Increased investment in R&D by business is crucial if university research is to be transformed into successful commercial products, the Science & Technology Committee has reported. The findings of their report form part of the ‘managing intellectual property & technology transfer’ inquiry, which explored the role of universities in commercialising their research.
The Committee found that while there is not a 'one-size-fits-all' approach to successful technology transfer, universities, and their 'technology transfer offices', need to share best practice. They recommend the soon to be established UK Research & Innovation (UKRI) should take a pivotal role in developing & sharing good practice in commercialising university research. |