Yale Ventures, a new endeavor to help teachers and students turn their ideas into medical, technology, scientific, and engineering enterprises, as well as foster innovation and entrepreneurship in New Haven, was unveiled on Tuesday morning.
Josh Geballe, a newly appointed Senior Associate Provost for Entrepreneurship & Innovation, will lead Yale Ventures. The program intends to provide more organized support for University-developed inventions, turn ideas into firms, enable corporate sponsorships, and increase the local entrepreneurial ecosystem. Intellectual Property and Licensing Services, Innovation Training and Startups, Corporate Partnerships, and the Innovation Community will be the four core components. New University investments will be used to finance each of these divisions.
“The launch of Yale Ventures is an important step in expanding the impact Yale will have on addressing many of the world’s biggest challenges,” Geballe said. “New Haven is booming with exciting startups, imagined and led by talented people on the cutting edge of medicine, science and engineering, who are eager to see their work result in new products and services that make a large-scale impact. Yale Ventures intends to play a key role in making New Haven a globally recognized hub of innovation, and this is the ideal time to undergo this exciting transformation.”