What are the benefits of university technology transfer efforts?
Academic technology transfer – the licensing of innovations by universities, teaching hospitals, research institutes and patent management firms – adds billions of dollars to the U.S. economy and supports hundreds of thousands of jobs. It contributes to the spawning of new businesses, creating new industries and opening new markets. Most important, technology transfer from universities to the commercial sector has led to new products and services that improve our quality of life. From new cancer treatments to faster modems, from environmentally friendly metal processing to beautiful flowering plants, technology transfer from academic institutions is advancing the way we live and work. Read Product Stories and The Better World Project for examples of the benefits of academic technology transfer.
Academic technology transfer – the licensing of innovations by universities, teaching hospitals, research institutes and patent management firms – adds billions of dollars to the U.S. economy and supports hundreds of thousands of jobs. It contributes to the spawning of new businesses, creating new industries and opening new markets. Most important, technology transfer from universities to the commercial sector has led to new products and services that improve our quality of life. From new cancer treatments to faster modems, from environmentally friendly metal processing to beautiful flowering plants, technology transfer from academic institutions is advancing the way we live and work.
