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Business Development Activities at Academic Institutions as Related to the Education, Training, and Career Development of the Next Generation of Scientists and Professionals

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Abstract

Every year large sums of tax payers money are used to fund scientific research at various universities. The result is outstanding new discoveries which are published in scientific journals. However, more often than not, once the funding for these research programs end, the results of these new discoveries are buried deep within old issues of technical journals which are archived in university libraries and are consequently forgotten. Ideally, these scientific discoveries and technological advances generated at our academic institutions should lead to the creation of new jobs for our graduating students and emerging scientists and professionals. In this fashion the students who worked hard to produce these new discoveries and technological advances, can continue with their good work at companies that they helped launch and establish. This article explores some of the issues related to new business development activities at academic institutions. Included is a discussion of possible ways of helping graduating students create jobs for themselves, and for their fellow students, through creation of new companies which are based on the work that they did during their course of university studies.

© 2007 Optical Society of America

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