TECHNOLOGY INSOURCING IN A UNIVERSITY SETTING

Abstract

Traditional models of university technology transfer focus on
transferring faculty-developed technology from within the university to
outside corporations. We propose a novel insourcing paradigm whereby
universities bring outside companies into a university setting in exchange for 
research funding, equipment purchases and faculty consulting fees. 
Universities hold excess capacity in the form of faculty consulting 
bandwidth. This faculty consulting can be hugely valuable to private
technology companies. In return, these companies supply the university with 
a variety of value in the form of physical and intellectual capital as well as a
variety of opportunities for students.