Panaceae of University Research and Tech Transfer

Business entities have latched on to an unrealistic expectation that all research at universities should lead to a tech transfer initiative at the end. Far from it, no less than 2 patents are usually realizable for every $100 million spent on research in university labs according to the Association for University Technology Managers (AUTM) data.  No less than 10% of all research anywhere (industry or academia) usually lead to an immediately transferable product to the market place. Most basic research is geared towards “knowledge expansion” and few move to applied research before a realizable product or process results. Businesses seem to be so enamored by a few success stories such as Gatorade, pharmaceutical discoveries that generally produce vast royalty income for universities.  This is a rarity and somewhat fortuitous in many circumstances. Short-sighted businessmen with selfish objectives of making vast profits repeat the mantra that university intellectual property (IP) protocols are too cumbersome and hence commercialization is sluggish. Many of these same folks believe (mistakenly) that university professors are “public” servants doing “publicly-funded” research and hence, businesses have the right to cash-in on their research.  They do not realize that state-funded institutions being used for research do not provide businesses a cart-blanch to claim public research output for themselves.  That belongs to the university and the faculty who generated them. Businesses should adequately compensate university before they license the technology.  This should not occur on business’ terms, but on university terms and that is a major disconnect.  So those who complain of intransigence on the part of a public state-funded university working under State rules should first look inwards at their selfish motives and see why barriers arise in tech transfer. Ideas that are being floated such as research foundations, corporations, collaborative, 501c(3) organizations etc., to facilitate tech transfer are only meant to circumvent State laws and will not provide any public good for those who put up the money in the first place.Featured image