Innovation Fatigue in University-Industry RelationshipsBy
One of the nine major innovation fatigue factors that we address in our book is the problem of effective university-industry relationships. I’ve been on both sides and understand some of the frustrations and barriers to innovation success in these relationships. This was a topic I addressed in a couple recent presentations, one in Singapore at the kind invitation of leaders in A*STAR who had me speak during their Innovation and Enterprise Week in October. The other presentation was given at the AIChE (Amer. Inst. of Chemical Engineers) Annual Meeting in Nashville, Nov. 2009. A subset of the material is presented in a twenty-minute overview, “Conquering Innovation Fatigue in University-Industry Relationships,” using the Pixetell screen recording service. The short URL is http://tinyurl.com/jlpres2.
Inventors in universities sometimes face disappointment in seeing their work get into the marketplace or implemented by industrial partners. Several innovation fatigue factors, discussed in detail in Conquering Innovation Fatigue, need to be understood to realize success in working with corporations. Corporate personnel also need to understand the pressures and expectations of universities when it comes to successful open innovation. Sticking points such as IP rights can be handled fairly if you know what you’re doing and pick your partners carefully. UC Berkely, for example, is a great example of a university finding ways to be a great partner for successful collaboration with industry.