Universities need to recognise business potential

UK universities pursue open access and free intellectual property schemes without considering the potential economic benefits of the research, writes Stephen Caddick, vice-provost of University College London Enterprise, in the Guardian.

“Recognising the value to business of access to our research first is a no brainer,” he says. Despite this, he argues, universities don’t use the data, knowledge and IP generated by their researchers to their “competitive advantage”—if they did, he says, it would be an economic game-changer.