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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.
Wednesday, May 27, 2015
BY LINDA BAKER | EDITOR
More than 250 people turned out today for Oregon Business magazine’s seventh annual celebration of the 100 Best Green Companies to Work For in Oregon.
Thursday, June 11, 2015
In 2014, total revenue for camping and day use in Oregon State Parks was a little more than $17 million. That figure may even higher this year "because we've had exceptionally nice weather," Hughes says.
Wednesday, June 10, 2015
Jeff Lang and his wife Rae used to dole out campaign checks like candy. “We were like alcoholics,” Lang says. ”We couldn’t just give a little.”
Wednesday, June 17, 2015
Thursday, June 25, 2015
An international architecture firm known for its design of the National September 11 Memorial Museum Pavilion in New York unveiled its plan this week for a modern indoor/outdoor food market at the foot of the Morrison Bridge in downtown Portland.
Friday, May 22, 2015
BY JOE CORTRIGHT
How conservation stimulates the local economy.
Friday, May 22, 2015
BY KIM MOORE
As momentum grows at the state level to introduce far-reaching environmental regulations, such as carbon pricing and the Clean Fuels Program, Oregon employers continue to go the extra mile to create green workplaces for their employees.
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