on helping enterprises improve their competitiveness through the application of science, technology, and innovation. During fiscal year 2009, among other projects, the institute evaluated 149 Georgia Tech innovations and formed 20 new companies based on this intellectual property; the startups that were founded based on Georgia Tech intellectual property attracted nearly $111 million in investment. The institute also assisted 44 startup technology companies through its incubator, Advanced Technology Development Center, and ATDC companies attracted $151 million in capital activity through venture capital investment and M&As. >>>
By guest authors Irina Patterson and Candice Arnold
Irina: You fund programs and events but you don’t directly invest in companies, right?
Danny: Yes. Unfortunately, we’re not allowed to do that. >>>
In this week’s column, Streamlining Innovation, HP Labs Director Prith Banerjee discusses the company’s corporate innovation strategy.
SM: I have been on a lot of campuses lately and talked with a lot of young people. There is a trend I am seeing which did not exist when I was in school. People are not doing things based on their passions as much, and they are now doing them for money. People have decided that finance is the easy way to make money, and it is. A great computer scientist or astrophysicist can go be a hedge fund manager and make a lot more money than they can at HP Labs.
PB: I have agreed with that for a long time. At HP we are exploring the ways in which we can provide financial rewards for our researchers. >>>