Knowledge Transfer and Commercialization
McMaster Innovation Park is a critical asset to the University’s research efforts. We need to ensure that its mandate aligns with and leverages our overall strengths, furthers economic and social development, and increases experiential learning opportunities for our students.
- We will develop space specifically designed for the development and launch of spin-off companies, and setup a process and committee for allocating space on the strength of the potential for commercial success and opportunities for diverse teams of researchers.
- We will develop space for more established firms that relate directly to the University’s research priorities and whose presence will aid the development of spin-offs and further interest in research at the university.
- We will develop specific programs that commit to equity and diversity in entrepreneurship to foster fresh ideas and perspectives that will lead to business success.
- We will ensure that knowledge transfer activities and impacts (e.g., commercialization or public policy improvements) are fully recognized and rewarded in tenure, promotion and annual performance reviews.
- We will establish a network of successful entrepreneurs to facilitate faculty members’ efforts to commercialize their research.
- We will better support effective knowledge and technology transfer between our researchers and their industry, government and community partners.
- As part of our commitment to the long-term sustainability of innovation at McMaster, we will continue to promote an understanding of the critical importance of foundational research to knowledge transfer, commercialization, and development of public policies.