Research Paper

University-led Innovation Initiatives: Lessons from PRAI 2015

April 12, 2016

Authors Eugénie L. Birch Cara Griffin Laura Barron

Current Themes

University-led Innovation Initiatives: Lessons from PRAI 2015 -- title page

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Overview

This report examines the outcomes and lessons learned from the Penn IUR Roundtable on Anchor Institutions (PRAI) 2015. The roundtable brought together leaders from various university technology transfer offices to discuss the role of universities in promoting innovation and economic development. It highlights the changing fiscal and cultural environment for the commercialization of intellectual property and the importance of universities adapting to these changes to benefit their host communities.

Key Message

University-led innovation initiatives are crucial for driving economic growth and development in urban areas. The lessons learned from PRAI 2015 emphasize the importance of universities creating supportive environments for commercialization, including proactive technology transfer offices, strong partnerships with industry, and fostering a culture of entrepreneurship. By doing so, universities can significantly contribute to their local economies, generate new job opportunities, and support the development of innovation clusters in their regions