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.
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