Supporting New Ventures
The Baylor Research and Innovation Collaborative (BRIC), the first project within the Central Texas Technology and Research Park, is a collaboration of Baylor University, Texas State Technical College, Waco-McLennan County Economic Development Corporation, the City of Bellmead and a number of other regional education and government partners.
Phase 1 construction is on schedule to provide 300,000 square feet of shell space for collaborative university and industry research; technology workforce training; business incubation; public-private symposia; and science, technology, engineering and math (STEM) education.
Phase 2 construction includes building out nearly 45,000 square feet of academic and research space for the following Baylor academic components: Center for Astrophysics, Space Physics and Engineering Research (CASPER), electrical engineering department research, the Center for Spatial Research (CSR), Baylor Institute for Air Science (BIAS) and the Innovative Business Accelerator (IBA).
Gregory Leman has been named director of the IBA, which helps new technology companies grow their business more rapidly by taking advantage of the university's research and academic intellectual capital. The IBA is a joint venture of Baylor's Hankamer School of Business and the Office of the Vice Provost for Research. It will be housed in the BRIC, scheduled to open in January 2013.
Leman, who has held the position of clinical professor, director of University Entrepreneurial Initiatives, and the Curtis Hankamer Chair in Entrepreneurship at the Hankamer School of Business since 2005, was appointed by Terry Maness, dean of Hankamer, and Truell Hyde, vice provost for research.
"The IBA is built on a solid foundation of our successful collaboration with global industry," Leman said. "It will become a single point of access to University and community expertise by providing a critical link between technology companies and Baylor business, science, engineering and law faculty."
Leman was a visiting assistant professor in chemical engineering at the University of Illinois from 1985 until 1988. He then joined the Cabot Corporation as an engineering scientist. From 1995 to 1998, he was managing director of Cabot-Huels, a joint venture located in Rheinfelden, Germany. He joined Great Lakes Chemical Fluorine Division in 2000, serving first as technology director and later fluorine business director. Leman holds a BS in Chemical Engineering with honors from Purdue University and a PhD in Chemical Engineering from the University of Illinois.
"Greg's successful business background coupled with his entrepreneurial expertise and global vision makes him the ideal person to lead the IBA," Maness said. "Through its work, the IBA will help to stimulate regional economic development."
Tech companies can take advantage of Baylor University expertise and BRIC infrastructure which will include technology transfer and product discovery assistance, organizational and intellectual property strategies, staged-gate entry into commercialization programs, legal and accounting services, and international market development support through Baylor's International Entrepreneurship programs. The IBA will also launch an executive education program for executives of new technology companies. Additionally, the IBA facilitates access to capital for new ventures through organizations such as the Baylor Angel Network, venture capital financing and SBA loan programs.