Following local media reports that it has cut — either via firings or layoffs — more than 300 employees, Vanderbilt University Medical Center (and Vanderbilt University in general) will institute a "modernized benefits plan" (read here). Called flexPTO (paid time off), which was announced a few weeks ago and is part of VUMC's efforts to improve efficiencies as it wrestles with federal spending cuts and fewer employees, the plan offers what VU officials feel will be greater flexibility for time away from work by combining all accrued leave hours into a single, centralized bank. The flexPTO offering also comes after VUMC earlier this week outlined its Staff Voluntary Early Retirement Incentive Program (read more here).
BioNanovations, a startup company based on technology developed at Vanderbilt University, claimed first place at the NewME Accelerator PopUp event recently held in Memphis. Read more here.
Vanderbilt University has launched a Division of Information Technology.
Led by Vice Chancellor John M. Lutz (pictured), the division is meant to bring together approximately 500 information technology employees from across the university and medical center into one division charged by Chancellor Nicholas S. Zeppos with serving the entire enterprise.
Read more here.
A team of Vanderbilt University professors and engineers has developed and licensed a wafer inspection tool that has been licensed exclusively to startup company Femtometrix. Dr. Norman Tolk, professor of physics; Michael Alles, engineer for the VU School of Engineering; and Dr. Ron Schrimpf, professor of electrical engineering invented the semiconductor wafer-inspection technology, which is based on laser optics. Read more here.
Vanderbilt Univerity Chancellor Nicholas S. Zeppos continues to urge support for sustained federal investments in science and engineering research. Last week, the VU leader met with Tennessee’s congressional delegation in Washington, D.C., to discuss the subject. Read more here.