UC Berkeley Has New Innovation Hub
The Daily Cal reported that a new innovation hub providing technical and financial support to startups will be coming to campus after a recent partnership between UC institutes and Enel, a multinational power company. Henry Chesbrough, a professor at the Haas School of Business and executive director of the Center for Open Innovation, said prior to this deal, Enel used to work on many small projects with hundreds of universities, which reduced its efficiency. Now, Enel has prioritized and selected 10 universities around the world, including UC Berkeley, for strategic partnership. The innovation hub will increase the chances of startup companies fulfilling the needs of bigger industries, Chesbrough said.
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