Academic Innovation Team
Loyola University Chicago seeks to enhance the academic program offerings and the student learning environment. One way of achieving this is to leverage existing university resources to support innovation, particularly new, innovative academic programs that are well-aligned with the higher education market and which are likely to increase enrollment streams and add net revenue to academic units. To achieve this goal, the university has formed a team to evaluate proposals for academic innovation and recommend those that would benefit from start-up funds to launch the initiatives.
To allow the AIT to continue assisting future start-ups, applicants will include funds in their proposed New Program Budget Template to replenish fifty-percent of the allocated grant. Applicants should set up a repayment schedule with funds being reimbursed within five years of the launch of the program.