Growth Initiatives

Building Nashville’s Innovation Ecosystem

As a leading research university, we will be an anchor for innovation and technology creation in our region.

Vanderbilt campus with Nashville in the background.
Section Contents

Developing an innovation ecosystem

For Nashville and Tennessee, innovation-producing industries create good jobs and opportunities that open pathways to more inclusive prosperity, and a stronger, more diverse and resilient economy overall. 

A robust local innovation economy will enable Vanderbilt’s researchers to have more impact by broadening cross-sector collaborations that can lead to new discoveries and new opportunities for sharing those discoveries with the world. A thriving innovation economy also provides more local opportunities for Vanderbilt students and graduates. 

Sun rising on the Vanderbilt campus

Creating a space for innovation

Expanding our local innovation economy – and our contribution to it – is one of the university’s highest priorities. Central to most innovation economies is an “innovation hub”—buildings dedicated to research, innovation and collaboration. There are many examples around the country, and around the world, of how investment in an innovation hub creates a "center of gravity” for local innovation and contributes to a more energized innovation economy.

As Vanderbilt considers how to grow its campus over the next 20 or 30 years, we are in the very early stages of exploring creating a space for innovation on or adjacent to our campus. We envision a space that would facilitate connection among innovators and entrepreneurs across a variety of disciplines and industries and corporate partners.

Conversations are underway within the Vanderbilt community as well as with leaders of innovation cities around the world and local government and community leaders to develop a strategic approach that will map a path toward greater collaboration, innovation and impact.

Steps Taken So Far

  • June 2024: 
    • Chancellor Diermeier appointed the innovation ecosystem advisory group made up of faculty and staff from across the university. The group is building upon existing work to leverage Vanderbilt-driven research and innovation to support local community needs, attract entrepreneurial talent and venture investment, and expand the city and region’s innovation capacity. It is also examining infrastructure needs, including dedicated physical space, programs for collaboration and how to foster a culture of innovation.
    • Vanderbilt joined Nashville Mayor Freddie O’Connell in launching the Nashville Innovation Alliance, which brings together public, private, civic and education institutions to enhance the region’s innovation ecosystem. The aim of the alliance is to grow Nashville’s innovation capacity to create a local economy that is more resilient and prosperity that is more inclusive.
  • July 2024:
    • The Nashville Innovation Alliance hosted the Innovation Ecosystem Forum, which brought representatives from innovation districts in Barcelona, Berlin and New York City. One of the key takeaways from the event was that Vanderbilt is uniquely positioned to grow its innovation ecosystem including creating a physical place for innovation to thrive.

Vanderbilt Innovation Resources

FAQs

  • Where will the new innovation space be located?

    We are early in our planning, but we know proximity to our campus is key. We have met with leaders from successful innovation districts around the world and part of the blueprint is that universities must play a key role.

    As a top research institution, Vanderbilt is well positioned to help drive a more robust innovation economy and ecosystem in Nashville. Innovation ecosystems attract startups, capital and more research and development. The creation of breakthrough technologies and services drives competitiveness and influence on national and global stages which will help create benefit for all.

  • What is the timeline for building the new space?

    As always, we are planning for the long-term – considering how we strategically grow and develop our campus over decades. However, we recognize the urgency of creating this space to further drive innovation at Vanderbilt and contribute to growing the innovation economy in Nashville. We will engage with the Vanderbilt community about our plans and provide updates as they are available.

  • What impact will this have for current students, faculty and staff?

    Though the completion of this space is years away, we envision current students, faculty, postdocs and staff seeing benefits as Nashville residents, workers and entrepreneurs. The new innovation space will offer an opportunity for more engagement in the innovation economy, bolstering entrepreneurship, increasing job opportunities and further strengthening the Nashville economy.

LEARN MORE