industry-university collaborations matter - elsevier...goals report 2016 upwards of 85% of global...

Industry-University Collaborations Matter

October 30, 2018

PURE Meeting

R&D SPENDING

Global

$1.7 trillion

U.S.

$511 billion

More than $58.3 million per hour

Source: 2016, unstats.un.org

The Sustainable Development

Goals Report 2016

Upwards of 85% of global spending on research is wasted

Source: 2015, vox.com

Most Research Spending is Wasted on Bad

Studies. Thee Billionaires Want to Change

That.

R&D SPENDING

U.S. University R&D

• $4.2B from Industry

• $72.0B overall

• 5.8%

4

Source: NSF – HERD

CALIBRATION POINT

71% research universities

60% large corporations

53% startups

47% governmentAccording to a new Innovation Indicator survey from the Polsky Center for Entrepreneurship and Innovation at the University of Chicago

What fuels innovation

in the U.S.?

U-I collaboration poses challenges and opportunities UIDP

How do you measure ROI from a partnership? UIDP

Awareness

Involvement

Support

Sponsorship

Traditional Engagement Holistic Engagement

University-Industry Relationship Continuum

• Career Fairs• Interviews

• Affinity Sponsorship

• Joint Partners

• Major Gifts

• Endowed Positions

• Collaborative Research

• Outreach Programs

• Technology Licensing

• Curriculum Support

• Research Support

• Workshops• Student Org

Funding• Philanthropic

Support

• Research Grants

• Internships/ Co-op

• Consortia• Capstone

Courses

Leve

l of

Enga

gem

en

t Strategic Partner

UIDP

Company R&D strategy – often turbulent UIDP

10

We spend too much time worrying about things that are unlikely to happen

UIDP

Students, not patents, are the greatest source of technology transfer

UIDP

Universities perceived as vendorsand much work is transactional

UIDP

Universities don’t create products. They serve as catalyst for product development

UIDP

Companies have to think globally UIDP

15

Positioning yourself to maximize collaboration UIDP

Develop a realistic identity UIDP

Expand your approaches to partnering UIDP

Role of government and its impact

19 UIDP