Discovery Park

Impact Statements

Discovery

Learning

Engagement

New Technologies

    Economic Impact of Purdue University's Discovery Park

    ExecutiveSummary
    June 2013

    Discovery Park (DP) was launched in August 2001 with a $26 million grant from the Lilly Endowment.  These funds supported the activities of DP, helped attract top faculty, and initiated new projects.  DP programs were further supported by the Lilly Endowment with a $25 million grant in February 2005.

    To date, DP economic impact includes:

    • 57 new companies seeded and/or assisted
    • 371 disclosures, licenses/options on intellectual property created within DP
    • 164 current jobs in Discovery Park
    • $771.7 million in externally sponsored research to DP Centers, $83.9 million in 2012-13
    • 211,500 hours of work provided by 540 students to 190 Indiana start-up companies as part of the Interns for Indiana (IfI) program. Postgrad survey data from 260 IfI alumni show that 74 students have been hired by their internship company following participation in IfI and 80 have been hired by other Indiana companies. 11 Indiana companies have been started by IfI participants, and 123 resided in Indiana at the time of survey.
    • Over 1300 students have received the Certificate in Entrepreneurship and Innovation. Recipients have come from every college and have an average cumulative GPA over 3.0. 81% expect to be involved in a startup in the future.
    • Approximately 5,000 students have participated in entrepreneurial activities since the inception of Discovery Park
    • Over 40 strategic global partnerships

    Discovery Park is educating leaders for tomorrow and hiring and retaining the brightest minds in the state of Indiana. Discovery Park is speeding up new inventions and accelerating technology commercialization that is creating high-tech industry in the state of Indiana. Discovery Park activities have had tremendous economic impact in shaping Indiana’s future.

About Discovery Park

Discovery Park and its major centers lead Purdue's large-scale interdisciplinary research efforts.


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Contact

Discovery Park
610 Purdue Mall
West Lafayette, IN 47907