Evolving tech transfer activity: Colleges find success beyond revenue

by Jason York, University Business
Public universities are evolving their technology transfer activities but must take additional steps to address the demands of the innovation economy, according to a recent report from the Association of Public and Land-grant Universities. The report, “Technology Transfer Evolution: Driving Economic Prosperity,” finds public research universities moving beyond a transactional, revenue-driven approach to selling intellectual property for commercialization purposes. It also calls for universities to accelerate the transition to a model that reflects broad engagement in economic development. Technology transfer offices should develop deeper relationships with industry and other community partners, the report says.

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