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Reducing the Time from Basic Research to Innovation in the Chemical Sciences A Workshop Report to the Chemical Sciences Roundtable (2003) / Chapter Skim
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Pages 1-6

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From page 1...
... More specifically, speakers identified teamwork, commitment, standardized portfolio management, clear goals, well-defined milestones, and effective technology transfer as some of the characteristics of innovative institutions and practices. Successful approaches to innovation have taken place in different environments and between different environments despite infrastructure and cultural differences, both interdisciplinary collaborations and collaborations between industry and academia have proven beneficial for all parties.
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From page 2...
... Allen Clamen, retired from ExxonMobil, discussed ExxonMobil's business practices stemming from the belief that a structured innovation program, including a well-organized business portfolio management process, increases the effectiveness of innovation. Rapid innovation requires a corporate commitment to innovation, a culture that encourages risk taking, trained program managers, and a strong link to the market.
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From page 3...
... Such collaborations are useful to corporate objectives because they evolve new knowledge and concepts, provide different perspectives on current research, and help accelerate corporate R&D. Via noted that most of industry's external collaborations focus on the upstream discovery stage, although many examples exist in which universities and national laboratories take part in later-stage development.
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From page 4...
... Such interactions present equally compelling benefits to the university; these include the capture of economic value, an environment attractive to young faculty, and contributions to the economic viability of the local community. Despite mutual benefits, Pickar noted, "the process of technology commercialization from university research is still characterized in most universities by misunderstanding, dysfunction, and lost opportunities.
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From page 5...
... Koehn then discussed the idea of intramural funding, which he described as "monies mobilized, identified, and deployed by an institution for a specific purpose." He offered examples of intramural funding projects on the university level and methods to make these projects more lucrative. Koehn believes that closer tracking of technology transfer will increase the commercialization of products.
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Key Terms

  • portfolio management
  • chemical sciences
  • morning session
  • cycle time
  • intermediate phase

  • business strategy
  • product targets
  • computer program
  • product formulation
  • external collaborations

  • venkat venkatasubramanian
  • technology research
  • allen clamen
  • process development
  • unproven markets

  • achieve management
  • extraordinary commercial
  • six sigma
  • reduced cycle
  • standardized portfolio

  • science base
  • solve national
  • models constructed
  • considered vital
  • funding projects

  • management process
  • organizational principle
  • resources international
  • supporting science
  • holding six


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