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Entrepreneurial universities

from Forbes

Sept. 8, 2011 issue: Many people do not realize how important a role universities play in creating technology commercialized by the private sector. Every time a football team wins a big game, the players dump Gatorade — a licensed university invention — on the head coach. When we look for information on the Internet, most of us use the Google search engine, which was a university invention. University inventors have created many important drugs and medical treatments. Researchers at Wake Forest University's medical school, for instance, invented the vacuum assisted closure of wounds, which reduced by one-third the time it takes wounds to heal. And researchers at the University of Wisconsin developed the anticoagulant Warfarin. more

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