With over $70bn in sales generated from products developed from the work of academic scientists at just 200 US institutions, it’s no surprise that companies are increasingly turning to academia to access these leading scientific and engineering minds for their R&D efforts. Partnering with universities can help companies cut costs and accelerate internal R&D, bringing exciting new products to market faster.
When these strategic partnerships go well, they combine the innovation driven environment of the corporation with the discovery-driven culture of the university. With that being said, there are fundamental differences between academia and corporations which can present challenges when building industry-university partnerships.
In this report, we’ll address these differences and show you how to:
- Identify the science and the scientists who would be most relevant to your company and its products.
- Build a long-term relationship that benefits both parties.
- Negotiate with the technology transfer office (TTO).
Academic scientists are clever people with enormous knowledge in their chosen areas of specialisation and they frequently come up with exciting new technologies. With this report, we hope to bridge the industry university gap and provide useful insights for dealing with these institutions.
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