Track A

A5 Industry University Collaboration Models: Reinventing the Wheel

Track: Industry/Academic Partnerships

Target Audience: Advanced

Dipanjan (DJ) Nag, The Ohio State University

Lita Nelsen, Formerly Massachusetts Institute of Technology (MIT)
Suguna Rachakonda, Cleveland Clinic Innovations
Jay Schrankler, University of Minnesota
Gayatri Varma, MedImmune

Less than 10 percent of a typical university research budget is industry-sponsored. So how do we create that “easy button” to allow industry to work more closely with universities and shift some of the research dollars toward them? We’ll discuss the models that industry has adopted to enrich relationships with universities. We’ll address the nuances of a technology access fee model, use of non-bond-funded buildings to avoid issues with tax-exempt bonds, use of a pre-competitive model to attract consortia members, use of public-private partnerships to leverage industry dollars, and early engagement of industry venture funds.

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