Technology Commercialization Russian Challenges, American Lessons (1998) / Chapter Skim
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Research, Technology Development, and Commercialization
Research, Technology Development, and Commercialization
Pages 33-40
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From page 33... ...
research institutions to develop innovative strategies for obtaining long-term program funding. The crisis was precipitated by an impasse in Congress over how to achieve a balanced budget.
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From page 34... ...
It may be determined that questionable activities are not subject to unrelated business income tax; even if they are taxable activities, the revenue may be offset by associated expenses. State income taxes, intangible taxes, real property taxes, and sales taxes are governed by the state; and in North Carolina, these not-for-prof~t organizations are exempt from all such taxes.
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From page 35... ...
However, the projected decline in federal funding forced RTI to create a new vision and redefine its strategic objectives as well as re-evaluate its markets in light of its capabilities and resources. Market shares were reviewed by government (department by department)
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INTELLECTUAL PROPERTY AND COMMERCIALIZATION Unlike most nonprofit research institutions, which typically receive 70 to 85 percent of their funding from the federal government, RTI is 100 percent selfsupporting and currently operates with an annual research budget of about $150 million. It is an example of a not-for-profit entity that must make a "profit" to survive.
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From page 37... ...
As Figure 1 illustrates, government funding for technology development peaks at the research stage, whereas private sector spending is greatest at the commercialization stage. Most research and academic institutions in the United States have become increasingly aware of the potential rewards associated with commercializing their intellectual property.
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Patent royalties, equity positions in spin-off companies, and technology licensing agreements can fill the gap between these funding sources. Unlike universities, which traditionally concentrated their research activities on basic or fundamental research, independent research institutions generally have focused on applied R&D.
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The steps outlined above could improve the competitive posture of any organization. Russian research institutions therefore should give serious consideration to the interrelated issues of strategic planning, management and staff training, and marketing in addition to the issues surrounding taxation and intellectual property rights.
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From page 40... ...
The university's Entrepreneurship Center offered to help these companies identify new business opportunities, diversify existing business bases, and facilitate the transition of products and services from defense customers into civilian goverurnent, commercial, and foreign markets. CLOSING REMARKS As an environmental scientist, I must close with a caveat.
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