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Impediments to Tech Transfer—and Solutions

The Impediments Universities, federal labs and research institutes do not have adequate incentives to commercialize ideas. These “idea factories” have an incentive to charge large, up-front royalties rather than accept shares in successful start-ups that may not yield gains for several years. Ph.D. inventors inside these idea factories do not have enough personal connections with business-minded people with MBAs. Tech ...

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States That Get it Right

While the nation-state is far from dead, more and more regions are feeling encumbered—if not suffocated—by centralized control. A large body of empirical research has examined the relationship between the size of government and economic outcomes; and based on that research, the U.S. has much room to scale back.

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