Working with Industry
MCW is interested in fostering the spirit of innovation and entrepreneurship among MCW faculty and engaging the broader business community. Although industry has long funded academic laboratories, typically, the two entities have stayed at arm’s length, perhaps due to their disparate goals – profits for the former and the pursuit of knowledge for the latter. Today more than in times past, however, there is a shift in this paradigm, with companies looking to ensure that relationships further the goal of research validation and exploitation and academia being more receptive to opening its doors to diversify funding sources and gain access to new technology. This willingness has resulted in the forging of a new kind of industry-academia alliances that connect researchers from both sides of the fence where the research projects are often jointly designed, executed, published, and patented. The bottom line – to accelerate the translation of basic research to targets and ultimately into products for the better medicines, devices and methods.