While successful technology entrepreneurs like Bill Gates and Steve Jobs founded their respective companies after dropping out of college, research universities have still succeeded in fostering their own innovative technologies. Currently, however, when a professor or student develops a particularly extraordinary idea or product, the process of spinning-off the intellectual property into its own company is usually a slow and expensive process. David B. Lerner, an entrepreneur, angel investor and director of Columbia University's Venture Lab/Spin-Off program, recently proposed that universities work to reverse this trend and better facilitate startup spin-offs.
Some schools, like the ones we recently profiled in our list of the best entrepreneurial college programs, are doing a great job of facilitating entrepreneurship on the educational level. But as Lerner points out in his blog post Why and How Universities Should Embrace Startup Culture, most schools could benefit from revamping their spin-off practices.
To read the full, original article click on this link: How Colleges Can Better Nurture Startups - ReadWriteStart
Author: Chris Cameron