Ukmc

According to UMKC, innovation centers could be funded;

• Occasionally, they are staffed with university faculty, and funded through student fees and general operating budget.

• Other times, they will rely on federal, state/local grants, and sponsorships, and derive earned revenue from training, education, contracted services

• Ohio University incubation center raised funds during their creation phase through grants and loans in their network.

• Their networking promoted long lasting partnerships that continue to sustain the center today.

University Benefits:

Intellectual Property can certainly be monetized. companies that have incubated in Ohio University center have commercialized technologies that are owned, in part, by the university per its Technology Transfer policies. This has resulted in direct income to the university.

• Such as the economic impact in the region.

alumni, donations campaigns, alumni engagement, general support, and endowment for decades to come.

• If the center is community outreaching, it can also gain the respect of the corporate community, which in turn can result in internships, jobs for students, funding for new programs, and executive education.

Startup phase:

Grants:

Alumni: By organizing events, fund raises, bringing in connections.

Sponsorships

to convince a government entity, foundation, or alumnus with an interest in the work you’re doing, to fund the construction and startup operation of a center or incubator

Running phase:

Revenue