The famous economist Dr. William Baumol has shown that all of the economic advances since the mid-15th century have been the result of innovation. Further, the pace of innovation has been increasing over time, and we now live in an age wherein innovation is practically exploding.
Innovation leads to the kinds of products that we all enjoy every day; look at all of the things we use in a typical day — every one of them, at one time in the past, was someone’s innovation. To be sure they have been modified and improved over time, but these improvements were also innovations that bring us to this time when so many innovations make life both comfortable and challenging.
Innovation comes from the creative minds of people like all of us here at UVU.
What innovations do you have in your mind? What product or products do you use and wish they could be altered slightly to perform better for you? What product doesn’t exist that you wish did? Is there a service that you wish you could find to solve a problem or need? Careful attention to these and other questions lead creative people to invent new things that sometimes find their way to the market for us to use.
If you have ever tinkered with new ideas and tried to develop something new and useful, you know the excitement that surrounds the search for the next new gadget. But then you might be wondering: “What can I do now? How can I move this great new idea to the market and make some money in the process?”
UVU has created the Technology Commercialization Office (TCO) to help the UVU community (faculty, students and staff) to explore the options of taking new ideas to market. The entrepreneurship program at UVU has long been helping students explore these options. The TCO provides additional services to help review new ideas and nurture those that show promise. The TCO is focused on finding and nurturing new technologies that are being created in the minds here at UVU.
If you or your friends have new ideas, whether developed as a result of UVU classes or simply from your own observations and curiosity, I want to encourage you to contact the TCO. I can be reached at x8987 or at firstname.lastname@example.org. Who knows? Maybe the solutions to some of life’s most fascinating challenges are harbored in the heads and hearts of people walking the halls at UVU.
— Kent Millington