Grace Chou: Strengthening entrepreneurship and economic development in Nevada | Undergraduate Study

Grace Chou

Title

Strengthening Entrepreneurship and Financial Enhancement in Nevada

Mentor

Grace Chou

Department

Exploration & Innovation

Bio sketch

As Chief Innovation & Commercialization Officer, Grace Chou qualified prospects the all round advancement of the University’s technology commercialization things to do and its Innevation Heart, a hub of entrepreneurship, collaboration and occupation generation in downtown Reno and an anchor to the regional innovation ecosystem.

Chou delivers wide company knowledge in R&D, intellectual property, startup ventures, company development and strategic setting up. Her occupation involves senior-amount positions with DuPont Industrial Biosciences, SRI Intercontinental and undertaking-backed startups, all based mostly in the San Francisco Bay Place. Even though at SRI Global, she was a important member of the licensing & ventures crew wherever she aided start many technological know-how startups. She has been an invited speaker at early-stage investment decision boards and technology enterprise activities in Silicon Valley. She came to the University from the Nevada Governor’s Office of Economic Growth the place she was director of manufacturing & engineering.

Chou is a previous board member for the Bay Space Science and Innovation Consortium (Primary) and has taught at Sierra Nevada University in Incline Village. She moved to the Tahoe-Reno space in 2016 partly mainly because of her appreciate for the outdoors. She has witnessed huge expansion in entrepreneurial activities in the Tahoe-Reno space and the emergence of Reno as a know-how hub.

Chou holds a Ph.D. in chemical engineering from the University of California, Berkeley and a bachelor’s in chemical engineering from the University of Texas at Austin. She has also gained govt education and learning from the Northwestern University Kellogg University of Management.

Venture overview

This investigation project aims to discover the critical obstacles to entrepreneurship this kind of as aversion of threats, deficiency of sources this kind of as financial and human money, deficiency of social support, and cultural barriers. The concentration will be the point out of Nevada. What is the “state of entrepreneurship” in Nevada in contrast to other US states or areas? Are there various limitations and challenges going through northern, southern and rural Nevada? Are there distinct obstacles and problems experiencing selected underrepresented groups these as girls or racial/ethnic teams? What authorities or personal packages are wanted to foster entrepreneurship in Nevada? What means are needed to support business people thrive?

Entrepreneurs add to financial growth by introducing impressive products and solutions and providers, producing jobs, and advertising and marketing states and country’s export trade. The final results of this investigate challenge can likely support stakeholders in federal government, instructional institutions and the community in creating procedures and plans to foster and fortify entrepreneurship in Nevada.

Problems of Commercializing University Innovation

Universities are an engine for innovation. College and researchers at universities are generally at the forefront of new concepts, innovations, and scientific discoveries. Still, bringing university innovations to the market are faced with a multitude of issues. This research challenge aims to establish the important limitations and difficulties in commercializing university innovations. These kinds of technology commercialization is frequently referred to as “technology transfer.” Every single investigate university has a “tech transfer” business office (the TTO). They all face some of the exact same challenges this kind of as lack of ample funding and assistance, college engineering becoming much too early to catch the attention of industrial purchasers, constraints on college time, coverage/regulation boundaries, and so on. Are there difficulties or obstacles special to the universities and investigate establishments in Nevada? Are there diverse problems in tech transfer in between academia and distinct industries – for illustration, biotechnology or lifetime sciences vs. mining or automotive. What plan and means are wanted to fortify tech transfer functions at universities? What programs are required to aid college business people with the desire to commercialize their innovations?

Commercialization of college technologies offer public reward to culture and mankind, irrespective of whether it’s bringing a new drug to address a rare ailment to people or building a technological know-how to mitigate local weather adjust. The success of this research can perhaps assist govt and universities in making insurance policies and programs to strengthen engineering commercialization from universities.

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