Virginia Tech has developed a number of University-Based Economic Development (UBED) programs as part of its long-term strategy to help connect faculty and students with companies and communities.
According to John Provo, Office of Economic Development Director, “The global network starts as soon as you walk out the door. We facilitate the sharing of Virginia Tech’s intellectual capital with the private sector to develop problem-solving solutions.”
One such group is VT-IDEA (Virginia Tech Intelligence and Defense Executive Alumni). Founded in January 2009, VT-IDEA is made up of alumni working in senior government and industry positions in the national security sector. The group’s mission is two-fold: it serves as both a resource for national security professionals to better connect, and it helps Virginia Tech get even more plugged in to the national security space.
Through its efforts to build a faster pipeline from the research in Blacksburg to the cyber security needs in D.C., VT-IDEA has recently helped introduce two new ideas to industry insiders. The first is a data safeguarding device that can wipe tablets and cell phones clean, removing confidential information once the individual has left a secured area. The second technology foils radio signal eaves-droppers. The technology senses the intrusion and reconfigures the network to make it secure.
VT-IDEA not only helps spot and commercialize winning solutions; it also puts early stage entrepreneurs in touch with financing and venture capital sources. The group will be doing just that at its upcoming meeting “VT-IDEA Presents Innovation and Entrepreneurship at VTECH” on June 21 at the VT Research Center - Arlington.
To learn more about how the VT-IDEA group and Virginia Tech’s Office of Economic Development are building partnerships with the business community, click on the highlighted links.