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|Wednesday, January 19, 2011|
By Corey Paul
Oregon State University changed the name of its Office of Technology Transfer on Monday, a seemingly minor step but one university officials call a major shift in philosophy that could also prove lucrative. The new Office for Commercialization and Corporate Development will take a more proactive approach in finding and selling research projects.
Better connecting higher education and research to the private sector is a huge issue for Oregon, commonly considered a shortcoming when comparing the state with Washington or California.
Partly explaining OSU's new approach is the growth the school saw in its research portfolio as well as an increasing number of faculty innovations moving into the marketplace. In the last decade, annual research funding doubled from $138 million to $275 million by last year.
Relationships differ, but most of the OSU spinoff companies financially benefit the university through an arrangement such as partial ownership or a licensing agreement, said OSU Spokesperson Todd Simmons. The innovators, of course, profit too.
Brian Wall, director of the department, wants more investment in the future toward the OSU Development Fund, a sort of gap fund that targets projects with other investment to pay for developments such as a prototype and make innovations seem less risky to larger investors. Wall also hopes to hire more staff to focus on building connections between other specific departments and the private sector.
The way Wall sees it, more startups mean more investment, which means job creation, higher incomes and new tax revenue.
"In my mind it's critical for state universities to help fill this role, especially with the economy where it is now," Wall said. "We could do a lot of good."
Corey Paul is an associate writer for Oregon Business.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Tuesday, May 27, 2014
Oregon is known for its green-minded citizens, and many workers are attracted to firms and organizations that practice green, not just pay lip service to it.
Thursday, May 29, 2014
BY KIM MOORE
Transportation accounts for the second-largest source of greenhouse gases in the U.S. (28% in 2012), and the use of renewable fuels, such as biodiesel and ethanol, is booming in light of state and national programs to make transportation fuels cleaner.
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Thursday, June 19, 2014
BY MONICA ENAND | GUEST CONTRIBUTOR
Nine tips for building habits among employees to respond when needed.
Thursday, May 29, 2014
BY LEE VAN DER VOO
A forest collaboration saves the Rough & Ready Lumber Company.
Wednesday, July 09, 2014
BY LINDA BAKER | OB EDITOR
Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.
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