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University-Industry Engagement Advisor

University-Industry Engagement Advisor, January 2020

University-Industry Engagement Advisor, January 2020The following is a list of the articles that appear in the January 2020 issue of University-Industry Engagement Advisor monthly newsletter. 

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University-Industry Engagement Advisor
Vol. 2, No. 1, January 2020

  • Universities, industry ‘high’ on research partnerships in cannabis and hemp. If you think it’s been raining university-industry cannabis and hemp-related research projects, it’s not your imagination. With the growing number of states offering some level of legalization, particularly for the less controversial low-THC varieties of hemp, the barriers are dropping and the attraction of potential profits in this burgeoning industry is apparently too strong to avoid. In fact, Chicago-based market research firm Brightfield Group says that at least 38 universities are currently leading or participating in clinical CBD trials.
  • Cornell seeks to build upon early success of industry-friendly GateWay program. A little over a year ago, Cornell University launched a new initiative called “GateWay to Partnership.” The program, run through the university’s Office of Sponsored Programs (OSP) and developed in close cooperation with the Center for Technology Licensing (CTL), offers three distinct partnership options from which prospective partners can choose — each geared towards different types of relationships.
  • Four-decade partnership between HP and Oregon State a model of success. One measure of the strength of an academic-industry partnership is the depth and breadth of the collaborations. Another is the length of the partnership. With Hewlett-Packard and Oregon State University, the track record on both counts is impressive.
  • Proactivity is key to addressing financial audits of industry research. When it comes to financial audits of industry-sponsored research projects, “proactivity is key; the process will go much smoother by preparing ahead of time,” said Kelsey Foreman, senior consultant in the Risk Internal Audit and Cybersecurity Practice with Baker Tilly, a leading accounting and consulting firm. Foreman was addressing participants in a UIEA-sponsored webinar entitled “Financial Audits of Industry-Sponsored Research.”
  • Partnering with local business chamber yields industry engagement benefits. The Somerset County (NJ) Business Partnership (SCBP) has a long history, but its involvement in extensive partnering with local universities is much more recent. Originally known as the Somerville Chamber of Commerce, its original mission — as with many chambers — was to lead the local business community.

Posted January 15th, 2020