Research Partnerships
Increasing public-private collaboration on university-based research
University-based research attracts high-tech business enterprises, leverages federal and private grant dollars, helps recruit and retain top faculty, and creates outstanding educational opportunities for students. Public-private partnerships that facilitate research and development programs often produce other tangible benefits, from creating clusters of industry-specific development to turning new discoveries into commercially viable products and processes.
Studies of Virginia’s leading research universities and others around the country have documented the strong economic return from state investments in research programs. Virginia needs a clear and sustainable policy that provides tangible incentives for increased public-private collaboration on research, especially in areas on which federal and private entities are investing heavily, such as “green” technology, clean alternative energy, and advanced healthcare.
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