In the push towards an innovation economy, universities are increasingly looked to as a driver of economic development activity. The focus on university – industry partnerships is at an all time high. For decades, however, a consistent criticism of academia is that it operates in silos, causing interactions with industry to be a challenging, if not frustrating experience.
According to the Association of University Technology Managers, universities filed over 12,000 patents and generated $2.4 billion in total licensing income in 2010. Simultaneous to this activity, universities generated $4.3 billion in industry sponsored research. While these figures are impressive, one might speculate whether the impact could have been significantly greater if the management of these two efforts were integrated. Continue reading “Leveraging the Halo Effect”