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What Will the Future Look Like for Innovations in Science?
SUMMARY
Tim Lavengood is on Ask an Innovator today talking with us about innovations in science. We talk about how the Technology Innovation Center will provide a place for scientists to truly own their own intellectual property and what that means for inventing and the world at large.
We talk about the importance of mentorship in the startup space. Tim and Josh discuss how this surge of scientists creating and innovating will mirror the technology revolution of the ’80s. Check it out – full transcript below!
Connect with Ask an Innovator.
About Technology Innovation Center
After 30 years incubating hundreds of digital startups in Chicago, Technology Innovation Center is shifting its model to serve the hard sciences. Like the digital revolution of the 1980s, energy, materials, medical devices, agriculture, genetics and other sciences are entering a phase of entrepreneurial revolution. The toolkit for science is becoming faster, cheaper and smarter by the day, drastically reducing the barrier to entry for young, independent scientists to create IP of their own. Moore’s Law has come to the sciences and Technology Innovation Center is in on the ground floor supporting the first generation of true scientist entrepreneurs.
Connect with Tim
Email HimHabilisThe Incubator
Full Transcript with Tim Lavengood
Josh Barker: [00:00:13] Welcome to Ask an Innovator. Today I’ve got with me at Tim Lavengood. Welcome, Tim. Really appreciate you being here.
Tim Lavengood: [00:00:18] Glad to be here!
Josh Barker: [00:00:20] Awesome. So Tim is the Executive Director at Technology Innovation Center, is that right?
Tim Lavengood: [00:00:26] That is correct.
Josh Barker: [00:00:28] Can you give a little bit of background of yourself and a little background about Technology Innovation Center?
Tim Lavengood: [00:00:33] Well, I’ve been working as the Executive Director for quite a few years, so those are kind of the same thing. We are a technology-based business incubator that’s actually been in operation since the eighties for about 30 years. 31 years. And we have worked with several hundred different kinds of startups over the years providing space and services and networking to help innovation-based companies get off the ground.
Josh Barker: [00:01:03] Awesome. And I’m reading on here, 25,000 square feet. That’s quite a bit for 30 to 50 technology-based startups. Is that right?
Tim Lavengood: [00:01:13] That was the case. We’re in the process now of making the transition to the hard sciences. There were reasons for that and we are working on a build-out of laboratory space in Northbrook, one of the other suburbs here.
Josh Barker: [00:01:35] I’d love to hear a little bit more about that. Can you give a little bit more details about your transition to the hard sciences?
Tim Lavengood: [00:01:40] Yes. We’ve been around since the eighties and we came in right around the same time as, you know, the beginning of the,
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By Ask An InnovatorSUMMARY
Tim Lavengood is on Ask an Innovator today talking with us about innovations in science. We talk about how the Technology Innovation Center will provide a place for scientists to truly own their own intellectual property and what that means for inventing and the world at large.
We talk about the importance of mentorship in the startup space. Tim and Josh discuss how this surge of scientists creating and innovating will mirror the technology revolution of the ’80s. Check it out – full transcript below!
Connect with Ask an Innovator.
About Technology Innovation Center
After 30 years incubating hundreds of digital startups in Chicago, Technology Innovation Center is shifting its model to serve the hard sciences. Like the digital revolution of the 1980s, energy, materials, medical devices, agriculture, genetics and other sciences are entering a phase of entrepreneurial revolution. The toolkit for science is becoming faster, cheaper and smarter by the day, drastically reducing the barrier to entry for young, independent scientists to create IP of their own. Moore’s Law has come to the sciences and Technology Innovation Center is in on the ground floor supporting the first generation of true scientist entrepreneurs.
Connect with Tim
Email HimHabilisThe Incubator
Full Transcript with Tim Lavengood
Josh Barker: [00:00:13] Welcome to Ask an Innovator. Today I’ve got with me at Tim Lavengood. Welcome, Tim. Really appreciate you being here.
Tim Lavengood: [00:00:18] Glad to be here!
Josh Barker: [00:00:20] Awesome. So Tim is the Executive Director at Technology Innovation Center, is that right?
Tim Lavengood: [00:00:26] That is correct.
Josh Barker: [00:00:28] Can you give a little bit of background of yourself and a little background about Technology Innovation Center?
Tim Lavengood: [00:00:33] Well, I’ve been working as the Executive Director for quite a few years, so those are kind of the same thing. We are a technology-based business incubator that’s actually been in operation since the eighties for about 30 years. 31 years. And we have worked with several hundred different kinds of startups over the years providing space and services and networking to help innovation-based companies get off the ground.
Josh Barker: [00:01:03] Awesome. And I’m reading on here, 25,000 square feet. That’s quite a bit for 30 to 50 technology-based startups. Is that right?
Tim Lavengood: [00:01:13] That was the case. We’re in the process now of making the transition to the hard sciences. There were reasons for that and we are working on a build-out of laboratory space in Northbrook, one of the other suburbs here.
Josh Barker: [00:01:35] I’d love to hear a little bit more about that. Can you give a little bit more details about your transition to the hard sciences?
Tim Lavengood: [00:01:40] Yes. We’ve been around since the eighties and we came in right around the same time as, you know, the beginning of the,