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Shooting for the Moon: How Universities Can Turn Innovation into Companies

In my last post http://www.techcrunch.com/2009/09/29/the-vc-the-professor-and-the-valley-of-death/ , I explained the motherlode of innovation hidden in the huge stacks of patents and discoveries backlogged at our universities and research labs. While entrepreneurs in Silicon Valley trip over each other to create the next iPhone app, they ignore the early-stage discoveries which could lead to the next Internet, a revolutionary memory device, or a cure for infectious diseases. Researchers in university labs find vast numbers of breakthroughs which can better the world. Most of their work never sees the light of day. Hardly 0.1% of all funded basic science research results in a commercial venture.

Vivek Wadhwa

Full Story: http://www.techcrunch.com/2009/09/30/shooting-for-the-moon-how-universities-can-turn-innovation-into-companies/

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