University Start-Ups: Critical for Improving Technology Transfer

University technology transfer has been largely dominated by a business model of licensing university patents to the highest bidder. This model is unprofitable for most universities and sometimes even risks alienating the private sector. However, a new and smarter model has emerged and is being increasingly adopted. In this new model universities nurture their own start-ups and make available their patents to them. This ought to improve technology transfer. But universities cannot do it alone, they operate within a larger innovation ecology and the government can help foster an adequate environment for entrepreneurship.

By: Walter D. Valdivia

Full Story: http://www.brookings.edu/research/papers/2013/11/university-start-ups-technology-transfer-valdivia