Do we need technology transfer? And if so, what for? The National Academy of Inventors (NAI) addresses these questions in a recently published article. Technology transfer is certainly not a sure route to big money – although the US professional association AUTM reported a record of USD 2.6 billion total licensing revenues for academic institutions in the USA in 2012. Further studies show, however, that less than 1% of all active licensing contracts bring in more than USD 1 million, and that more than half of the technology transfer establishments in the USA bring in less money than they require. So where’s the benefit? To be found on several levels, according to the article’s authors. Citing numerous examples, they make clear that technology transfer is a vital component of the system, bringing many advantages to scientists, academic institutions, the economy and society. Apart from the licensing revenues themselves, these include:
- stimulating a lively culture of innovation at academic institutions that, for example, helps to recruit and retain top scientists
- raising the chances of attracting financing, e.g. via industrial or international cooperations
- improving the quality of education and the professional prospects of scientists via contacts and cooperations with industry
- benefits to society through innovative products that improve health and quality of life
- economic gains brought by new companies, attractive jobs and an increase in the gross domestic product
For more information: Article in Technology and Innovation, Volume 16, Number 1, 2014, pp. 75-84(10); Open Access:<link http: www.ingentaconnect.com content cog ti art00009 external-link-new-window> www.ingentaconnect.com/content/cog/ti/2014/00000016/00000001/art00009
