How to Get Involved with SpinUp
SpinUp is always seeking IU faculty members who aspire to bring their research to market through entrepreneurship.
To get started, contact:
Phone: (317) 278-8479
SpinUp Turns IU Researchers into Entrepreneurs
Every year, Indiana University researchers make discoveries that have the potential to solve some of the world’s most complex problems and change lives all over the globe. But before they can help anyone, their discoveries have to make it to market.
SpinUp helps that happen.
The Purpose of the SpinUp Business Catalyst
SpinUp was created to help IU researchers bring promising technologies to market by starting their own companies.
It focuses on discoveries in the following categories:
- Health care information technology
- Life sciences
- Medical devices
To date, SpinUp has founded 24 companies and created 30 new entrepreneurs among IU faculty—including seven women.
How SpinUp Works
SpinUp helps with the early administrative functions of running a business so faculty members can focus on the research that drives it.
The organization works with local service firms that provide everything a new business might need, including insurance, payroll, and grant consulting.
It also helps raise funding for the fledgling businesses.
SpinUp has raised more than $2 million for its companies and has helped all of them get off to a great start.
SpinUp paired EmotEd founder Dawn Neumann with Broad Ripple-based DeveloperTown to develop a working model of a therapeutic video game to treat disorders that stem from alexithymia, or difficulties in recognizing emotion.
Ken Yoshida, an IUPUI School of Engineering and Technology professor, designed a single unit technology able to read and process electrical measures from multiple sources in the body.
With SpinUp’s guidance, he founded Refer2Input (R2i) and received a Phase I Small Business Technology Transfer award from the National Institutes of Health (NIH) totaling over $200,000.