Be the first to like this
Beginning in 2005 with the development of the Jordan Valley Innovation Center (JVIC), Missouri State University has shown a commitment to the redevelopment of an 88-acre footprint in Springfield’s center city that experienced decades of decay and dilapidation. Known as IDEA Commons, Missouri State University’s vision and mission to create an urban innovation park has been touted as a new type of research park that blends right-brain and left-brain creativity by bringing together and encouraging collaboration between Innovation, Design, Entrepreneurship and the Arts.
Since 2009, Missouri State embarked on its most recent redevelopment project focused on fostering entrepreneurial opportunity to complement and leverage technical innovation at JVIC, the Small Business and Technology Development Center, and the ideas and creativity of the University’s faculty, staff and students. As a result, in March of 2013, the Robert W. Plaster Center for Free Enterprise and Business Development was opened to serve as the principal Entrepreneurship component of IDEA Commons.
Housing both The eFactory, a technology-focused business incubator and business development center, and the cooperative engineering program between Missouri State University and Missouri University of Science and Technology, this project has created a mixed-use development that provides opportunity for economic impact through new job creation as well as the advancement of educated persons who are equipped to contribute meaningfully in an evolving economy.
The eFactory has brought together many of the region’s economic development entities to create a one-stop-shop for entrepreneurs in order to facilitate their development from start-up to maturity, from idea to job creation.
View the case study: http://universityeda.org/value-to-members/best-practice-sharing/awards-of-excellence/awards-of-excellence-2013-finalists/the-efactory-growing-the-local-economy-from-idea-to-job-creation/