The Government-University-Industry Research Roundtable will host a webinar to discuss a report from the University of Michigan's Economic Growth Institute assessing university collaboration and tech commercialization best practices. Research universities are the cornerstone of American innovation; the country's national competitiveness depends on these institutions to increasingly perform, translating research into the innovative products the country needs. This study investigated the best practices of 59 Innovation & Economic Prosperity (IEP)-designated universities in technology commercialization and assigned four areas of best practice: culture, champions, incentives, and collaboration. Universities with a strong cultural emphasis on lab-to-market activities promote its value across all internal departments and levels of leadership. Strong technology ecosystems are dependent upon experienced professionals moving technology forward and reducing barriers. Incentives are vital to motivate and reward new ideas; and collaborations are necessary to foster ideas and increase access to resources throughout the ecosystem.
The GUIRR webinar will discuss the study's findings, which provide foundational research for how universities effectively move innovations from the lab to the market and benefit society, with Paula Sorrell and Sarah Crane of the Economic Growth Institute at University of Michigan.