The US university has created a new office to coordinate its efforts to expand the startup ecosystem in its base of New Jersey and the broader region.
Princeton University, a US Ivy League private institution, has launched an office of innovation to cultivate its role in building a broader ecosystem of entrepreneurship.
The office is expected to be a key resource for faculty, researchers and entrepreneurs who want to be involved in building a collaborative ecosystem.
Craig Arnold, vice dean for innovation at Princeton, has been named the university’s first innovation officer and will lead the office. He said: “We stand at a pivotal, generational change for innovation at Princeton, as we cultivate the leaders, thinkers and problem solvers who will shape the future across every discipline – not only through products or technology but through transformative impact.”
The office of innovation will encompass three departments: strategic partnerships and engagement, technology licensing and new ventures, and innovation infrastructure and programmes.
The new entity is designed to organise the infrastructure to support innovation under one umbrella, according to the dean for research, Peter Schiffer.
It will take part in Princeton’s broader efforts to contribute to and develop the New Jersey, where Princeton is based, and regional economic ecosystems. One such initiative is the New Jersey AI Hub, a project announced last year by the university and state which aims to connect corporates with academic researchers to host accelerators and promote ethical artificial intelligence development.
