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Mind Into Matter: ARCH Transforms Science Into Sustainable Enterprise
Mind Into Matter ARCH Transforms Science Into Sustainable Enterprise Author:Steve Lazarus; Udayan Gupta In 1986, the trustees of the University of Chicago created a unique organization. They called it ARCH because it was designed to service the Argonne National Laboratory as well as the University of Chicago. Its mission was to take title to the discoveries and inventions occurring at the two institutions, largely financed with public funds, and... more » transform them into sustainable enterprises. During the next twenty years ARCH spun out of the University, established a national presence, started well over 100 companies, and raised over one billion dollars in venture capital. Along the way it developed a model for technology transfer from universities and government and corporate laboratories that has proven unusually successful. What are the approaches and elements involved in bridging the gap between academic research and entrepreneurial commercial success? How important is this process to insure that the benefits of the nation?s enormous investment in research reach and contribute to the national economy? MIND into MATTER explores the history of transferring ideas from university research labs to the marketplace, and describes one organization?s twenty year effort at dealing with the issues arising from this powerful collision of the public and private sectors.« less