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Innovation and entrepreneurship are closely related concepts. Innovation typically refers to a new method or idea about a product design, or a process for producing a product or service that creates value--technical, social or economic value, or some combination. More and more organizations desire to harness innovation or creativity to ensure their success as an enterprise. Entrepreneurship is typically associated with starting a new venture or organization. Innovation and entrepreneurship are driving forces in today's economy.
The Institute for Innovation and Entrepreneurship (I4IE) serves as a hub for greater learning and knowledge, for resources and infrastructure, and for innovation and entrepreneurial activities. The I4IE serves faculty, students and staff across campus as well as others in the Kittitas Valley and Central Washington communities, including those associated with university centers. Entrepreneurs, venture capitalists, angel investors, retired business executives (including SCORE), faculty and others with expertise form the resource base for the I4IE. The I4IE hopes to serve as a catalyst for regional economic development.
The mission of the Central Washington University Institute for Innovation and Entrepreneurship is to encourage, develop and facilitate innovative and entrepreneurial ventures through academic programs, research and community outreach.
There are four primary goals that define operations for the I4IE:
The I4IE will pursue activities and initiatives that include:
The I4IE received initial support from the Herbert B. Jones Foundation to develop and sustain the institute. Since 1995, the Herbert B. Jones Foundation, based in Bellevue, has promoted entrepreneurism through support for new business programs managed by post-secondary educational institutions in Washington. The initial funding focuses primarily on: student business plan competition, creating a center for entrepreneurship and developing the Innovation & Entrepreneurship Speaker Series. Additional funding provided to expand I4IE programming.
In addition, the Patricia Galloway and Kris Nielsen Foundation awarded grants to the Institute for program development. The Galloway and Nielsen Foundation, based at Unionville Ranch in Cle Elum, was founded in 2009 and supports original research that seeks to create innovative products and services which integrate science and engineering with management concepts. The goal is to assist scientists and engineers in developing creative and innovative ideas that improve the quality of life for all.
By connecting to successful entrepreneurs, I4IE intends to continue building a strong network of support.
Executive Director: Dr. Roy Savoian
Entrepreneur-in-Residence: Roland ("Sandy") Wheeler (CWU '74, Accounting) will serve as the Entrepreneur-in-Residence and assist with pursuing institute goals, developing an advisory group and creating a cohesive network or core group of entrepreneurs.
Dear Campus Community, November is the month of giving. I hope you will join me in celebrating and p2014 Distinguished Alumna Julia Christophersen
Six Central Washington University graduates who exemplify the Wildcat spirit were recognized at theCWU Business Associate Professor, James Avey, Keynote Address 2014 Convocation
CWU Business Associate Professor, James Avey, gave a motivational keynote address at the annual CWU