University research historically forms the foundation for many of the most significant U.S. technological advancements and industries—think biotechnology and the Internet, to name just a few notable examples. Yet many more ideas are left on the shelves and in the laboratories of universities across the country. These ideas are waiting to be developed into new products and services to fuel the United States in the 21st century. To be sure, hundreds of academic discoveries are transformed every year by entrepreneurs and established corporations. Yet even greater opportunities await to boost our nation’s economic growth and social wellbeing, through ideas that never make the leap.
This paper proposes a pilot initiative for the federal government to accelerate the great potential of breakthrough innovations arising from academic research. This $20 million pilot program would invest a small amount of federal funding to create rational experiments that test and demonstrate clear, replicable methodologies to bring existing research results into the U.S. commercial marketplace through ten local demonstration sites.
To read the full, original article click on this link: The Full Potential of University Research
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