A key part of IURTC’s mission is creating new Indiana-based companies to commercialize some of the important discoveries coming out of innovative research at IU. IURTC’s SpinUp program is dedicated to helping IU faculty, postdocs, and graduate students across all campuses quickly launch companies founded on IU intellectual property.
SpinUp helps with the early administrative functions of running a business so faculty members can focus on the research that drives it.
IURTC works with local service firms that provide everything a new business might need, including insurance, payroll, and grant consulting. It also helps founders raise funding for their fledgling businesses.
As of fall 2017, SpinUp has founded 24 companies and created 30 new entrepreneurs among IU faculty—including seven women. SpinUp companies have raised more than $10 million to help the companies get off to a great start.