Thursday, December 18, 2014

Universities Push Harder Into Realm of Startups

New York Times
December 18th, 2014

Universities are stepping up efforts to create “spinouts,” or business startups born from some of the cutting-edge research of their students or faculty.
Some schools are creating funds that help cover startup costs. Others are pairing scientists with entrepreneurs, launching incubators, or programs to foster business development, and even including entrepreneurial activity in their reviews of faculty.
The moves come as universities face heightened pressure from trustees, government officials and others to demonstrate the value of academic research. Universities and other research institutions created 818 startups in fiscal 2013, up from 705 in 2012 and 670 in 2011, according to the Association of University Technology Managers, a trade group. Universities often receive a royalty or licensing fee from such ventures and in many cases an equity stake, typically 5% to 10% of the new company.

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