Universities worldwide are being called upon like never before to promote innovation, entrepreneurship and the commercialization of research – and to demonstrate the results of their efforts in terms of economic impact. Jobs, payrolls, and tax receipts have become some of the new metrics for tech transfer organizations as local, state and national government leaders push for growth through research discoveries and innovation-driven start-up activity.
For many, this has brought closer integration and partnership with local and regional economic development agencies, as well as more pressure to demonstrate the ways TTOs and their universities contribute to their communities’ fiscal well being.
But large scale economic development initiatives come with equally large challenges, and that’s why Technology Transfer Central offers the following resources that deliver best practice advice from top university-driven economic development efforts.