Resumen
Cutbacks in federal funding of non defense research have been commonplace in recent years. Still, any supporter of academic research would be disheartened to learn of the additional 25% deduction likely by 2002. Faced with this economic fact of life, many universities will have to make some hard decisions. The most obvious option is simply to cut back in their research efforts. But for those with a proud heritage of innovation this would be extremely difficult. There is a means of coping with the funding problem. But it would require nothing less than a 180 degree shift in the approach taken by most universities to research projects. Some approaches are suggested that university can do to derive revenues form its patents. Some of ways are: to work with venture capitalists. The bread and butter of capitalists is new technology. If a university patent appears to hold promise, it's possible a venture capitalist would either find a way to use the technology in one of his portfolio companies, or even create a company to commercialize the invention involved.