Philadelphia's Osage University Partners has set up a fund to provide profit to schools where initial research is done, according to The New York Times.
THERE are a lot of smart people in universities. Some may even be geniuses. Many of them are certainly good at inventing technologies that will change our lives.But for the most part, universities aren't particularly adept at extracting the full measure of profit from all those innovations. While university technology transfer offices routinely license the intellectual property developed on campus, the schools themselves often aren't very nimble at retaining large stakes in the start-ups that exploit that property.Source: The New York Times
Read the full story
here.