Before the University of Minnesota established its Office for Technology Commercialization in 2006, there wasn’t much emphasis on entrepreneurism or spinning off new companies from the U’s vast range of research activities. Known as “technology transfer,” it’s a process by which academic researchers partner with in-house business experts on how to license patented ideas, launch new companies, raise capital, enter markets and do all the entrepreneurial things that scientists may not otherwise be prepared for.
Image: http://tcbmag.com
