Open Innovation Speaker - Henry Chesbrough

"Industry-University Research Relationships: The Promise, the Tensions, and Why Weve Got to Get This Right"
Industry is playing a growing role as a funding source for discovery-oriented research conducted at universities in the US. This growing role offsets to some degree the decline in federal and state support for universities over the past 30 years. But it also raises important questions about the nature of the American public university in the 21st century. Does growing industry funding compromise the academic quality, integrity and freedom of the research university? Can universities remain open institutions in a world where industry funding plays an increasingly important role? And how are universities addressing these issues? This talk will consider these questions, and address them through a recent case study of the BP-UC Berkeley-UC Illinois Energy Biosciences Institute.