Partnerships between universities and industry that advance research and support technology innovation have become major drivers for U.S. competitiveness and economic growth.
Successful university-industry partnerships are formed over an extended period of time and share common characteristics
Optimizing university-industry partnering from discovery to innovative technology development requires a partnership that brings together the best research from university and private sector teams with a common goal of creating economic and social benefit for all.
The future of university-industry partnering is clear. Those universities who pursued university-industry partnerships with the highest level of total research dollars bested peers with the lowest level of industry sponsored research at the following rates:
- Were 16x more effective at generating industrial research
- File 10x more patent applications and have 14x more patents issued
- Execute 8x more industry technology licenses
Successful university-industry partnerships are formed over an extended period of time and share common characteristics:
- Represent areas of aligned research interest
- Include both discover and applied research
- Establish a common understanding of timelines, milestones and budgets
- Involve students and create experiential opportunities
- Share research tools and resources
- Build from research projects into sustainable technology platforms
- Generate comprehensive solutions leveraging university-wide resources
- Form the basis for industry philanthropy