From California’ Silicon Valley to Austin’s “Technology Cluster,” there are numerous examples of successful collaborations between universities and industry. Chief executive officers and others involved in site selection should consider whether collaboration with one or more universities would enhance their next facility location decision. In the right circumstances, working with a research university in the area in which your company is locating may prove to add tremendous value. Three key areas need to be considered:
1. R&D of new and innovative technologies, processes, and products;
2. Best practices for business leadership and management principles; and
3. Work force development and recruitment of engineering and management talent, as well as talent for other positions.
To read the full, original article click on this link: How Locating Near a University Could Benefit Your Company’s Bottom Line | Area Development Online
