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...a club for people who never stop learning...

The Scientech Club provides a forum for weekly presentations and discussions in the fields of science and technology and other topics for the enlightenment of its membership.

Regular, one-hour Meetings are, with the exception of holidays, held every Monday at noon at The Northside Knights of Columbus, 2100 East 71st Street, Indianapolis. Club Members, as well as the general public, may attend our Regular Meetings for a nominal contribution to pay for the facility. For those who wish, a buffet lunch may be enjoyed before the meeting. Occasionally, instead of a presentation, members and their guests may take a tour to a place of interest, such as a plant or historical site.

The Scientech Club is associated with an outstanding local charitable Foundation, The Scientech Club Foundation, established by Scientech members to promote science education. Information about the foundation may be found under the heading Foundations above.

Vol 92 No 32 - August 24, 2015

The Innovation Ecosystem of Purdue University

Presented By: Daniel J. Hasler, President and Chief Entrepreneurial Officer, Purdue Research Foundation


Dan Hasler

Mr. Hasler, in addition to his current position at the Purdue Research Foundation, has served in many important positions with the Eli Lilly and Company, as well as having served as Secretary of Commerce for the State of Indiana.

There are five research parks which make up the network forming the Purdue Research Park. The parks are located in Merrillville, Indianapolis, New Albany and two in West Lafayette. All together, there are 164 companies and 51 buildings providing more than 3200 jobs. In West Lafayette there are 100 established companies, 11 of which are publicly traded with $1.3 billion annual impact on the state of Indiana. The average annual salary is above $60,000 per year.

The Purdue Research Foundation began in 1930 with $50,000. That has grown to greater than $1 billion in assets. The Foundation’s mission is to advance Purdue’s quest for preeminence in discovery, learning and engagement through executive stewardship of assets. That includes patent protection, licensing and start up support for students and professors as well as land acquisition and property management to provide the facilities for these activities.

The Office of Technology Commercialization of the Foundation helps to provide legal protection of intellectual property, determines market potential and helps in negotiation of business deals. Careful monitoring of changes in patent legislation is crucial. In 2013, the major change in patent law was from “first to invent” to the “first inventor to file” a patent claim. Purdue was 16th out of 100 worldwide universities granted U.S.utility patents in 2014. The number of viable startups commercializing a Purdue invention increased from eight in 2013 to 24 in 2014.

SpeechVive was formed as a company to improve speaking by Parkinson’s victims. Symic was formed to enhance tissue scaffolding as in the development of bone matrix. In the development of these and many other startups the number of Purdue patents was increased from 110 in 2011 to 156 in 2014. These results drew much favorable media attention. Forbes Magazine determined that Purdue was one of the best places in the United States to start a business. To accomplish all of this, corporate and immigration legal assistance services must be available. Funding and support for grant writing, business planning, accounting and regulatory guidance are among the many services required for successful entrepreneurship.

Notes by Jerry Kurlander