Research & Entrepreneurship Lecture Series “Innovation and Entrepreneurship: Driving the Modern-day Mission of a Land-Grant Institution” Dr. Nicholas P. Jones Stevens Institute of Technology Tuesday, May 10, 2016 OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST

Penn State: A Long, Rich History OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST

A Vast Educational Enterprise 24 campuses One University, geographically distributed More than 97,000 students “2+2” Program OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST

A Broad-Based Institution More than 17,000 faculty and staff Top-ranked online “World Campus” offers 125+ certificate and degree programs OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST

Solid Commitment to Research University’s research expenditures have exceeded $800 million for five consecutive years Funding includes more than $500 million annually from federal agencies and departments Wide range of multimillion-dollar awards across disciplines OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST

Did You Know? Penn State’s Breazeale Nuclear Reactor is the longest-operating licensed research reactor in the U.S. Students hand-dip about 750,000 cones and bowls of ice cream each year at the Berkey Creamery OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST

Driving Discovery and Change OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST

Penn State’s New Strategic Plan: “Our Commitment to Impact” Sets the table for the University’s next five years ( ) Published in February 2016 First of five thematic priorities is “Transforming Education,” which requires intense focus on research-driven innovation OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST

Land-Grant Institutions: A Nationwide Impact There is at least one land-grant institution in every U.S. state and territory, including NJIT Mission still has vital, contemporary relevance OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST

Key Federal Actions and Support OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST Morrill Acts of 1862 and 1890 Hatch Act of 1887 Smith-Lever Act of 1914 (pictured: Old Main at Penn State, mid-1800s)

Penn State’s Evolution as a Land-Grant Institution Chartered 161 years ago Designated Commonwealth’s only land-grant institution three years later (pictured: History class at Penn State, 1864) OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST

Penn State Continues to Grow Penn State Extension Graduate School Commonwealth Campuses College of Medicine World Campus (pictured: Penn State Berks, mid-1950s) OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST

The Mission and its Challenges Increasingly complex world Contemporary relevance Alignment with University’s strategic plan Broader impact beyond the Commonwealth (pictured: Old Main, 1860s) OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST

Invent Penn State OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST Collaboration among students, faculty, alumni, community, businesses Drives job creation, economic development Encourages and nurtures entrepreneurship $30M initial commitment

Happy Valley LaunchBox OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST New business accelerator program with many benefits Entrepreneurs with scalable business concepts apply Concept expanding to other campuses

The EdTech Network OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST Promotes collaboration among companies, students, faculty, staff, and alumni to foster transformational education First EdTech Summit held Vertical program called DreamIt offers entrepreneurs additional partnerships, benefits

IST Startup Week OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST Showcase for innovation and entrepreneurship, now in its 5 th year Speakers include alumni who founded notable IT-relevant companies, such as Dropbox and Weebly

New “Learning Spaces” OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST One example: Maker Commons, which allows students to explore maker technologies as part of their coursework “Lunar Lion” project team using 3D printers to build engine models, other parts

Global Entrepreneurship Week OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST Small Business Development Center organizes 100+ events for Week Center also helped 100+ student entrepreneurs in 2015, secured $7.5M in financing

Innovation in Action OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST

Why It All Matters OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST Exploration, research, innovation all vital to University’s future Leverage abundance of talent to drive success Extend Penn State’s global reach and impact

Embracing Risk to Achieve Impact OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST

Thank You! Questions? Comments? OFFICE OF THE EXECUTIVE VICE PRESIDENT AND PROVOST