The Purdue Foundry exists to help Purdue students, faculty and local alumni move ideas to the marketplace more quickly. It is a place to transform innovators into entrepreneurs by providing advice on entity formation, ideation, market analysis and business model development. We are focused on helping individuals at Purdue who have business or product ideas and want to turn them into a company. The process and passion for the success of each company is driven by the entrepreneur and while the Foundry provides support, education and additional tools to help each client reach success.
The Purdue Foundry opened in July of 2013 based on an initiative from President Mitch Daniels when he first joined Purdue. He saw that Purdue had talented individuals innovating and creating intellectual property all over campus, but little of it was being commercialized. An even smaller number of patents were being commercialized by startup companies formed here at Purdue. President Daniels approached leadership at the Purdue Research Foundation with the mission of increasing the number of startups at Purdue and creating a hub of entrepreneurship on campus. From this goal and collaboration with the Purdue Research Foundation, the Purdue Foundry was born.
As any great entrepreneur knows: if you’re not innovating, you’re not creating impact. Since 2013, Purdue Foundry has helped create a record-breaking number of startups based on Purdue and individually-owned intellectual property. Standing still is not an option, though. We plan to continue this growth and become a global leader in startup creation. In the coming years, you can expect to see the Foundry outside of West Lafayette as we engage innovators around the globe with our experience and expertise.