Professor Fiona Murray is the Associate Dean of Innovation at the MIT Sloan School of Management, William Porter (1967) Professor of Entrepreneurship and an associate of the National Bureau of Economic Research. She is also the Co-Director of MIT’s Innovation Initiative. She serves on the British Prime Minister’s Council on Science and Technology and has been awarded a CBE for her services to innovation and entrepreneurship in the UK.
Murray is an international expert on the transformation of investments in scientific and technical innovation into innovation-based entrepreneurship that drives jobs, wealth creation, and regional prosperity. She has a special interest in the commercialization of science from idea to impact and the mechanisms that can be effectively used to link universities with entrepreneurs, large corporations and philanthropists in that process.
Through her leadership role in the MIT Regional Entrepreneurship Acceleration Program, she engages many global regions in designing and evaluating the policies and programs that shape vibrant innovation ecosystems: prizes competitions, accelerators, and proof of concept funding programs. She is particularly interested in new organizational arrangements for the effective commercialization of science, including public-private partnerships and patient capital/venture philanthropy.
In her recent scholarship and writing, Murray has emphasized the ways in which women and under-represented minorities are engaged in innovation ecosystem, and the ways in which different approaches to evalutating early-stage ideas can overcome the unconscious bias that she has documented in entrepreneurial funding. Her work is widely published in a range of journals, including Science, Nature, New England Journal of Medicine, Nature Biotechnology, American Journal of Sociology, Research Policy, Organization Science, and the Journal of Economic Behavior & Organization.
Murray received her BA ’89 and MA ‘90 from the University of Oxford in Chemistry. She subsequently moved to the United States and earned an AM ’92 and PhD ’96 from Harvard University in Applied Sciences. She brings her deep appreciation of R&D to an understanding of global innovation economy and to the ways in which the next generation of global innovators should be educated. She teaches IDEA Week (Innovation-driven Entrepreneurial Advantage) to the MIT Sloan Executive MBAs and recently started the REAL course – Regional Entrepreneurial Acceleration Lab - which gives students practical and academic insights into the design and development of innovation ecosystems around the world. These courses encourage cross-campus collaborations that move scientific discoveries closer towards marketable products and allow for students from different stakeholder perspectives to understand the broader ecosystem. She also has a particular interest in the entrepreneurial education of scientists and engineers, and in the role of women in entrepreneurship.
New research from Fiona Murray shows female scientists are 16% less likely than men to get a high score on their grant proposal due to word choice. That needs to change.
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Fiona Murray on BBC World News.
Take, for example, a study conducted by Professor Fiona Murray from MIT. She and her colleagues wanted to discover why it is that only 7 percent of female entrepreneurs are successful at obtaining...
Women in the US state of Indiana are receiving help to succeed in technology and entrepreneurship with the assistance of the WomenIN incubator, which was recently launched.
Advanced Management Program
Innovation Ecosystems: A New Approach to Accelerating Corporate Innovation and Entrepreneurship
Corporate Innovation: Strategies for Leveraging Ecosystems (self-paced online)
In this webinar, Phil Budden and Fiona Murray discuss the MITii definition of innovation and how that informs your approach to innovation, why “the world isn’t flat” for innovation, and why it seems to thrive in certain ecosystems, which are the five key stakeholders in the most successful innovation ecosystems, and more.
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