In 2009, according to data from the Association of University Technology Managers (AUTM), companies sponsored over $4 billion worth of university research in the United States. Universities, rather than industrial labs, conduct the majority of federally-funded research in cutting-edge fields such as biotech, clean energy, and nanotechnology, often giving them a clear lead in the race to create ground breaking new initiatives in these fields and at the same time making them high-value open innovation partners. Some corporate innovation managers are surprised to discover that U.S. universities own large and diverse patent portfolios that originate from the cutting-edge scientific research that goes on in university research labs. Today, universities own nearly one-quarter of new U.S. patents on the fields of nanotechnology and biotechnology.[i] How do you tap into university know-how?
To read the full, original article click on this link: The Benefits of Partnering with US Universities in the Era of Open Innovation | InnovationManagement
Author:Melba Kurman
