Developing an innovation ecosystem
A robust innovation ecosystem is essential to positioning Nashville and Tennessee for success in the economy of tomorrow. Vanderbilt is working alongside public, private, civic and educational partners to unlock the region’s potential and accelerate progress.
In 2024, Vanderbilt joined Nashville Mayor Freddie O’Connell to launch the Nashville Innovation Alliance, a coalition uniting key sectors to strengthen the city’s innovation ecosystem. The alliance is charged with creating a citywide strategy for intentional growth, deploying solutions to urban challenges and establishing Nashville as one of America’s foremost centers of innovation.
At the same time, Vanderbilt continues to advance a culture of research and innovation that extends beyond publications into real-world applications.
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$300+ million
in revenue made possible over the past decade though university investments and grants, underscoring Vanderbilt’s ability to serve as a driver of regional growth.
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$100+ million
invested by the university through Discovery Vanderbilt funding research initiatives, innovation and entrepreneurial scholarship.
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600+
awarded patents made possible over the past decade through university investments and grants.
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900+
executed licenses made possible over the past decade through university investments and grants.
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66
start ups made possible over the past decade through university investments and grants.
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48
Innovation Catalyst Fund grants awarded since 2023. These and other internal grants equip faculty with resources to pursue transformative work.
Creating a dedicated space for innovation
Central to every thriving innovation economy is an innovation hub—a space where research, collaboration and entrepreneurship intersect. To accelerate Nashville’s innovation trajectory, Vanderbilt is reimagining 40 acres on the western edge of campus as a mixed-use neighborhood dedicated to collaborative innovation.
This future-facing development will translate university research into growing businesses, foster partnerships across sectors and broaden opportunities for students, alumni and faculty. This long-term initiative is in early stages. The vision is to create a dynamic neighborhood that brings together corporate R&D, incubators and accelerators, start-ups and community partners —integrated with green space, housing, offices and retail to create a vibrant, interconnected environment.
Vanderbilt will engage partners with deep expertise in building and financing innovation districts, ensuring the development aligns with the university’s mission while serving the broader community. Conversations are underway with local government, neighbors and leaders of global innovation hubs, all with the shared goal of positioning Nashville for long-term success.
The creation of this innovation neighborhood marks a pivotal step in Vanderbilt’s commitment to advancing Nashville’s economic future — establishing a foundation for discovery, collaboration and impact for generations to come.
Community Engagement
Vanderbilt is working with local government officials, neighbors and community stakeholders, as well as the Vanderbilt community on the initial plans for the innovation neighborhood.