University-Wide Collaboration
Scarpa鈥檚 most recent contribution through the John F. Scarpa Foundation in late 2020 has the key goal of boosting cross-disciplinary learning and programming that sparks innovation across 草榴社区鈥檚 six colleges. The gift provides $15 million to further advance the Law School鈥檚 leadership in entrepreneurship and law, as well as strengthen entrepreneurial expertise, innovative thinking and collaboration University-wide.
鈥淚t鈥檚 easy for any university to be a collection of individual schools and colleges that don鈥檛 collaborate. But it is possible to work together to develop and advance entrepreneurial ideas,鈥 says Mark C. Alexander, JD, the Arthur J. Kania Dean and professor of Law at the Charles Widger School of Law. 鈥淭he College of Engineering has developed a low-cost ventilator in response to COVID-19. Now, imagine that they did not have financial support for that.How do you get seed funding for patenting? How do you protect investments? These are legal questions that Law students can help with.鈥
A core element of Scarpa鈥檚 gift is the creation of a faculty position in the Law School dedicated to entrepreneurship. The John F. Scarpa Endowed Professor in Entrepreneurship will provide expertise in entrepreneurship and innovation and related aspects of the law, engage in scholarship, teach courses, organize resources such as speakers and seminars and advise students in competitions, among other roles. The professorship will provide the go-to person for interdisciplinary conversations and programming University-wide.
The gift will also support the creation of an incubator fund to launch a new annual venture competition in conjunction with the University鈥檚 Innovation, Creativity and Entrepreneurship (ICE) Institute in which students throughout 草榴社区 can compete for seed funding that could come from the University or even real-world investors.听
鈥淭he idea is to get budding entrepreneurs in front of more seasoned entrepreneurs,鈥 Dean Alexander says. 鈥淚t鈥檚 like Shark Tank [the entrepreneurship-themed ABC reality television program]. But in the context of a university, it鈥檚 an opportunity to learn. A limited number of students will win, but all of them will get feedback and support, which in itself teaches you to be a better student and entrepreneur.鈥
Other resource expansions that the gift will make possible include bringing in multidisciplinary speakers on entrepreneurial topics, providing opportunities for more students to participate in the Clinic for Law and Entrepreneurship, and offering scholarships for students who show a commitment to entrepreneurship and innovation.
鈥淲e see our relationship as a joint venture or partnership, and John鈥檚 engagement shows great confidence in where we鈥檙e going as a Law School and University,鈥 Dean Alexander says. 鈥淲e鈥檙e building our programs and expanding what we already do.鈥