University of Illinois Launches Multi Stakeholder Institute Focused on Applied Research

The Institute will focus on applied research (e.g., designing and testing products) thus going beyond pure research and advancing tech transfer. I am very glad that US universities are realizing there’s a lot they can do to catalyze the creation of new businesses, especially in technology, and that this takes a concerted effort between all three stakeholders: government, industry and universities. Furthermore, those employed in this Institute will learn the most challenging phase in putting products to market – tech transfer and proof of concept.

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