Recent research tells us that corporate research has become less centralized in the last 35+ years.
According to R&D Magazine, "Academic-industry partnerships are becoming increasingly robust and collaborative as a result of growing economic volatility, competition from emerging economies and a rapidly evolving technological landscape that has changed the way people work, exchange information and conduct research."
What does this trend mean for technology transfer professionals?
As industry focus moves away from internal R&D, there is a greater need – and opportunity – for universities to engage in industry collaboration. University technology transfer has existed for many years, but based on changes in industry R&D, the role of the university in society has never been more important.
We predict three exciting impacts for university technology transfer advocates:
1. More sponsored research agreements (SRAs)
As corporate investment in internal R&D falls, the need for research is still there. From basic research to specific research neds, corporate technology scouts will turn to SRAs to find the next great breakthrough.
Building relationships with research labs is becoming more and more essential for industry. Research labs and TTOs, take note.
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