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The Institute recognizes the importance of innovation and growth in business. We invite companies to become members of the Institute and bring us their company-specific challenges/projects. The Institute will then assign a consulting team of students and faculty to work on the project, providing great value to our member companies. In addition to access to exceptional Olin faculty and students that a consulting project provides, members also benefit from ground-breaking research and participation in a variety of innovation and growth events.
Student Partners
An important distinguishing feature of the Institute is the heavy involvement of students in the research activities of the Institute, working closely with faculty on the generation of knowledge relevant for corporations.
Clusters
The Institute is facilitating the formation of interest "clusters" around specific domains of research and practices related to creativity and innovation. These clusters are composed of faculty (Olin, but with ties reaching other schools and universities), students, and eventually corporate partners. Operating as a workshop, the cluster serves as the primary means whereby new knowledge is generated under the sponsorship of the Institute. The Institute supports the formation of these clusters by identifying interested persons and providing resources to help them form and charter a cluster.
Efficiency and Impact
The built-in infrastructure, resources, process expertise and brand equity of an institute for innovation create efficiencies and economies that cannot be achieved under an individualized approach. Research ideas and opportunities are more easily acquired from the marketplace. Talent can be more efficiently matched with a wide array of opportunities. Infrastructure and resources are more efficiently applied. Ultimately, outlets for influence and impact are more readily cultivated and accessed. The Institute:
- Creates a highly efficient path to new research thought.
- Acts as a magnet that attracts opportunities for applied research in innovation and creativity in the corporate community.
- IMatches those opportunities to the relevant interest clusters, and supports the work of those clusters, as necessary.
- Encourages and facilitates the integration of knowledge generated by clusters across domains through larger conferences, lectures, publications, and other activities supporting multi-disciplinary discussion and knowledge dissemination.
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