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A Message from Carlos Gutierrez Building Innovation-Driven Regional Economies in Small and Mid-Sized Metro Centers Creating Systems for Entrepreneur Support Innovation and Entrepreneurship in Rural America Kentucky’s Rural Innovation and Entrepreneurship Program: An In-Depth Look at How It Works  The Importance of Networks and Capacity Building in Technology Transfer and Commercialization
Best Practices in University Technology Transfer
A 21st Century Model for Engineering Education
Turning the Corner: Trends in Angel Investing Growing Ohio’s High Performance Economy Replanting the Economic Forest in Northeast Ohio Subscribe
About Economic Development America
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Technology Transfer: Accelerating Economic Development Through University Technology Transfer (cont.)Many public institutions – particularly the state land grant universities – view economic development as part of their mission, while private universities sometimes have a more tenuous link to economic development goals. Moreover, within some universities issues still remain about the role of technology transfer in regard to the university’s primary academic mission of teaching and education. In addition, academia and corporations represent two very different environments with contrasting values and cultures. Issues concerning the use of faculty time to pursue commercial goals based on their university research, conflict between the academic need for unrestricted publishing versus the corporate need for commercial confidentiality, and concerns about conflict of interest are still being worked through in many institutions. But other institutions such as MIT, Stanford, CMU, and Georgia Tech appear to have found a balance between achieving academic excellence and pursuing technology transfer and commercialization goals. They have found that by licensing and spinning off new technology enterprises they have enriched their academic environments, making them more attractive for “star” faculty and innovative-minded faculty and students. As a younger generation of faculty increasingly desires entrepreneurial opportunities, universities have had to embrace a more open entrepreneurial spirit. This has benefited the universities and the economies surrounding them.
Lessons from exemplary practicesIn 2004, the Connecticut Technology Transfer and Commercialization Advisory Board of the Governor’s Competitiveness Council began building a state agenda for science and technology leadership. As part of that effort, the Advisory Board contracted with Innovation Associates (IA) to examine national models of university-based initiatives and to provide the state with recommendations that would leverage its university resources and enhance its economic competitiveness. In a spirit of national cooperation, Governor M. Jodi Rell released parts of the original report, now entitled Accelerating Economic Development Through University Technology Transfer.2 Exemplary practices were examined at: Carnegie Mellon University (CMU), Georgia Institute of Technology (Georgia Tech), Massachusetts Institute of Technology (MIT), Purdue University (Purdue), Stanford University (Stanford), University of California, San Diego (UCSD), University of Pennsylvania (Penn), University of Wisconsin-Madison (UWM), Washington University (WU), and Cambridge University, United Kingdom (Cambridge). IA examined technology transfer and commercialization practices at these universities and, in some cases, also examined related university or community entrepreneurship programs, seed capital programs, incubators, research parks and cluster-driven innovation centers.
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