Speed School alumnus tagged to lead Institute for Product Realization

Speed School alumnus tagged to lead Institute for Product Realization

Speed School alumnus David Adams hired as CEO of the Institute for Product Realization

The University of Louisville Foundation executive committee on Dec. 22 named a director for the new Institute for Product Realization and selected Louisville’s NTS Development Co. as its development partner on three business and research parks.

The foundation selected David Adams as CEO of the Institute for Product Realization, a center that will promote research and innovation in advanced manufacturing, logistics, renewable energy and analytics and computing.

“I am so thrilled with the selection of Dave Adams as the CEO of the  Institute for Product Realization," said. Dr. John Usher, Dean of the Speed School of Engineering.  " I can tell you, and so will anyone else who knows him, that he has an incredible passion for UofL and Speed School.  When you combine that with his impressive career accomplishments and his expertise in financial management, entrepreneurship, and innovation, you have a really special person to lead the IPR.  I am looking forward to working closely with him on this extremely complex and challenging project that will reap tremendous benefits for UofL.”

The IPR beta site is located off Brandeis Avenue and includes the FirstBuild facility, Engineering Education Garage and UL Additive Manufacturing Competency Center. The IPR will eventually be moved to a yet-to-be-constructed building in the coming Belknap Engineering and Applied Sciences Research Park.

Adams who earned a bachelor's and master's degrees in Industrial Engineering from the J.B. Speed School of Engineering, comes to UofL from The BVI Group, an Indianapolis-based consulting firm he founded in 2007 to serve the strategic and operational needs of businesses and private equity firms. He also worked for former Indiana Gov. Mitch Daniels to lead the operational improvement and merger of the state’s $30 billion pension systems and was a founding member of the executive team that grew i2 Technologies Inc. into a software giant.

In another move, the foundation selected NTS as its official development partner of the Belknap research park, which will be built behind the Speed School, as well as the J.D. Nichols Campus for Innovation and Entrepreneurship in downtown Louisville and the ShelbyHurst Research and Office Park on UofL’s Shelby Campus in eastern Jefferson County.

NTS was chosen after it responded to a request for qualifications issued by the foundation in September. It beat out one other respondent, Louisville’s Jefferson Development Group.
NTS already has worked with the foundation to build three office buildings at ShelbyHurst and a parking garage on the J.D. Nichols campus.