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Assessing the Value of Research in the Chemical Sciences (1998) / Chapter Skim
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9 Assessing the University-Industrial Interactions
Pages 89-93

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From page 89...
... scientific research, 1Irwin Feller, "Technology Transfer from Universities," Higher Education: Handbook of Theory and Research, vol.
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From page 90...
... have significant economic impact. A recent summary published by the National Association of State Universities and Land Grant Colleges6 emphasizes that its member institutions foster new business, create new jobs, promote innovation, enhance the work force, and improve the quality (that is, the standard)
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From page 91...
... TRADITIONAL UNIVERSITY MEASURES Each year, the Association of University Technology Managers produces statistics on various measures of technology transfer activity at its member institutions. These measures include the number of disclosures filed, patents issued, and licenses granted, as well as university royalty income from licenses.
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From page 92...
... Even within this revenue stream, a very small number of patents at any institution produce the majority of revenues. The Wisconsin Alumni Research Foundation, one of the oldest and most successful technology transfer institutions, received 90 percent of its royalty income from ten patents, and one of these, Vitamin D, dominated the royalty income.
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From page 93...
... The metric might be more sophisticated if it included measures of preproduction investment and jobs induced by these companies, or even a highly comprehensive study of the economic impact of start-up companies such as been done for MIT by BankBoston.~3 A similar study on Silicon Valleys demonstrated that the number of jobs created and the tax revenue generated by such companies are important elements of an overall metric of economic impact. Second, institutions need to develop metrics that reflect the amount of investment made in support of their own research from their partnerships with industry.
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