Indiana University-connected individuals with entrepreneurial aspirations — including faculty, students, staff and alumni across all campuses and academic disciplines — will have something to celebrate July 1 when the Indiana University Research and Technology Corp. undergoes a reorganization to address challenges to entrepreneurs.

Through this reorganization, the new IURTC will be positioned to more efficiently identify, incentivize, fund and disseminate IU discoveries, creations and intellectual property.

Tony Armstrong, president and CEO of IURTC, said the new focus will strengthen the entrepreneurial culture at all IU campuses.

“We expect to cultivate a sustainable environment of talented entrepreneurs who can help others grow,” Armstrong said. “These experienced, well-resourced businesspersons create their own companies to positively affect the lives of people around the state, nation and world. They may look to mentor others who want to achieve success, too.”

Bill Stephan, IU vice president for engagement, said the new IURTC will be resourced and staffed to ensure the right combination of skills and experience is in place.

“As it transitions to its new model, IURTC will be a leaner organization with a staff that is nimble enough to work on multiple tasks concurrently,” Stephan said. “This reorganization is an opportunity for IURTC to be more forward-looking, strategic, and capable of interacting with more people in novel and innovative ways.”

More information about the reorganization is available online.