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“Universities, Innovation and the Competitiveness of Local Economies”
July 4, 2007

“Universities, Innovation, and the Competitiveness of Local Economies” Richard K. Lester, Industrial Performance Center, MIT, December 2005 Purpose:  Show how universities can support local economic development through their contributions to local industrial innovation processes.Vigor and dynamism of local economies depends on the ability of local firms to adapt to changing markets and technologies by innovating successfully – continuously introducing commercially viable products, services, and processes.  How do universities contribute to this innovation?  In a variety of ways:• The most important contribution is education • A major focus on tech transfer – patenting and licensing their intellectual property to local firms• Help attract new human, knowledge, and financial resources from … » More …