Paul Hudnut, newly appointed director of venture development, is
working to connect CSU and the world.
“We will get more technology out of the lab,” Hudnut said. “And
have (it) make a difference in the world.”
Hudnut’s position as director of venture development was created
to aid CSU in expanding the impact of its research, said Hank
Gardner, associate vice president of research.
“CSU is a land grant institution and is required to do research,
teaching and outreach,” Gardner said.
As director of venture development, Hudnut’s responsibility is
to explore and identify useful technologies and discoveries in the
life sciences that can be commercialized, said Ajay Menon, dean of
the College of Business, in an e-mail interview.
“I have several roles,” Hudnut said. “Part of my responsibility
is to work on helping get more ventures, or businesses, started
based on ideas from students, faculty or alumni.”
One project that Hudnut’s been working on since January is the
development of EnviroFit International, Ltd. The company combines
the efforts of CSU’s Engines and Energy Conversion Laboratory and
the knowledge of business students to help with the pollution
problem in Southeast Asia.
Banning Collins, a senior business major with a concentration in
entrepreneurship and marketing, said EnviroFit is working to reduce
the air pollution created by two stroke engines used in taxis in
Collins is a member of the team that is creating the business
plans for the product developed by the Engines and Energy
The combination of entrepreneurship and research seen in this
project is important to its success because, Garner said, the
research does not always bridge with a commercialized project.
“No one college has everything,” Collins said. “Having a
partnership between the two colleges (business and engineering)
will help us achieve our goal.”
This aspect requires someone who has business expertise to help
facilitate these relationships.
“(Hudnut) has a lot of experience in these kinds of
partnerships,” Gardner said.
Previously, Hudnut worked at PR Pharmaceuticals and also Heska
Corporation. He also has a law degree coupled with his
pharmaceutical experience, making him ideal for the position,
Hutnut will also be working with CSU’s infectious disease
In addition, Hudnut’s position also includes teaching
upper-division entrepreneurship courses.
“I love teaching,” Hudnut said. “I get to interact with a lot of
students and I get a lot of energy from them.”
Collins, who was is one of Hudnut’s courses last spring, has
found him to be a valuable resource for students. Collins
appreciated the way Hudnut was able to relate the outside business
worlds to the theories that were taught in his class, he said.
“The biggest thing that I can say is that he is very personable
and always there to help out,” Collins said. “He’s perfect for the