Why university-industry partnerships matter

Abstract

Basic research, much of which emanates from the outstanding academic laboratories located in the United States and abroad, is the foundation for the innovation that has created the new therapies, materials, and processes that benefit humankind and generate wealth for companies that successfully translate discoveries to commercial success. This is not a linear, one-way process; optimizing the process of discovery to innovation demands dynamic and multifaceted approaches to teaming at the university-industry interface.