All of the work we conduct at our college is entirely applied, and as such, the application goes directly back to our industry partners. The application of the research we do is not held by the institution and the individual researchers, and that's one of the value propositions that colleges bring to the table. Because we do not have an interest in holding the IP and the work we do is not investigator-led but industry-led, we are not coming up with problems to be solved because of investigator interest. Rather, an organization comes to us and says, “I have a problem. Please help me solve it.” The nature of that applied research makes the world of difference in our world, and our value proposition that we do not hold the IP is attractive to them. That's one of the issues universities typically face: They want to hold onto a portion of the IP as part of their revenue stream. That's what makes our work very appealing from an applied perspective.
On April 16th, 2024. See this statement in context.