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GIANT UNIVERSITY IP LICENSING REVENUES. "(2012) U.S. universities, hospitals and research institutions... generated a combined $36.8 billion in net product sales from their licensed techologies."" " http://www.innovation-asset.com/intellectual-property-news/index.php/2013/08/13/239578/autm-previews-economic-impact-of-technology-transfer/ View in LinkedIn

TRANSLATIONAL SCIENCE. In grad school, my Professor could not be persuaded to stop accepting small fees from industry, and instead fund his lab by setting up a private company. It was seen as dirty. Five years later, he was on five boards and had got the message loud and clear. Translational medicine is about moving concepts to patients. Translational science is about putting great ideas to work to solve big societal problems. Academic-industry partnerships have time and again spawned new industries, jobs, innovation, and wealth. View in LinkedIn

MIT SPINOFFS -- A POSTER CHILD for massive contribution to society: "It was generally known that research and technology-intensive universities have an important effect on the economy: 25,000+ Active Companies Founded by MIT Alumni and Faculty, 1865–present; data boosts the numbers to 25,800 currently active companies founded by MIT alumni that employ about 3.3 million people and generate annual world revenues of $2 trillion, producing the equivalent of the 11th-largest economy in the world."" " http://museum.mit.edu/150/80 View in LinkedIn

MIT: ACADEMIA-INDUSTRY PARTNERSHIPS, a model example. “The founding principle in 1861, when M.I.T. was created, was to provide and support the industrialization of America. I always say we were founded on the principle of tech transfer,” says Susan Hockfield, who served as M.I.T.’s president from December 2004 until June of this year."" " http://www.nytimes.com/2012/11/25/business/mit-lab-hatches-ideas-and-companies-by-the-dozens.html?pagewanted=2&_r=0 View in LinkedIn

GIANT IP DEAL. "Rockstar spent $4.5bn (£2.8bn) buying thousands of Nortel patents after the telecoms giant went bankrupt in 2009."" " http://lnkd.in/dgSd9px View in LinkedIn

UNIVERSITY TECH TRANSFER income, number of patents, number of agreements for 2012, 2011." " http://lnkd.in/di_BGh9http://lnkd.in/dFMZTSc View in LinkedIn

"CLINICAL BINNING" of patient genomic variant data for the medical staff at UNC-Chapel Hill. "This assigns a clinical relevancy to every one of the variants, allowing clinicians and patients to determine the types of variants they care about. Once variants are binned, we have a web site that delivers the information on the individual to his or her physicians." Processing just 30 genomes a week needs 200-300 terabytes of genomic data on the computer. " " http://lnkd.in/d7mETUu View in LinkedIn

UNIVERSITIES DRIVE THE KNOWLEDGE ECONOMY. A societal commitment to creating and funding excellence in research institutions, cutting-edge science and peer-reviewed publications, and the submission of technology patents is a pre-requisite for an emerging Knowledge Economy. These patents generate licensing revenues for the university and spinout companies. The trickle-down on local economies can at its best generate a Silicon Valley or a Boston. But it takes a significant commitment, expertise, and a realization that the process is very inefficient. View in LinkedIn

CROWDSOURCING SUCCESS STORY. "Medic Mobile, had built an emergency response system after the Haiti earthquake, calling on 2,500 Creole speakers to translate text messages. When the system was overwhelmed..., Nesbit turned to CrowdFlower, which has signed up more than 2 million people to perform micro-tasks, often for pennies a task. The volunteers used CrowdFlower’s website to translate, map, and organize nearly 100,000 messages, imploring rescuers for food, water, and help escaping from fallen buildings."" " http://lnkd.in/dqTPkTN View in LinkedIn

WEARABLE TECHNOLOGY MARKETS are forecast to be significant. "The safety and security sector is one of the main market segments for Wearable Technologies. In particular, the potential demands of this segment include: intelligent armaments and protective suits for laborers, rescue personnel and the military; illuminated clothing and communication and emergency call devices worn on clothing; special solutions for military/special services training and education."" " http://www.wearable-technologies.com/2013/11/new-market-reports-released/ View in LinkedIn