RESEARCH INSTITUTES HAVE BECOME INDUSTRY PARTNERS

Research Technology Management | July 1, 2007| | Copyright

These institutes have evolved into competitive players in the market for technical solutions to industrial problems.

OVERVIEW: Industrial research institutes used to be government-financed organizations with mandates to advance industrial technology and improve economic competitiveness. Good R&D people were assembled and expected to contribute to the welfare of industry and society without having any clear link to business needs and strategy. Today, institutes have evolved into market-driven hybrids paid for value delivered to industry while still receiving a portion of their funding from ...

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