In Inc. magazine, Rhett Power writes about the importance of entrepreneurship — and gives a shout-out to WashU innovators Jon and Jennifer Silva.
Turning researchers into entrepreneurs is one of three changes Powers says America needs to make in order to revive its entrepreneurial spirit. He notes that researchers are often disconnected from the practical application of their discoveries and points out that universities have increased efforts to help their innovators translate research from the lab to market. At Washington University, this function is carried out by the Office of Technology Management (OTM).
Powers points to SentiAR as a successful example. The company has created augmented reality software for use in cardiac procedures. The technology was developed by founders (and husband-and-wife team) Dr. Jennifer Silva (Washington University School of Medicine in St. Louis) and biomedical engineering professor, Dr. Jon Silva, Ph.D., Washington University School of Engineering & Applied Science. The Silvas founded the company, sought the funding and have remained actively involved in the business. The Silvas worked with OTM on the capture and licensing of the intellectual property (IP).
Powers cites the Silvas’ ongoing oversight of their concept and product as an example of the entrepreneurial leadership needed in business today.