University-Private Sector Research Partnerships in the Innovation Ecosystem
EXECUTIVE OFFICE OF THE PRESIDENT WASHINGTON DC PRESIDENT'S COUNCIL OF ADVISORS ON SCIENCE AND TECHNOLOGY
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The system of interconnected institutions, persons, and policies necessary to propel technological and economic development is commonly referred to as the U.S. innovation ecosystem. The Presidents Council of Advisors on Science and Technology PCAST has reported on various aspects of this ecosystem. This report builds on these studies to investigate research partnerships between universities and the private sector. There are several trends that PCAST considers to fall specifically within context of university-private sector research partnerships. The first is the growing imbalance between the academic research capacity and the Federal research budget. The second development is the reduction in basic research performed by the industrial sector. Private foundations are expanding their capacity to fund research, a trend expected to be important in the future. Lastly, the accelerating speed of technological development requires new methods of knowledge exchange to capture the societal and economic benefits of these innovations. The PCAST reviewed the current state and historical trends of the U.S. RD enterprise. They examined inputs and outputs of the ecosystem to evaluate the effectiveness and productivity of the research enterprise. Finally, PCAST examined the effects of increased globalization of economic markets on the RD enterprise. PCAST considered several models of university-private sector research partnerships and models of private foundations funding. The varied nature reflects the diversity of the ecosystem. PCAST did find numerous barriers and opportunities that many partnerships shared in common these are included in the Appendices. PCASTs findings and recommendations fall into five general areas Basic Research and Innovation Economic and Regulatory Policies Impacting U.S. Innovation and Research Partnerships Network Models of Open Innovation Connection Points Between Partners in the Innovation Ecosystem and Measuring and Assessing Innovation.
- Economics and Cost Analysis
- Government and Political Science
- Test Facilities, Equipment and Methods