Technology Transfer
FOR UMSL RESEARCHERS: BENEFITS AND OPPORTUNITIESThe primary objective of academic technology transfer is the development and commercialization of academic research findings, ensuring research ultimately reaches and benefits the public. Though many benefits, such as educational advancements for students and contributions to the academic research enterprise, are not immediately visible in the media or the marketplace, the Better World Project studies many product developments that are attributable directly to academic technology transfer efforts.
Additional benefits and opportunities of academic technology transfer:
- Encourages discovery of new knowledge and technology
- Provides career and financial incentives for faculty and staff inventors
- Attracts sponsored research
- Develops and strengthens ties with industry
- Provides faculty consulting opportunities
- Enriches the student experience and helps create opportunities for graduates
- Ensures stewardship of intellectual assets
- Generates income for researchers and the University
- Benefits the public welfare by bringing technologies to market that improve quality of life
- Enhances regional and national economies through new products and new companies based on University technologies