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Incentivize Entrepreneurial Behaviors at Universities – Especially in the Heartland

March 7, 2018
The heartland could benefit the most by providing greater incentives for faculty and students to engage in commercial endeavors

Thomas Edison relied on a simple philosophy to guide research that led to world-changing inventions such as the first practical lightbulb, the motion picture camera and an early version of the phonograph. “Anything that won't sell, I don't want to invent,” said Edison. “Its sale is proof of utility, and utility is success." This approach might be a bit extreme for public research universities, but closer alignment with Edison’s thinking could result in greater prioritization being placed on creating intellectual property that can lead to new products and services in the marketplace.
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