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New U.S. universities V.C. fund a model for New Zealand?
New U.S. universities V.C. fund a model for New Zealand?
By Peter Kerr for sticK
(sticK - 14 March 2011 ) The roles and abilities of universities to create and maintain start-ups is a challenge all over the world.
New Zealand's no different, and Victoria University's Viclink looks like it is going to get a make over, with its back office infrastructure brought back into the main university.
One main problem is that our universities don't have too much spare cash floating around to invest in new ideas.
One challenge for universities is that while they may be good at inventing technologies, they aren't necessarily that good at extracting the full measure of profit from those innovations. That start-up investment is usually meant to come from venture capitalists - usually with the university diluting its stake in the new business as they decline to participate in the later financing rounds.
For sticK – science, technology, innovation & commercialisation KNOWLEDGE - is a new Wellington based news service concentrating on following the money from ideas to income. Contact editor Peter Kerr at peter.kerr055 @ gmail.com
Peter Kerr
Message maker
Writer, communicator, simplifier, storyteller.
Versed in the art and science of translating something complicated into an understandable message.
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