The paper’s findings suggest several potential state and institution-level policy interventions may help increase university commercialization rates
- Increase investment in academic technology transfer offices ;
- Foster a campus culture that encourages and values research with commercial potential, through training, publicly acknowledging or celebrating success, rewarding commercialization activity in the tenure and sabbatical processes, and supporting mentorship programs for interested faculty;
- Encourage the campus research community to collaborate with industry partners, local businesses, and other research institutions and collect data on these efforts’ impact to inform future strategies.;
- Update intellectual property policies for more efficient technology transfer and increased industry engagement;
- Expand support for commercialization opportunities in schools and colleges where commercialization paths are less likely to involve patents, such as through copyrights, digital rights, and trademarks;
- Invest in financial programs that support university-industry research and commercialization collaboration;
- Recruit faculty with interest in commercialization; and,
- Provide commercialization-oriented faculty convenient access to startup incubation space and venture development organizations.