Universities aim to move ideas out of the ivory tower
Academic institutions are increasingly finding ways to protect intellectual property and commercialize research, which may not readily appear to have a business application. They are patenting inventions and starting companies. The University Research Corridor, which boasts that it's among the nation's top academic research clusters, is an alliance of U-M, Michigan State and Wayne State. Combined, the group said, those three universities get about $2.1 billion - or about 95 percent of all the research dollars to Michigan's colleges and universities - in research dollars. In recent years, Wayne State University - which said it has been averaging about 70 innovations a year - has been trying to enhance its commercialization efforts. Last year, it increased its licensing revenue from under $500,000 to about $700,000, and expects that number to climb as it brings more of its faculty's ideas to market. "The whole premise behind academic institutions being able to commercialize technology that emanates from research is to get it out for the public benefit," said Joan Dunbar, associate vice president of technology commercialization. "Since we use a lot of federal funding, we translate the discoveries into meaningful technology. It's less about the money for us and more about making sure we have public benefit for our research enterprise." In addition the university carefully manages the process to try to prevent conflicts of interests and directing academic research, she said. "Some people say academic institutions are hard to work with," she said, noting how the safeguards the universities put in place to protect the integrity of the research can seem to be an obstacle to commercialization. "But, we have to be careful."