Socio-Economic Development

51³Ô¹ÏºÚÁÏ stimulates economic development and diversification, fosters a climate of innovation, and advances innovation and entrepreneurship opportunities in all sectors.

Strategic Objectives, Tasks, and Metrics

Develop networks and facilitate connections to spur economic development and innovation.

  • Support and connect faculty, students and the greater community to identify and create innovations, services, and IP.
  • Active marketing of 51³Ô¹ÏºÚÁÏ knowledge, technologies, innovations and capabilities to Southern Nevada creating a hub that drives economic development and entrepreneurship.

Metrics: patents, disclosures submitted, number qualified faculty engagements, number qualified student engagements

Drive entrepreneurship, innovation, and economic development.

  • Create and support 51³Ô¹ÏºÚÁÏ and regional start-ups.
  • Engaging Strategic Public-Private Partnerships and 51³Ô¹ÏºÚÁÏ industry engagement that focuses on entrepreneurship, innovations and economic development.
  • Provide an ecosystem of resources and capital available to 51³Ô¹ÏºÚÁÏ stakeholders, entrepreneurs and innovators with recognition of the needs of disadvantaged communities.

Metrics: startups based on 51³Ô¹ÏºÚÁÏ techs, new business starts, SBDC jobs created, SBDC clients served, capital infusion to startups/new businesses, CSR contracts

Integrate and align initiatives that support economic development for all sectors.

  • Create campus and region wide all-inclusive initiatives that drive the new spirit of innovation and entrepreneurship.
  • Integrate and align community facing services (mentors in residence, incubators, accelerators, venture fund, etc.) to support the 51³Ô¹ÏºÚÁÏ community, individuals, entrepreneurs, creators, and business, including those that identify as disadvantaged, women-owned, and STEAM-related businesses.

Metrics: disadvantaged business enterprise support, companies located at or engaged with 51³Ô¹ÏºÚÁÏ Research & Tech Park