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.
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