Commercialising university research: a good but costly move

Tim Mazzarol writes in The Conversation (25.8.14) about the need to engage universities in the early stages of the commercialisation processes to create a more beneficial and closer relationship between the academy and industry in Australia.

‘Industry Minister Ian Macfarlane this month suggested that the funding of research grants to universities should be decided on the basis of the number of patents generated rather than the number of academic papers published. He said this was something other countries were already doing, and he was more interested in producing jobs than producing papers.

‘His comments were quickly condemned by many within the university sector who argued that trying to tie research funding to the production of patents was risking harm to fundamental and theoretical research. While this could certainly be the case, more could be done to engage universities in the early stages of the commercialisation process. That would create a more beneficial and closer relationship between the academy and industry in Australia.’

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