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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.
Tuesday, June 03, 2014
Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
Thursday, June 12, 2014
BY ANDREA DURBIN | OB GUEST BLOGGER
Last week, the Obama administration took an important and welcomed step in the effort to protect the health and well-being of all Oregonians by limiting carbon pollution from existing power plants.
Thursday, June 19, 2014
BY MONICA ENAND | GUEST CONTRIBUTOR
Nine tips for building habits among employees to respond when needed.
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
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