Washington, DC – Public universities have made key strides in evolving their technology transfer activities, but must take additional steps to address the demands of the innovation economy, according to a new report the Association of Public and Land-grant Universities (APLU) released today.
APLU’s Commission on Innovation, Competitiveness, and Economic Prosperity produced the report to help public research universities evolve toward more comprehensive technology transfer efforts. The report, Technology Transfer Evolution: Driving Economic Prosperity, calls on universities to accelerate their transition to a technology transfer model that reflects a broader engagement in economic development, and that connects to and supports the learning and discovery missions of universities.
“In a knowledge-based economy, it’s more important than ever for public universities to engage their technology transfer efforts as part of their broader mission to drive prosperity,” said APLU President McPherson. “Institutions should continue to redefine expectations for their technology transfer offices, and connect them with other aspects of industry and entrepreneurial partnerships. Technology transfer must serve help institutions’ broader strategic goals.”
The report finds public research universities are moving beyond a transactional, revenue-driven technology approach. They are increasingly important drivers in regional and national innovation ecosystems, educating high-skilled graduates who produce the ideas and deliver services that drive the innovation economy.
The report identifies four guideposts for institutions aiming to evolve their technology transfer activities:
APLU’s Commission on Innovation, Competitiveness, and Economic Prosperity (CICEP) produced the report at the direction of University of California, San Diego Chancellor and outgoing CICEP Chair Pradeep Khosla.