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Understanding University Technology Transfer

Federal government agencies provide about $33 billion a year to universities to conduct scientific research. That continuing investment expands human knowledge and helps educate the next generation of science and technology leaders. New discoveries from university research also form the basis for many new products and processes that benefit the nation and its citizens. In fact, in the knowledge economy, technological innovation and the scientific research on which it is based are critical for much of the nation’s productivity growth.

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