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"Universities can contribute to development in several ways. They can undertake entrepreneurial activities that aim to improve regional or national economic and social performance. They can get involved with their communities, gaining direct knowledge about social needs, some of which could be addressed through R&D activities. They can conduct industrial R&D; create spin-off firms; participate in capital formation projects, such as technology parks and business incubator facilities; introduce entrepreneurial training and internships into their curricula; and encourage students to take research from the university to firms.  Universities need to be transformed to play these roles. Eventually, new institutions need to be created that focus on business incubation and community development." -UN Millennium Project    Task Force on Science, Technology, and Innovation                                                                                                                                       

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Why

  • 1. "Universities can contribute to development in several ways. They can undertake entrepreneurial activities that aim to improve regional or national economic and social performance. They can get involved with their communities, gaining direct knowledge about social needs, some of which could be addressed through R&D activities. They can conduct industrial R&D; create spin-off firms; participate in capital formation projects, such as technology parks and business incubator facilities; introduce entrepreneurial training and internships into their curricula; and encourage students to take research from the university to firms. Universities need to be transformed to play these roles. Eventually, new institutions need to be created that focus on business incubation and community development." -UN Millennium Project   Task Force on Science, Technology, and Innovation