A bright IDEA
In just its first year, the IDEA Center at Innovation Park launched 27 companies, nearly equaling the number of startups, 33, in the University’s history. To qualify as a startup, companies must be licensed as a business, have a business plan and management team, and have completed the IDEA Center’s “de-risking” process, which assesses innovative ideas for their market potential. The 27 startups include companies involved in health care, information technology, law, and media. Collectively, they raised more than $4 million in investments or grants, created 83 new jobs, launched 23 products, and generated more than $500,000 in sales. Thirty-one of the 55 startup company founders were Notre Dame students.
- 27 idea center startups
- $4M in investments/ grants
- 23 products launched