In 2010, the University of Texas System Institutions successfully raised over $2.34 billion in research funding.
A portion of this research is “basic” or “fundamental” and carries no direct or immediate commercial benefits. A portion of this research is “developmental” or “applied” research that carries potential commercial benefits. Transferring technology from applied research, the University of Texas generated over $42 million in licensing revenue in 2010.
Basic Research > Applied Research > Technology Commercialization
What is Basic Research?
- Advances fundamental knowledge about the human world
- Is the source of most new scientific ideas and ways of thinking which may not be immediately utilized
- Modern computers could not exist without the basic research in mathematics (data processing), deposition chemistry (microchips) and light emission (graphic display)
- Basic research would have no value to broader society without societal and commercial-driven applied research
What is Applied Research?
- Advances the human condition through development of societal improvements and commercialization objectives
- Accesses basic research for a product, service, societal improvement or commercial purpose
- Modern computers could not existing without applied research in transistors and microchips (data processing), silicon wafer production (microchips) and light emitting diodes (graphic diplay)
- Applied research would have no starting point without fundamentally-driven basic research
What is Technology Commercialization?
- Advances the human condition through delivery of societal improvements and commercialization objectives
- Commercializes output from Applied Research including skills, knowledge, technologies, data and patentable inventions
- Modeern computers could not exist without the commercially driven academic and industry relationships which resulted in transfer of technology in transistors and microchips, silicon wafer production and light emitting diodes