12/11/2006
Universities’ Role in Economic Development
by Mildred Holley, Technology Programs Manager
The December 2006 issue of the Milken Institute Review includes an article by Kevin Cullen, director of Research & Enterprise at the University of Glasgow. Big Ideas: The Squeeze on Universities examines the increasing expectations that universities play an active role in economic development. Cullen discusses the challenges for universities as they balance demands for profit generation with their mission of serving the public good. The quarterly Milken Institute Review can be viewed free of charge at www.milkeninstitute.org.
The Milken Institute also recently completed a study that looks at the biotechnology transfer process within universities around the world. The report evaluates universities’ performance in scientific discovery (publications and patents) and commercialization of their intellectual property (licensing and startup firms). U.S. universities, compared to Canadian and European universities, lead in invention disclosures, patents granted, and licensing income. European universities outperform their U.S. counterparts in startups established. The Milken study identified five broad factors that influence successful commercialization of university research.
1. National Innovation Policy,
2. Funding and Venture Capital,
3. Clusters of Biotechnology,
4. University Technology Transfer Mechanisms,
5. Commercialization Success: Patents and Licensing.
Mind to Market: A Global Analysis of University Biotechnology Transfer and Commercialization can be downloaded at no charge at www.milkeninstitute.org/publications/publications.taf. The report can be found within the site's Research Reports section.
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