Waterloo’s creator-owned intellectual property (IP) policy, Policy 73, is a key differentiator for the University. Unlike most universities, Waterloo researchers inherently own what they invent, which incentivizes Waterloo’s attraction of the most entrepreneurial faculty and students. It is also a major draw for industry partners. While Waterloo is proud to lead the way in empowering founders, Policy 73 does not exist in isolation. The new Partnerships, Entrepreneurship and Commercialization (PEC) unit at Waterloo acts as the University’s central unit for innovation, commercialization, entrepreneurship and related thought leadership and social impact. Through its work and supported in part by funding from the RSF, PEC creates synergies across University activities to enable students, researchers, staff and founders to thrive in mobilizing ideas, knowledge, research and people toward impact. PEC provides support across the Waterloo ecosystem with technology transfer (WatCo), incubation and entrepreneurship training (Velocity). Additionally, the University also offers support through specialized incubators LiftOff (an affiliate) and Flint Hub, social impact creation (GreenHouse and the Grebel Peace Incubator), and thought leadership activities.