APLU: Reimagining technology transfer to reflect broader economic contributions

Beyond their traditional focuses on patenting and licensing, universities should reconsider how their technology transfer efforts can contribute more broadly to economic prosperity, according to a new report from the Association of Public and Land-Grand Universities (APLU) Commission on Innovation, Competitiveness & Economic Prosperity (CICEP). The report, Technology Transfer Evolution: Driving Economic Prosperity includes four briefs on topics relevant to redefining the field: engaging the local regional ecosystem; redefining expectations of tech transfer offices; adapting innovation management structures; fostering an entrepreneurial culture; and, supporting university startups. SSTI staff members contributed to the individual briefs and served on the commission’s advisory committee.

Ultimately, for institutions aiming to evolve their technology transfer activities, the report includes four guidelines: 

• Success in technology transfer should not be measured by revenue, but by contributions to economic prosperity;
• Technology transfer must better integrate and align with the broader economic engagement efforts of the university;
• Strategic resource allocation for technology transfer, including funding and staffing, must take into account a broader scope of activities and expectations; and
• The economic engagement story must be made more explicit.