YOU BOTH FOR JOINING US.
TALK TO YOU SOON. >> APPRECIATE IT. THANK YOU. >> YOU ARE LOOKING AT THE PURDUE
RAILYARD, A CUTTING EDGE CO-WORKING SPACE PART OF THE LARGEST UNIVERSITY-AFFILIATED BUSINESS INCUBATION NETWORK IN
THE WORLD. JUST ACROSS THE WABASH RIVER RESIDES ANOTHER CO-WORKING STUDIO, THE MATCHBOX.
AN OLD GARAGE WAS TRANSFORMED INTO LAFAYETTE'S FIRST COWORKING SPACE IN 2014. SINCE THEN MATCHBOX HAS REACHED
MORE THAN 300 MEMBERS. PURDUE AND WEST LAFAYETTE THINK THEY KNOW WHAT IT TAKES TO KEEP GRADUATES AND FACULTY TO STAY
AND PURSUE CAREERS OR START BUSINESSES. IT'S CALLED DISCOVERY PARK DISTRICT.
A $1.2 BILLION, 400-ACRE PROJECT ON THE WESTSIDE OF CAMPUS THAT WILL FEATURE EVERYTHING FROM RESEARCH AND HIGH-TECH
MANUFACTURING FACILITIES, TO HOUSING OPTIONS, RETAIL, PERHAPS A CONVENTION CENTER AND WALKING TRAILS.
IT'S QUITE A DEVELOPMENT. THE ENTREPRENEURIAL ECOSYSTEM IS UNDER CONSTRUCTION AND ISN'T EXPECTED TO BE FULLY COMPLETE
UNTIL THE LATE 2030S AND HAS THE POTENTIAL TO BE A GAME CHANGER FOR THE RENAL AND FOR THE ENTIRE STATE.
DAN HASSLER, AND CHIEF INNOVATION OFFICER OF THE PURDUE RESEARCH FOUNDATION, DAVE BROKER.
WE TALKED WITH PRESIDENT DAN EARLIER IN THE SHOW A BIT ABOUT THIS, BUT DISCOVERY PARK, GIVE US, DAN, THE BOTTOM LINE ON THIS
MAJOR INVESTMENT. $1 BILLION PLUS, WHAT'S IT ALL ABOUT? >> WELL, IT'S ALL ABOUT CREATING
COLLISIONS, RIGHT? WE PRIDE OURSELVES IN BEING WILDLY BUSINESS-FRIENDLY IN INDIANA, AND BUSINESS-FRIENDLY
AND RESEARCH FRIENDLY HERE IN WEST LAFAYETTE. WHAT WE'VE LEARNED OVER TIME IS WE ARE BEST AT SERVING THOSE
INDUSTRIAL CLIENTS WHEN WE HAVE CLOSE PROXIMITY, WHEN WE LIVE TOGETHER. SO DAVID AND THE CREW ARE ALL
ABOUT BUILDING A COMMUNITY THAT REPRESENTS A COLLISION ZONE REALLY BETWEEN INDUSTRY AND ACADEMIA.
>> DAVE, YOUR NAME IS WELL-KNOWN IN THE LIFE SCIENCE CIRCLES AND IN AND AROUND THE STATE OF -- TALK ABOUT WHAT INTRIGUED OR
INTERESTED YOU ABOUT THIS OPPORTUNITY. >> PURDUE IS ONE OF THE TOP UNIVERSITIES IN THE WORLD, AND
KNOWN FOR ITS ENGINEERING AND SCIENCE INCUBATION STARTUPS, COMMERCIALIZATION OF TECHNOLOGY, AND I JUST WANTED TO BE A PART
OF IT. AS YOU MENTIONED, LIFE SCIENCE IS SORT OF IN MY BACKGROUND, BUT WHAT'S BEEN GREAT ABOUT BEING UP
HERE AT PURDUE IS I FEEL LININGE I'M GOING BACK TO SCHOOL HAD AG. >> WHEN YOU TALK ABOUT INNOVATION AND TECH TRANSFER,
TALK ABOUT THE OPPORTUNITIES THAT YOU SEE, AGAIN WITH THE RESOURCES HERE, PHYSICAL AND THEN THE TALENT THAT IS HERE,
WHAT THE OPPORTUNITIES ARE. >> WELL, YOU KNOW WHEN I WAS OUTSIDE PURDUE AT THE IBRI STARTING COMPANIES AND THINGS
LIKE THAT, UNDER THE LEADERSHIP OF PRESIDENT DANIELS AND DAN AND GREG DEASON, THE GROUP HERE, I ALWAYS FOUND THAT PURDUE -- THEY
ALWAYS -- YOU WERE ALWAYS ABLE TO HIT THE EASY BUTTON TO GET THINGS DONE AND I THINK THAT LEGACY IS GOING TO CONTINUE AS
WE MOVE FORWARD. WE'RE DOING -- THE DEFINITION OF INSANITY IS TO KEEP DOING THE SAME THING AND EXPECT DIFFERENT
RESULTS. WE WANT TO CONTINUE TO PROGRESS, CONTINUE AND DEVELOP THE PACE OF IEN INOVATION HERE.
>> TALK ABOUT HOW YOU SEE THIS REVOLUTION AS REALLY PART OF A LARGE -- >> WE MADE IT ABOUT AS EASY AS
IT CAN POSSIBLY BE WORKING WITH A PUBLIC INSTITUTION TO ENGAGE AND GET ACCESS. MOST OF THESE GOOD IDEA HERE AND
AROUND THE WORLD HAPPEN WHEN PEOPLE COME IN CONTACT WITH EACH OTHER. WE HAVE THIS WONDERFUL LUXURY IN
INDIANA BEING ABLE TO SPREAD OUT IF WE WANT TO. WELL, LIKE A GUEST, WHEN YOU SPREAD OUT, YOU COOL DOWN.
BY CREATING AN EVENT OF A SPOT LIKE THIS WHERE PEOPLE WILL WANT TO BE WITH OTHER PEOPLE, WILL WANT TO INTERACT AND SCRUM, WE
EXPECT THAT'S GOING TO CAUSE LIGHT, WE'RE DEVELOPING MUCH MORE QUICKLY AND TO GET IT WHERE IT BELONGS AND THAT'S IN
SOMEBODY'S WORKING LAB AND IN THE MARKETPLACE. >> THE CONVERGENT CENTER IS GOING TO BE A VERY HIGH PROFILE
KIND OF A GATEWAY TO THE PROJECT. >> WE REALLY WANT THAT TO BE THE FRONT DOOR, THE BUSINESS FRONT
DOOR FOR THE UNIVERSITY. I'D LIKE TO SAY IF YOU'RE HERE FOR A BASKETBALL NAME, YOU KNOW WHERE TO GO.
IF YOU'RE A SENIOR IN HIGH SCHOOL, YOU KNOW WHERE TO GO TO EVALUATE PURDUE AS A UNIVERSITY OR COLLEGE FOR YOU.
IF YOU'RE A BUSINESS OR COMPANY OR A VENTURE CAPITAL I, WHERE DO YOU GO? SO WE WANT TO CREATE THE FRONT
DOOR TO THIS DISTRICT ALL THE THINGS THAT DAN MENTIONED, SO WE'RE PLANNING TO CO-LOCATE PROBABLY IN ABOUT 30% OF THIS
BUILDING ALL THE PURDUE FUNCTIONS THAT ENGAGE EXTERNALLY WITH COMPANIES AND INVESTORS AND PEOPLE INNOVATORS AND THE
REST OF THE BUILDING WOULD BE CURATED BY COMPANIES.