Sunday, December 16, 2007

Bell Labs Is Gone. Academia Steps In.

From The New York Times - PAY me now, and pay me later.

That’s the new mind-set at some leading research universities in dealing with business — and the essence of an emerging model for how corporations can tap big brains on campus without having to pay their salaries.

Corporations have long been able to license intellectual property from universities, but these deals are cumbersome to negotiate and tend to work best when corporate researchers know exactly what they need to create.

They don’t always. Often, they explore scientific and technological frontiers without a map. After blue-sky thinking and random experimentation, they build new products without relying on neatly defined patents or published scientific papers — the bread-and-butter of academic knowledge production. | Read full article

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