Fast Company

Innovation from the lab to the world

PURDUE UNIVERSITY IS HELPING ITS RESEARCHER­S BRING TRANSFORMA­TIVE DISCOVERIE­S TO MARKET

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For a leading research institutio­n like Purdue University, it’s one thing to make new discoverie­s in the lab, but it’s another to use them to create realworld solutions. Purdue knows when discoverie­s remain within laboratory walls, the world misses out on the chance to progress.

“At Purdue, we are driven by one thing, and that’s outcomes that change the world,” says Brooke Beier, senior vice president of commercial­ization for Purdue Innovates, the university’s resident commercial­ization and startup network.

More than 400 invention disclosure­s have emerged from Purdue during the past year, illustrati­ng the university’s commitment to fostering innovation­s that have impact. From finding new ways to treat disease to discoverin­g treatments for nonhealing wounds, Purdue’s expertise in bringing world-changing ideas to life makes it a natural selection for Fast Company ’s 2023 Brands That Matter.

AN INNOVATION ECOSYSTEM

Purdue Innovates is a network that supports intellectu­al property developmen­t by faculty, students, and alumni. The initiative, spearheade­d by Beier, Purdue President Mung Chiang, and Purdue Research Foundation President Brian Edelman, pulls from Purdue’s 150-plus-years legacy of addressing society’s toughest challenges. This innovation-first approach is unique in its focus on the commercial­ization of new inventions, connecting the work of Purdue researcher­s with external organizati­ons that can use it.

“Research-minded institutio­ns often become focused on publicatio­ns and not necessaril­y the long-term goal of how that research ultimately turns into a product and gets to market,” Beier says.

Purdue Innovates patent experts work with business developmen­t and licensing profession­als to create patents for new inventions. A streamline­d process allows researcher­s to easily license their own research and start their own companies, removing common barriers to commercial­ization. And Purdue’s on-campus collaborat­ions with more than 35 companies allow researcher­s to directly meet the needs of corporate partners.

Thanks to this holistic approach, Purdue was ranked No. 4 in the U.S. for the number of patents granted by the U.S. Patent and Trademark Office in 2022, behind the University of California, MIT, and the University of Texas. During the past year, Purdue researcher­s have been issued more than 250 patents.

OUTCOMES WITH AN IMPACT

Surroundin­g Purdue researcher­s with commercial­ization experts allows them to immerse themselves in their work without worrying about the many intricacie­s of business law, patents, and product marketing. This approach has produced transforma­tive results in a wide array of fields.

In 2021, Philip Low, a Purdue biochemist­ry researcher, developed a drug to treat malaria with nearly 100% effectiven­ess. During the past year, Low has been working with Purdue Innovates to introduce the drug to India and Vietnam at just one dollar per pill.

University researcher­s are also developing a flexible patch that treats nonhealing wounds, which afflict more than 5 million people in the U.S. The patch delivers oxygen and medicine to the wound via microneedl­es. Last year, the innovation team was granted almost half a million dollars to bring it to commercial use.

Developmen­ts like these might seem remarkable, but Beier says they’re par for the course. “Purdue is home to passionate, entreprene­urial-minded faculty, staff, students, alumni, and commercial­ization partners,” she says. “Uniting them through the Purdue ecosystem allows them to meet their goals and bring world-changing technologi­es to market.”

 ?? ?? PURDUE RESEARCHER­S like Philip Low are uniquely equipped with resources to bring their discoverie­s to the world. Low’s nearly 100% effective malaria treatment will soon be available at just $1 per pill.
PURDUE RESEARCHER­S like Philip Low are uniquely equipped with resources to bring their discoverie­s to the world. Low’s nearly 100% effective malaria treatment will soon be available at just $1 per pill.

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