Sweden to help universities commercialize innovations

Sweden to help universities commercialize innovations
Several colleges and universities in Sweden are to receive money to set up offices of innovation which will help researchers turn their discoveries into commercial enterprises.

The initiative will help researchers apply for patents and licences, promises higher education and research minister Lars Leijonborg, along with enterprise minister Maud Olofsson, in an article in the Svenska Dagbladet (SvD) newspaper.

“[Research] institutes play an important role as a link between research at academic institutions and companies. By increasing resources and strengthening organizations, we’re creating the conditions for internationally competitive institutes in Sweden,” write the two ministers.

In the article, the pair preview some of the programmes to be included in the government’s new research bill, set to be presented on Thursday.

The goal of the new bill is “to strenghthen Sweden’s position as a research nation and in so doing strengthen competitiveness in a globalized world in order to contribute to increasing Sweden’s economic growth”.

Sweden will be better at commercializing innovations, which will in turn create more jobs, according to Olofsson and Leijonborg.

Access to venture capital will increase, and legislation governing institutes of higher education will be changed to increase demands on schools to work together with the business community and society.