From this week’s State Science and Technology Institute newsletter, some heartening news about the level of industry engagement with Indiana’s research universities. According to the National Science Foundation, Indiana ranked among the top ten states in total university research funding provided by private sector sources in 2007. We’re 2nd (behind only North Carolina) in our percentage of academic R&D funding provided by industry.
Collaboration between business and academia has been a strong driver of our innovation-based economy. University-sponsored incubators like the Purdue Research Park and IU’s Emerging Technologies Center are filled with promising start-up companies, showing the real commercial potential and economic impact of university research. The IU School of Medicine has been an important source of intellectual capital fueling our state’s life sciences growth, while Purdue’s Center for Advanced Manufacturing and Technical Assistance Program (TAP) have helped our high-tech manufacturing sector stay globally competitive. The examples of fruitful university partnerships with Indiana companies that have helped develop new products and create new jobs could fill several volumes.
This data shows at the macro-level that private industry continues to take a strong interest in university research efforts – a trend that bodes well for future economic growth.
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