Penn State is behind its peers when it comes to commercializing its research, according to a report to the university’s trustees, but it’s making a push to change that and help more faculty move their research to market.
Andrew Read, Penn State’s senior vice president for research, told a trustees committee Thursday that while Penn State is one of the biggest universities when it comes to doing research, that doesn’t translate to being a leader in moving research to development.
“We are one of the biggest and one of the least successful in tech transfer,” Read said.
Now, the university is hoping to change that, implementing what Read said is a roadmap to “radically improve our performance” in research commercialization. He said one goal is increasing the university’s revenue from research commercialization from $4 million in 2024 to $13 million, which is 1% of its overall research expenditures.
Full story: Penn State makes push to turn more research into real-world technology | WPSU
