FOR IMMEDIATE RELEASE
Aug 7, 2006 #127
Contact: Nick Barron
Institute for Entrepreneurship and Innovation celebrates designation as Missouri Innovation Center Appointment strengthens public-private partnership for technology transfer in Kansas CityGreg Steinhoff, director of the Missouri Department of Economic Development, will be at the University of Missouri-Kansas City’s (UMKC) Institute for Entrepreneurship and Innovation (IEI) to announce IEI’s designation as a Missouri Innovation Center. The signature event is at 9 a.m. August 11 at IEI’s offices, 4747 Troost.
Steinhoff will be joined by UMKC Chancellor Guy Bailey and Jason Curry, an entrepreneur who has been aided by IEI in marketing a device that allows for face-to-face communication between deaf and hearing people. Homer Erekson, dean of the Henry W. Bloch School of Business and Public Administration, will host the event.
The Missouri Innovation Center at IEI is important to the Kansas City area because it will cultivate an entrepreneurial environment by joining the University, the state, the community and global resources to:
∙ create innovative methods for identifying technology transfer and other commercialization opportunities.
∙ deliver the precise resources needed by new and existing businesses to drive business growth.
“The Institute for Entrepreneurship and Innovation offers young innovators and inspired entrepreneurs a unique learning laboratory in which to shape ideas and their future,” Bailey said. “This designation is an important step towards helping the IEI achieve its goal of becoming one of the top national centers for the study of innovation and entrepreneurship, and an important vehicle to promote business development and technology transfer in the Kansas City region and for the state of Missouri.”
Curry is president of sComm, Inc., which was founded after both he and his father had become frustrated with their inability to communicate in person. They developed a portable, wireless product, titled the UbiDuo, which allows for face-to-face communication between deaf and hearing people similar to instant messaging. sComm was one of many local companies who took part in IEI’s New Venture Challenge Competition last spring, which gave Bloch graduate students the opportunity to fully assess an intellectual property’s market potential and develop a business plan around the concept and product.
The team representing sComm and UbiDuo took second place at the competition and sComm won the Governor’s Technology Company of the Year Award for 2006. IEI and its umbrella organizations, such as the Small Business and Technology Development Center, have worked closely with sComm to secure funding for the creation of UbiDuo, including grants from the National Institutes of Health totaling $1.4 million.
The Institute for Entrepreneurship and Innovation at the Bloch School provides an educational experience that combines the best in academic programs with exciting entrepreneurial experiences, connecting students to business leaders and scholars, and providing hands-on experiences in visualizing and designing new enterprises.
The Bloch School is Kansas City’s only institution that is fully accredited in both business and public administration by prestigious, international accrediting bodies that set rigorous standards for their member institutions to maintain. In business, the Bloch School is accredited by AACSB (The Association to Advance Collegiate Schools of Business) International, which accredits only eight percent of the business schools in the world. In public administration, the Bloch School’s public affairs program is accredited by the National Association of Schools of Public Affairs and Administration.
The University of Missouri-Kansas City (UMKC), one of four University of Missouri campuses, is a public university serving more than 14,000 undergraduate, graduate and professional students. UMKC engages with the community and economy based on a three-part mission: visual and performing arts, health sciences, and urban affairs.
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This information is available to people with speech or hearing impairments by calling Relay Missouri at (800) 735-2966 (TT) or (800) 735-2466 (voice).