September 21, 2006

Location matters in commercializing university research, report says

Scientific prowess isn't the only factor that determines how successfully a university can turn its biotechnology research into economic profits, according to a study released yesterday by the Milken Institute, a private research organization that focuses on economics. Among other factors that have a bearing on success are a well-run and well-staffed technology transfer office and being located in a region with the right kinds of businesses. Several institutions that ranked high in quality and quantity of publications and patents did not fare as well in terms of their commercialization ability. The study focused on biotechnology research because it is a major area of commercialization for universities and a major driver of economic activity.

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