by James A. Bacon
Does the University of Virginia have what it takes to become an engine of technological innovation and entrepreneurial wealth creation? Mike Lenox, professor of entrepreneurship at the Darden School of Business, thinks that it does. James Murray, a venture capitalist specializing in telecommunications and information technology, isn’t so sure. They engaged in one of the more spirited, if all too brief, debates in a Board of Visitors meeting in recent memory.
Lenox was invited to the Board Thursday to present the University’s Pan-University Entrepreneurship Initiative. While it is unrealistic to think that UVA could duplicate the success of a Berkeley or a Stanford in Silicon Valley, he said, it is reasonable to aspire to become a second-tier innovation center on the scale of a Boulder, Colorado (home to the University of Colorado.)
UVA and Charlottesville have developed a respectable innovation ecosystem, said Lenox. UVA alumni have created three billion-dollar “exits,” or business cash-outs, including Lending Tree and, most recently, Reddit. The talent exists. But would-be entrepreneurs need more support — some of which UVA can provide. (more…)



is a follow-up to Steve Hanerโs 









