Millikin University's Institute for Science Entrepreneurship and 300 Below Inc., announced their renewed partnership during a news conference held on Tuesday, Sept. 30, 2014 on Millikin University's campus.
Formed by Dr. David Horn, Millikin associate professor of biology, Dr. George Bennett, Millikin professor of chemistry, and Dr. Casey Watson, Millikin associate professor of physics and astronomy, the Institute for Science Entrepreneurship serves as a bridge between external clients and faculty and students of Millikin to provide high quality services to science companies and private practices.
Based in Decatur, Ill., 300 Below Inc. is the world's largest and oldest commercial cryogenic processing company, in business since 1966. 300 Below has started 156 operations in 36 countries around the world with its technology.
300 Below called upon local business leaders in central Illinois to commit additional resources to the Institute for Science Entrepreneurship in order to foster enhanced innovation in the sciences, and empower the creation of new science-focused startups.
"Collectively, in less than two years' time, the Institute has been able to lay the foundation for a culture of science entrepreneurship at Millikin University and the greater community, including a four-year pathway of curricular and co-curricular activities for students in the natural and health sciences," said Dr. David Horn. "One of the science companies that we have forged a strong relationship with since our founding and is a model for the type of relationship we would like to develop with other science companies, organizations, and private practices large and small is 300 Below Inc."
Since the Institute's inception, 300 Below has pledged its ongoing collaboration to conduct experiments on a new non-toxic cleaning solution in conjunction with Harcros Chemicals.
The Institute for Science Entrepreneurship also offers Performance Learning opportunities for students through its new Science Entrepreneurship Research Fellow Program. The program pairs student interest with needs of companies and private practices in the health and natural sciences.
Millikin's first two Science Entrepreneurship Research Fellows, Kyle Leadlove, a junior physics major from Belleville, Ill., and James Seyfert, a junior physics major from Danville, Ill., will work at 300 Below on an applied ultra-low-temperature cryogenic research project with expected commercial applications.
In recognition of Dr. David Horn's continued leadership of the Institute for Science Entrepreneurship, 300 Below announced its renewed support for Millikin University by establishing an immediate capital contribution of $10,000 to support its Institute for Science Entrepreneurship.
"Through the Institute for Science Entrepreneurship, 300 Below is applying its cryogenic technology to study and improve all sorts of materials, including railroad steel and wind turbine gearbox bearings. This partnership has worldwide impact for our business," said Prescott Paulin, international research consultant at 300 Below.
The Institute for Science Entrepreneurship was originally funded by a Millikin University Performance Learning Enhancement Grant in December 2012. Since that time, the institute has received funding from the Andreas Foundation, Coleman Foundation, a private foundation and an anonymous donor to develop its 2014-2015 Speaker Series.
Dr. Horn added, "We are honored to receive the donation from 300 Below Inc., a donation which will allow us to continue to fulfill the Institute's mission and provide Millikin University students with Performance Learning opportunities that prepare them for the transition from science student to science career."
For more information on Millikin University's Institute for Science Entrepreneurship, visit millikin.edu/InstituteForScienceEntrepreneurship.