New Approaches to Technology Transfer from Publicly Funded Research

Abstract

The conventional wisdom is that American universities transfer technologies more rapidly and more effectively than their European counterparts. While this appears to be true, it is important to note that there are substantial cultural, legal, and regulatory differences between the two regions, and even within Europe. We believe that European universities can enhance their effectiveness in technology transfer if this function is given more visibility and prestige, enhanced public support, and formal procedures are implemented to facilitate benchmarking. In this paper, we examine some of the differences in university technology transfer in Europe and the U.S., and discuss these new approaches, which have recently been fully supported by the European Commission.