Create a Science Culture That Rewards Applied Research and Commercialization

Question:How can colleges play a larger role in the innovation ecosystem?
on 09/04/2016

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Applied research and innovation should be equally prestigious and incentivized as fundamental research. The incumbent science culture and granting structures often favour academic outputs such as technical publications. This can reward basic research with low potential for innovation and commercial impact. For applied research to become widely respected, there needs to be a cultural shift and a redirection of incentives to support innovation and commercialization activities that may produce low academic output but provides significant value to the building a nation of innovators.

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