Track D

D7 You Must Unlearn What You Have Learned to Create a Successful Industry-University Open Innovation Model

Track: Industry/Academic Partnerships

Target Audience: Advanced

Dipanjan (DJ) Nag, Ohio State University

Erdagon Cesmeli, GE Ventures
Jamie Kemler, Stryker Corporation
Jay Schrankler, University of Minnesota
Mike Wiseman, Honda

Open innovation has not effectively taken off in the United States, especially in the university sector. There are myriad hurdles to a successful collaboration model that works well for both sides. A robust pipeline for industry starts with creating and fostering an innovation ecosystem in which universities play a pivotal role. Negotiation touchpoints, including valuation of the technology, maturity of  technology, relationship structures, intellectual property (IP) terms and the interval to close a deal, are all important. Successful innovation hubs formed in Silicon Valley, San Diego, Boston and Research Triangle Park all rely on strong university industry collaborations with various degrees of openness. Join this session to discover the key building blocks of successful collaboration between universities and industry.

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