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University Spin-offs—From the Perspective of Wealth Creation and Research Funding
LUO Rui
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DOI:10.17265/1539-8080/2016.09.008
Zhoukou Normal University, Zhoukou, China
University spin-offs not only create huge wealth for university and promote economic growth, but also fulfill the university’s mission better, promote the transfer of university knowledge and technology, and advance the university researchers’ scientific and technological research motivition. They can fund for universities’ scientific research projects and promote the technology transfer from universities to society, so as to enhance national competitiveness. Meanwhile, university spin-offs can provide employment for the high-tech talents, prevent the loss and waste of talents, generate local taxes and promote economic and social development. Thus, university spin-off companies have become a widespread practice in research universities and become wealth creators and research funders. University spin-offs enable universities to better fulfill their missions on the scientific research, talents cultivation, and social services.
university spin-offs, wealth, research, perspective
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