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Academic Innovation

  • Ian E. Maxwell
Chapter

Academic innovation may seem like a contradiction in terms, but as governments around the world steadily withdraw their financial support, cash-starved universities are racing to generate income through the commercialization of their intellectual property (IP). This IP, which is mainly captured in the form of patents, has been harvested from the university research activities. Many governments are encouraging this shift towards innovation at universities in the hope of creating another “Silicon Valley” to stimulate high added value economic activity.

The Bayh-Doyle Act of 1980 was a landmark piece of legislation in the US and unlocked all inventions and discoveries that had been funded throughout the US with taxpayers’ money. This Act which has been termed the “Innovation’s Golden Goose” was instrumental in encouraging universities to commercialize their IP.

In order to more effectively manage these commercially oriented activities alongside their traditional academic roles,...

Keywords

Intellectual Property Initial Public Offering Technology Transfer Office Innovation Business Model Entrepreneurial Ecosystem 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Ian E. Maxwell 2009

Authors and Affiliations

  • Ian E. Maxwell

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