How to Improve Academy-Industry Knowledge Exchange

A very, very small percentage of basic research is commercialized and there may be as few as one near-term commercialization for every $10 million invested in fundamental research. While some presidential candidates wants to declare war on diabetes, cancer, heart disease, and Alzheimer’s disease as a way to address potential Medicare funding shortfalls, they are not taking into consideration that we have tried that before with the war on cancer, that basic scientific discoveries frequently are not correlated with advances in technology (in fact, it might be the other way around) or innovation, and that the way basic research universities commercialize technologies is broken.  – See more at: