Posted by: tristar3research | February 2, 2009

Tapping the Riches of Science

The question of what role, if any, university-based scientific research should play in economic development has been debated at length, long before the passing of the Bayh-Dole Act in 1980. Given the current economic challenges and funding shortages faced by most institutions, and having been the recipient of extensive state and federal support, universities are under increased pressure to maximize their economic contributions to society. In their new book, Tapping the Riches of Science: Universities and the Promise of Economic Growth authors Roger Geiger and Sa Creso present a comprehensive and balanced overview of this issue. They convincingly demonstrate that universities should have a “fourth mission fourth mission” — beyond the  ( ) traditional three missions of teaching, research, and outreach — which is to create economic relevance for the communities they serve.  Based on late January House Appropriations funding reviews, the Obama Administration may indeed be increasing funding for the scientific agencies in the stimulus package.

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