Word: teche
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Still, Monterrey's entrepreneurial spirit may prove critical for the country. It is at the hub of Mexico's most ambitious push to forge government, business and university partnerships that can generate new companies, based not on natural resources but on cutting-edge technologies. The city's "Monterrey Tech"--perhaps Latin America's premier business and engineering school--is a central link in this effort, which is supported by $1 billion of annual federal spending on scientific and technological research and focused on building up Ciudad del Conocimiento (Knowledge City), mandated to germinate new business clusters in biotechnology and information...
...biggest challenge, though, is stimulating the critical creative spark. "We need to change the paradigm of people's thinking," says Antonio Dieck, Tech's business school (EGADE) dean. But for all of Monterrey's impressive start, not all the necessary pieces are yet in place. The venture-capital industry is in its infancy, there is no Mexican NASDAQ (although a draft bill to create one recently surfaced), and minority-shareholder rights need to be strengthened. More important, the Mexican business culture does not carry much appetite for risk in its DNA or an appreciation for failure. As a result...
...first exposure to “tech transfer,” the process of converting research findings into marketable products, came at MIT, where he worked in the lab of chemical and biomedical engineer Robert S. Langer, who himself holds more than 500 issued and pending patents. There, Edwards found that tech transfer could give inventors greater control over how their discoveries affect people...
...Tech transfer can empower you, and it has empowered me a lot,” he says...
...turned their research findings into financial gains—for themselves and for the University. In the past decade, the federal government has issued 396 patents to Harvard, and the University took in $23.4 million in licensing revenues in fiscal year 2004 alone, according the University’s tech transfer office...