The Purdue Research Foundation has selected Wade Lange as vice president and chief entrepreneurial officer.

In his new role, Lange will oversee the Purdue Foundry, the university’s startup hub. Lange, who previously served as chief operating officer of Magnolia Therapeutics in Lafayette, served as an Entrepreneur-in-Residence at the foundry from 2016-2019.

“Wade is already well-known and respected throughout the Purdue entrepreneurial ecosystem and is a natural leader with actionable results,” said Greg Deason, the foundation’s senior vice president for entrepreneurship. “We are confident that he will move the Foundry and the extended Purdue team to the next level of entrepreneurship and commercialization with impact.”

Deason says Lange’s diverse experience in corporate business development and his expertise in guiding entrepreneurs in the Foundry will create a seamless transition.

“We have already a strong connection among faculty, students, alumni, administrators and our community, and I look forward to expanding the Foundry’s reach to include even more inventors, entrepreneurs, alumni, industry leaders, and economic development leaders with a focus on magnifying the global impact of Purdue’s research enterprise through entrepreneurship,” Lange said.

The university says since its creation in 2013, the Purdue Foundry has generated more than 250 startups, nearly $400 million in funding and investments and nearly 350 new jobs.

 

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