University funding climates have rarely been tougher. Research departments are suffering and corporate R&D programmes are being cut back. But as WIPR discovers, it needn’t be all doom and gloom.
While it is true that universities and inventors are under pressure, it’s not necessarily the case that innovation will dry up. Indeed, it could even be argued that reduced funding and fewer partnership opportunities will serve as a quality control, forcing universities, partners, and later down the track, investors, to be more discerning, ensuring that only the very best inventions make the grade.
How universities approach the business of developing and commercialising IP rights also has an important role to play, while companies looking to partner with university researchers may find themselves missing an opportunity if they shy away now.
The view from the universities
Invention, IP rights