Commercialising University Research: Threats and Opportunities - The Oxford Model

17 Pages Posted: 30 Jan 2013

See all articles by Tim Cook

Tim Cook

Isis Innovation Ltd

Raymond Dwek

Department of Biochemistry, Oxford University

Baruch Blumberg

Fox Chase Cancer Center

Tom Hockaday

Isis Innovation Ltd

Abstract

This paper describes the strategies and tactics that Oxford University has developed over a ten-year period to address the conflicting demands of the traditional university responsibilities of teaching and research, with the so-called third stream needs of more direct economic development.

The approach has been based on a clear policy definition of the ownership of Intellectual Property Rights, and the allocation of university resources to encourage, and support researchers in protecting and commercialising inventions.

The result has been a marked increase in disclosures and successful commercial development, through licences, consultancy and spinout companies, generating returns to the researchers, university and regional economy.

The increasing tide of publications reporting threats to academic freedom from commercialisation and the generation of liabilities and any number of other dangers to universities, have led us to investigate the possibility of balancing the apparently conflicting objectives of maintaining a vibrant, curiosity-led research university whilstwhilst at the same time increasing its contribution to local, and national, economic development.

Comments on this paper can be found at: http://ssrn.com/abstract=2209154

Suggested Citation

Cook, Tim and Dwek, Raymond and Blumberg, Baruch and Hockaday, Tom, Commercialising University Research: Threats and Opportunities - The Oxford Model. Capitalism and Society, Vol. 3, Issue 1, Article 4, 2008, Available at SSRN: https://ssrn.com/abstract=2209145

Tim Cook (Contact Author)

Isis Innovation Ltd

Ewert House
Ewert Pl
Oxford, OX2 7SG
United Kingdom

Raymond Dwek

Department of Biochemistry, Oxford University

Manor Road
Oxford, OX1 3UQ
United Kingdom

Baruch Blumberg

Fox Chase Cancer Center

333 Cottman Ave
Philadelphia, PA 19107
United States

Tom Hockaday

Isis Innovation Ltd

Ewert House
Ewert Pl
Oxford, OX2 7SG
United Kingdom

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