How To Engage Academics Into Commercialization

Universities often encourage academics to commercialize their technology to advance their research.

Here are some key steps to engage academics into commercialization:

Focus on the impact of the research rather than the revenue generated.

Encourage the researcher to promote the technology into other groups.

Foster collaboration with other universities and research groups to carry the research forward.

Hold regular meetings to share the results of the collaboration.

Identify the market size and opportunities to demonstrate the need for the technology.

Expose the market to the technology and check interest.

Follow up significant interest that may lead to funding further research.

Measure the impact of industry funding on increasing research into the technology and advancing its application.

Identify specific companies that would benefit from the use of the technology and open a dialog about their financial support.

Researchers need support in identifying the market opportunity, building collaboration groups, and accessing funding to progress the technology.

Focus on these areas to encourage academics to engage in commercialization.

 

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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.