Innovation and Entrepreneurship Building on our deep expertise and scholarly contributions in social and for-profit entrepreneurship, Drexel is dedicated to the translation of new knowledge generated by Drexel faculty, staff, and students into practical use. Drawing on resources in the new Innovation Neighborhood being developed at Philadelphia’s 30th Street Station, which includes state-of-the-art facilities like ic@3401 and the University City Science Center, as well as international resources like the Drexel-SARI Center in Shanghai, China, our researchers, scholars, and students are working with entrepreneurs, angels, VC entities, and other corporate and enterprise leaders to study entrepreneurship and innovation processes while accelerating the translation of Drexel research outcomes to practice. Drexel’s Baiada Institute for Entrepreneurship bridges education and entrepreneurship by linking research, coursework, experiential learning, and entrepreneurial thinking with practical guidance for budding entrepreneurs. The Institute's mission—underscored by a deep interdisciplinary nature to develop entrepreneurial leaders and foster the creation of successful technology ventures within the Drexel community — distinguishes it as one of the nation’s leading entrepreneurship programs. Students from every academic discipline are encouraged to participate in the Institute, through interactive workshops, entrepreneurial courses, and an annual Business Plan Competition and Entrepreneur Conference. In the Coulter Translational Research Partnership program, Drexel joined with the Coulter Foundation to create a $20 million endowment to bring lifesaving solutions to clinical practice through the translation of promising biomedical discoveries. The Coulter-Drexel endowment is used to make proof-of-concept investments in translational research projects led by teams of biomedical engineers and clinicians. In the program, our multidisciplinary research teams are paired up with entrepreneurs, investors and patent attorneys who have the business skills necessary to transform great ideas into practical products. During the first five years of the Coulter-Drexel partnership, 21 projects were the beneficiaries of proof-of-concept investments. Commercialization funds from the Ben Franklin Technology Partners/SEP, Innovation Grants from Pennsylvania’s Department of Community and Economic Development and the University City Science Center’s QED Proof-of-Concept Program supplemented and extended the impact of the Coulter-Drexel investment. To date, these proof-of-concept projects have produced more than 40 full patent applications, three issued patents, and one copyright registration. About one-third of the projects have produced licenses.