Institute for Innovation & Entrepreneurship

What Institute for Innovation & Entrepreneurship does

The Institute for Innovation & Entrepreneurship (IIE) is an entrepreneurship center operating within Old Dominion University in Norfolk, Virginia. Founded in 2018 and employing 11-50 staff, IIE functions as a centralized resource hub providing entrepreneurship programs, services, and support to the university community — specifically students, faculty, alumni, and external community members. The center sits within an R1 Carnegie-classified research institution that offers 239 degree programs across multiple colleges and schools, giving IIE access to a broad academic and talent ecosystem.

IIE's core offering is non-product-based: it delivers entrepreneurship education, mentorship, and programming rather than a software platform or commercial technology product. The center partners with the Strome Entrepreneurial Center and integrates with the Gaming Living-Learning Community to support students in game design and innovation. It operates alongside ODU's Innovation Research Park I and II, which provide dedicated technology and innovation research infrastructure that supports commercialization activities tied to IIE's mission.

As a unit within a public university, IIE's funding flows through institutional, state, and federal research channels rather than commercial revenue streams. The parent institution generates revenue from tuition and fees across undergraduate, graduate, professional, and online programs (delivered via ODUGlobal), supplemented by federal research funding, Commonwealth of Virginia appropriations, and donor support. No direct revenue, pricing, or commercial product portfolio is disclosed for IIE specifically, and its customer base is entirely internal to the ODU ecosystem.

Name

Institute for Innovation & Entrepreneurship

Legal name

Old Dominion University

Website

https://odu.edu

Company type

Public

Founded year

1930

Operating status

Operating

Headcount range

11–50 employees

Short description

The Institute for Innovation & Entrepreneurship is an entrepreneurship center within Old Dominion University providing resources, programs, and services to students, faculty, alumni, and the Norfolk community seeking venture creation and innovation support.

Ownership category

akta.pro rank

Product category

Entrepreneurship Support Services

NAICS

Colleges, Universities, and Professional Schools (6113), Educational Services (611), Educational Support Services (61171)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Technical Universities with Entrepreneurship & Incubation Focus (EDAHAEAH)

akta.pro secondary industries

Applied Research & Innovation Universities (EDAHAEAE), Financial Literacy, Budgeting & Personal Finance (EDAMAHAE)

Keywords

• Entrepreneurship education
• Innovation programs
• Startup resources
• Venture support
• Business incubation

Headquarters

HQ city

Norfolk

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Tuition and Fees: Revenue generated from tuition and fees from undergraduate, graduate, and professional students. Federal student aid programs including Pell Grants, Supplemental Education Opportunity Grants, and student loans are available.
2. Research Funding: Federal funding supporting research, financial aid, and university operations. ODU receives funding from federal agencies, Commonwealth of Virginia, nonprofits, and donors.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

The Institute for Innovation & Entrepreneurship (IIE) is a one-stop shop providing the ODU community, students, faculty, alumni, and external community members with resources, services, and programs focused on entrepreneurship and innovation. Operating within Old Dominion University, it connects users with venture and startup support, entrepreneurship education, and pathways to industry opportunities, while leveraging ODU's R1 research infrastructure and broader academic ecosystem.

Product overview

No product information available. The source data describes Old Dominion University (ODU), a public research university in Norfolk, Virginia, not a product company. The content includes academic programs, student services, campus facilities, and administrative information, which does not align with the expected product/service portfolio for the named company 'Institute for Innovation & Entrepreneurship'.

Differentiator

Problem solved

Functional benefit

Products and services

• Entrepreneurship Resources & Programs A consolidated hub providing the ODU community, students, faculty, alumni, and external community members with access to entrepreneurship resources, programs, and support services for venture creation.
• Strome Entrepreneurial Center Partnership Programming Joint programming with the Strome Entrepreneurial Center, including support for the Gaming Living-Learning Community for students interested in the game design industry and innovation, plus connections to industry opportunities.

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Strome Entrepreneurial CentercoreStrategic or Co-development PartnerThe Strome Entrepreneurial Center partners with the Gaming Living-Learning Community to support students interested in the game design industry and innovation. The center provides entrepreneurship education and connects students with industry opportunities.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Others

• Venture For America: Nonprofit fellowship placing recent graduates into startups. Adjacent to IIE's mission of producing entrepreneurship-ready graduates, though operates as a national program rather than a university-embedded center.
• Research Triangle Park (Foundation): Large-scale research park anchored by three North Carolina universities. Comparable to the role ODU's Innovation Research Parks play in regional innovation ecosystems, providing physical infrastructure for university-industry collaboration.
• Innovation Works: Pittsburgh-based seed-stage venture fund and startup accelerator. Comparable to IIE's commercialization mission but operates as an independent nonprofit rather than a university center; reflects the broader ecosystem IIE engages with.
• National Council of Entrepreneurial Tech Transfer (AUTM): Industry association supporting university technology transfer and commercialization. Relevant peer in the broader ecosystem IIE operates in, representing the institutional infrastructure for academic entrepreneurship.

Broad incumbents

• Babson College — Arthur M. Blank Center for Entrepreneurship: Babson is the leading private university specializing in entrepreneurship education. Comparable to IIE in mission and program structure, but operates as an entire degree-granting institution rather than a center within a larger university.

Direct peers

• Rice University — Liu Idea Lab for Innovation & Entrepreneurship: Rice's university-wide entrepreneurship hub offering programs, venture support, and industry connections. Functionally equivalent to IIE in scope and positioning within an R1 research university.
• Stanford Technology Ventures Program (STVP): Stanford's entrepreneurship education and research program within a top R1 engineering school. Highly comparable to IIE as a university-affiliated entrepreneurship center delivering courses, events, and innovation programming.
• MIT Martin Trust Center for MIT Entrepreneurship: MIT's flagship university-based entrepreneurship and innovation center. Directly comparable to IIE as an academic unit offering entrepreneurship programs, mentorship, and venture support within a research university environment.
• George Mason University — Mason Enterprise: George Mason's entrepreneurship and innovation programming hub. Highly comparable as a Virginia-based public R1 university entrepreneurship center with incubator and accelerator offerings.
• University of Virginia Darden School — Batten Institute for Entrepreneurship: UVA's entrepreneurship and innovation institute embedded within the Darden business school. Directly comparable as a Virginia-based university entrepreneurship center serving students and alumni through programs and venture support.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/oduparking
• YouTubeyoutube.com/channel/UCBNgsDl2hppmwMyGR2NmL9A
• Facebookfacebook.com/ODUEducationalLeadership
• LinkedInlinkedin.com/company/oduiie
• Instagraminstagram.com/olddominionu

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Institute for Innovation & Entrepreneurship