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Economic Impact of Universities


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University Research Helping to Create Jobs

(The following bibliography was prepared largely from results of a techno-l list-serve request on 12/6/00.)

1. General Economic Impact Studies of Universities on the Local Economy:

  1. Economic Impact Study on Boston Area

  2. The State New Economy Index

  3. The Metropolitan New Economy Index

  4. NASULGC Study: Shaping the Future. The Economic Impact of Public Universities. National Association of State Universities and Land-Grant Colleges. August 2001 report concludes that $1 invested by the state in the Universities returns $5 to the state's economy.

    URL: http://www.NASULGC.org/publications/econ.pdf.

  5. Innovation U. New University Roles in a Knowlege Economy

  6. Technology Transfer and Commercialization: Their Roles in Economic Development

  7. The Kept University From the Atlantic Monthly, March 2000

  8. Taken from the FSRI TechUpdate, May 17 2004 ed. newsletter:

    The Center for Economic Development at Carnegie Mellon University has produced a report of case studies concerning the university role in promoting and sustaining industry clusters. The study highlights eight universities including Florida State University. The three key factors for successful collaborations are breadth of involvement, a strong base of relevant R&D, and a regional alignment. The U.S. Department of Commerce sponsored Universities and the Development of Industry Clusters, which resides at HERE.

2. General Economic Impact Studies of University Research, Patenting and Licensing Activities (Technology Transfer) on the Economy:

a) National Governors Association: http://www.nga.org/

NGA Report (April 28, 2000): Building State Economies by Promoting University-Industry Technology Transfer. This report examines the importance of state universities' patent and licensing agreements to economic development plans and provides policymakers with strategies for promoting university-industry technology transfer. URL: http://www.nga.org/center/divisions/1,1188,C_ISSUE_BRIEF^D_653,00.html

b) MIT, Ohio State (http://www.techtransfer.rf.ohio-state.edu/tp_library_documents.html) and the University of Pennsylvania have published Reports of the economic impact of university technology transfer ( see www.autm.net under "Journal, IX (1997)." From the MIT site:

URL http://web.mit.edu/afs/athena.mit.edu/org/t/tlo/www/pubs.html

- MIT: The Impact of Innovation: The study prepared by BankBoston examines the economic impact of companies founded by MIT alumni.

- Pre-Production Investment and Jobs Induced by Technology Licensing: The MIT Method. A description of the data gathering method used in the study of the impact of MIT licensing.

- MIT study: Invention Licensing has significant impact on economy.

c) AUTM. The Association of University Technology Managers collects and publishes statistics and analyses of university patenting and licensing activities. URL: http://www.autm.net/. select Survey Section. The Press Releases demonstrate the economic impact of these activities. AUTM studies note that increasingly Universities are licensing to new local startup companies based on the University technology. This positively impacts the local/State economy.

d) National Council on Competitiveness: Lists a number of Reports and shows the current Regional Clusters of Innovation Project. URL: http://www.compete.org/who/who_index.html.

e) National Science Foundation's New Funding Program: NSF seeks to stimulate 'Partnerships for Innovation' among colleges and universities, state and local governments, the private sector and other relevant organizations, emphasizing productive links among relevant parties to enable innovation.

URL: http://www.nsf.gov/pubsys/ods/getpub.cfm?ods_key=nsf0082

Information summarized from NSF material:

Total national R&D funding has never been higher. It now amounts to $250 billion dollars. For some years government funding has remained nearly flat, and the upward trend is due almost entirely to increased Industry spending. In 1980, industry surpassed the Federal Government as the leading supplier of R&D dollars. Since then, industry's share of the national R&D performance has been rising steadily. That means the Federal share is down, and down quite substantially - in 1999 the federal government provided only 27 percent of all R&D funds in the US. That's the lowest level since NSF started collecting the data! A decade ago, the federal share was 46 percent. Three decades ago, the federal share was 60 percent. That presents something of an issue: while federal investment in research wanes, industry is increasingly dependent on academic research and other publicly supported research at the frontier.

"Increasing funding for the National Science Foundation is one of the most important components of the Administration's campaign to ensure America's continued economic growth. Historically, we have seen that discoveries made in the science and engineering arenas have propelled our economy forward by paving the way for breakthroughs in technology that in turn spawn entirely new industries."

--Alfred R. Berkeley, III, President of The NASDAQ Stock Market, Inc., in a press statement made available at the February 7, 2000 briefing on the FY2001 National Science Foundation budget

Are you looking for the latest examples of innovative Florida State University technology? Click here.

3. State Efforts:

a) National Governors Association: Report (February 26, 2000): State Strategies for the New Economy. This report describes the steps states can take to cultivate successful R&D environments.

URL: http://www.nga.org/center/divisions/1,1188,C_ISSUE_BRIEF^D_599,00.html.

b) National Governors Association: Report (April 28, 2000): Growing New Businesses with Seed and Venture Capital: State Experiences and Options. From these experiences, it is possible to draw some lessons to guide future state efforts to increase venture investing. http://www.nga.org/center/divisions/1,1188,C_ISSUE_BRIEF^D_621,00.html

c) National Governors Association: Report (May 15, 2000): Nurturing Entrepreneurial Growth in the New Economy. How can State Strategies Nurture Entrepreneurial Needs? http://www.nga.org/center/divisions/1,1188,C_ISSUE_BRIEF^D_588,00.html

d) Southern Technology Council, A Division of the Southern Growth Policies Board

Benchmarking Studies. List of Publications can be found at:

URL: http://www.southern.org/pubs/index.shtml

e) Florida: Florida Chamber of Commerce New Cornerstone Report. November 2001. Universities and technologies must be a key part of the Florida future economy.

http://www.techtransfer.fsu.edu/documents/newcornerstonech1.pdf

f) Ohio based State Science and Technology Institute. Study of State Funding for Co-operative Technology Programs - all 50 states. A compilation of state technology, partnering and financing activities across the US. URL: http://www.ssti.org/Publications/online.htm. http://www.ssti.org/

g) California: The University of California system wide University -Industry Research Co-operative Program. URL: http://uc-industry.berkeley.edu/. The SBA Report entitled "Building High-Technology Communities: San Diego", documents the partnership based economic renaissance which occurred in the face of defense cutbacks. http://www.sba.gov/advo/press/00-10.html.

h) Michigan: The State of Michigan's story of linking technology and business together.

URL: http://www.greattechnology.org/

i) New York: New York Star, the state wide innovation engine.

URL: http://www.nystar.state.ny.us/.

j) North Carolina: Vision 2030, mapping the Vision.

URL: http://govhunt.gov.state.nc.us/govoffice/vision2030/

Technology Transfer Incentive Program.

4. Entrepreneurship

a) National Commission on Entrepreneurship Report. Building community based Entrepreneurial Networks. December 2001
http://www.techtransfer.fsu.edu/documents/networks_Report.pdf

b) A selection of must read books about entrepreneurship as suggested by the Gainsville Area Innovation Network.
http://www.techtransfer.fsu.edu/documents/booklist.pdf

c) Campus business incubators can lead to profits for Florida Universities. - Palm Beach Post Article, June 13, 2004
Click to read article

This list was compiled by "John A. Fraser", jfraser@techtransfer.fsu.edu, with input from:

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