Tuesday, September 16, 2014

New Report’s Recipe for Economic Success: Nurturing University-Business Ties

The Chronicle of Higher Education
September 16th, 2014

For the United States to stay economically competitive, research universities must strike many more partnerships with the private sector, the American Academy of Arts and Sciences said in a report issued on Tuesday.
The report was written by a 25-member panel of academic, government, and business experts. Their call for tighter ties between universities and businesses was among a series of recommendations for bolstering American research and economic growth.
University attitudes toward private partnerships have softened since the 1970s, when American faculty members and their institutions largely shunned business ties. But in many foreign countries, those ties are now deep and growing, and American attitudes and policies need further adaptation to keep up, the panel said.
The suggestion is likely to be politically divisive, said a co-chairman of the panel, Neal F. Lane, a professor of physics at Rice University and former director of the National Science Foundation.

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