Research universities have been and will continue to be the breeding ground for the nurturing of scientific knowledge. Making the jump from raw research to commercial application is a trend that will continue to grow at an exponential rate, given the increase in academic grants awarded, licenses agreed and start-ups created.
‘Concept to commercialisation’ is not without its challenges, especially when applied to the pharmaceutical sector. The path from concept to commercialisation in pharma is rarely a case of quick commercial success. There will always be additional factors, funding, competition, regulations, need and demand that may complicate the path to quick commercial success.
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On average 577 grants were awarded to American universities in 2012-2016. This suggests that the funding for initial concepts is present in the US, with grants amounting to $1.448 billion. The graph also suggests that strategic alliances and startups are developed due to the ongoing need develop elementary ideas and make them suitable for a commercial platform.
Funding for university research should first and foremost be considered as essential investment into the pharma sector.
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