I use this blog to gather information and thoughts about invention and innovation, the subjects I've been teaching at Stanford University Continuing Studies Program since 2005.
The current course is Principles of Invention and Innovation (Summer '17).
Our book "Scalable Innovation" is now available on Amazon http://www.amazon.com/Scalable-Innovation-Inventors-Entrepreneurs-Professionals/dp/1466590971/
Wednesday, March 09, 2011
A glass 5% full
In 2008, US companies spent $2.5 billion out of their total $219.6 billion R&D investment at US colleges, universities, representing 5% of university R&D spending.
Source: Managing University Intellectual Property in the Public Interest (2010), The National Academy of Sciences.
So much for the Open Innovation concept. On the other hand, there's huge total R&D available market that universities or university-affiliated organizations could tap in.