Universities and Research
A report from the IRS states that university-funded technology incubators and early-stage capital programs do not detract from the nonprofit, educational purpose of the institution.
This fascinating ruling points to an interesting dichotomy in the role of research universities: the focus on basic and highly applied research. If universities had traditionally focused on basic research that eventually (and only possibly) resulted in practical innovations, then will a focus on highly applied research with a focus on commercialization eradicate basic research? And, if so, where will basic research originate to fuel the next innovations?
However, if entrepreneurship is best learned in practice, a shift by universities to support the commercialization of research by faculty members and students may be the most powerful learning tool.
This fascinating ruling points to an interesting dichotomy in the role of research universities: the focus on basic and highly applied research. If universities had traditionally focused on basic research that eventually (and only possibly) resulted in practical innovations, then will a focus on highly applied research with a focus on commercialization eradicate basic research? And, if so, where will basic research originate to fuel the next innovations?
However, if entrepreneurship is best learned in practice, a shift by universities to support the commercialization of research by faculty members and students may be the most powerful learning tool.
posted by Anne at 5:41 PM
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