REUTERS/Brian Snyder - Peter Schmitt, a PhD student at the Media Lab at the Massachusetts Institute of Technology, shows the powered wheels he designed for a prototype of the City Car, a collapsible, electric, battery powered car he helped create at MIT, in Cambridge, Massachusetts November 13, 2007.

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Technology Transfer 2.0: Finding economic value in university R&D

June 7, 2016, Scott Andes

With traditional sources of funding under siege, universities are increasingly looking to commercializing research, or "tech transfer" as a financing mechanism. Unfortunately, traditional technology transfer has thus far been largely a failure—but it doesn't have to be this way. Scott Andes argues universities' approach to tech transfer should be modernized in three key ways to increase its yields and expand its benefits to more schools and throughout regional economies.

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