Even MIT Hasn’t Figured out Technology Transfer

A recent article http://www.forbes.com/forbes/2010/1122/champions-free-enterprise-krisztina-holly-ivory-tower.html in Forbes references, two studies that support my ongoing opinion http://billpayne.com/2010/07/16/an-angel%e2%80%99s-perspective-on-tech-transfer.html that transfer from US universities into both existing businesses and startup ventures is really, really difficult to do, currently ineffective and surely in need of a major overhaul.

A 2009 study http://www.kauffman.org/research-and-policy/mit-entrepreneurs.aspx found that MIT alumni have started 25,800 still-operating businesses, with a total of 3.3 million employees and $2 trillion a year in revenue. Combined they’d be the eleventh-largest economy on Earth. But, this study did not suggest that MIT graduates were commercializing MIT R&D. MIT alums are starting companies and that is absolutely wonderful. MIT has clearly created an environment which encourages graduates to become entrepreneurs. Cool, huh?

BUT…

Bill Payne

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