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Technology Transfer: Are Faculty Entrepreneurs Still Swimming Upstream?

Technology Transfer: Are Faculty Entrepreneurs Still Swimming Upstream?
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Author(s): Russ Lea (University of South Alabama, USA)
Copyright: 2011
Pages: 14
Source title: Technology Integration in Higher Education: Social and Organizational Aspects
Source Author(s)/Editor(s): Daniel W. Surry (University of South Alabama, USA), Robert M. Gray Jr. (University of South Alabama, USA)and James R. Stefurak (University of South Alabama, USA)
DOI: 10.4018/978-1-60960-147-8.ch008

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Abstract

In the past three decades, economic competitiveness has morphed from an international concern (e.g. outcompete Japan) to a regional concern (e.g. knowledge clusters) to one where individual universities are in an “arms race” with each other for private and public funding (including licensing royalties, retaining star faculty, pursuing academic earmarking, developing technology parks and incubators, etc.). The greatest benefit that Bayh-Dole afforded universities, namely, to promote the utilization of their research for the public good, sometimes seems distant to the perceived objectives whereby universities attempt to maximize their own resources, including commercialization profits from faculty innovations that are ultimately transferred to the economy.

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