Accelerating Technology Transfer in Greater Philadelphia

October 1, 2007

Identifying Opportunities to Connect Universities with Industry for Regional Economic Development

Conceived by its Venture Capital Working Group, the CEO Council commissioned the Economy League to analyze the gap between the region’s relatively robust science and technology research and its lagging new private sector development.

Based on a literature review, benchmarking against peer regions, and interviews with stakeholders, the study identifies several strategies for advancing the area’s commercialization potential:

• Foster a culture of entrepreneurship in the region;
• Accelerate connections between researchers and entrepreneurs; and
• Build the talent and capital resources to support research and grow new companies.

The report makes targeted recommendations on the ways in which stakeholders in the private, public/non-profit, and academic sectors can contribute to accelerating technology transfer.

This region has a tremendous opportunity to become an economic leader. It possesses a strong commercialization infrastructure, one of the nation’s largest and richest life sciences industry clusters, and one of the world’s leading collections of colleges and universities.

Read the full report (PDF Format