Understanding Technology Commercialization

 

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
 

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