Measure 1:
Number of business clients served
Continue development of IDEA Commons through a combination of strategic University and private investments
Vice President and Assoc. Vice President for Research and Economic Development in cooperation with Small Business and Technology Development Center, Jordan Valley Innovation Center, and Colleges of Natural and Applied Sciences and Business Administration
Collaborate with the City of Springfield to establish IDEA Commons as a major economic activity center
Vice President and Assoc. Vice President for Research and Economic Development in cooperation with Small Business and Technology Development Center, Jordan Valley Innovation Center, and Colleges of Natural and Applied Sciences and Business Administration
Establish an advisory group, chaired by the VPRED, with representation from the University, the city and the private sector charged with developing and overseeing implementation of the long-range finance and development plan for IDEA Commons
Vice President and Assoc. Vice President for Research and Economic Development in cooperation with Small Business and Technology Development Center, Jordan Valley Innovation Center, and Colleges of Natural and Applied Sciences and Business Administration
Decrease dependence on direct congressional appropriations by increasing competitive funds received; Diversify revenue streams to support on-going JVIC operations
Vice President and Assoc. Vice President for Research and Economic Development in cooperation with Small Business and Technology Development Center, Jordan Valley Innovation Center, and Colleges of Natural and Applied Sciences and Business Administration
In collaboration with Springfield Innovation, Inc., develop and operate a business incubator focused on supporting development of new technology-based businesses
Vice President and Assoc. Vice President for Research and Economic Development in cooperation with Small Business and Technology Development Center, Jordan Valley Innovation Center, and Colleges of Natural and Applied Sciences and Business Administration
In the first year, establish targets for this measure
Vice President and Assoc. Vice President for Research and Economic Development in cooperation with Small Business and Technology Development Center, Jordan Valley Innovation Center, and Colleges of Natural and Applied Sciences and Business Administration
Integrate activities of the Small Business Technology Development Center; Springfield Innovation, Inc.; and other related University programs in the Robert W. Plaster Center for Free Enterprise and Business Development to assist entrepreneurs and local companies with innovation and product development and to increase investment capital for local companies through the expansion of the Springfield Angel Network
Vice President and Assoc. Vice President for Research and Economic Development in cooperation with Small Business and Technology Development Center, Jordan Valley Innovation Center, and Colleges of Natural and Applied Sciences and Business Administration
Utilize the extensive resources of University entities such as JVIC, CNAS and COBA to support entrepreneurial activities that foster job creation and economic growth in the region and state
Vice President and Assoc. Vice President for Research and Economic Development in cooperation with Small Business and Technology Development Center, Jordan Valley Innovation Center, and Colleges of Natural and Applied Sciences and Business Administration
Measure 2:
Number of jobs created in the region
2016 Target:
Increase from 59 to 150
Source: Small Business Technology Development Center Benchmark Comparisons
See tactics for Measure 1 "Number of business clients served"
Assoc. Vice President for Economic Development in cooperation with Small Business and Technology Development Center
Measure 3:
Number of businesses incubated
2016 Target:
Increase from 0 to 6
Source: Springfield Innovation, Inc. Benchmark Comparisons
See tactics for Measure 1 "Number of business clients served"
Assoc. Vice President for Economic Development in cooperation with Small Business and Technology Development Center and Springfield Innovation, Inc.
Measure 4:
External research funds generated
2016 Target:
Increase from $4.4 million annually to $6 million
Source: University Benchmark Comparisons
See tactics for Measure 1 "Number of business clients served"
Director of Office of Sponsored Research and Programs (OSRP) in cooperation with Provost and College Deans
Measure 5:
Total investment in new businesses or expansion of existing businesses
2016 Target:
Increase from $1.5 million to $8 million
Source: Springfield Innovation, Inc. Benchmark Comparisons
See tactics for Measure 1 "Number of business clients served"
Assoc. Vice President for Economic Development in cooperation with SBTDC and Springfield Innovation, Inc.
Measure 6:
Number of students interning/studying at JVIC/IDEA Commons
2016 Target:
Increase from 10 to 20
Source: Aspirational based on history
See tactics for Measure 1 "Number of business clients served"
Vice President for Research and Economic Development and Assoc. Vice President for Research in cooperation with Provost and College Deans