Investments in education and research are crucial to creating new technology and jobs, according to President Obama in his State of the Union Address to Congress yesterday. He said that the United States is home to the world’s best colleges and universities, many of them innovators of the biomedical research technology, information technology, and clean energy technology that drives our free enterprise system.
“Economic Crises? Technology Transfer to the Rescue” describes how tax-exempt organizations can engage in the transfer of technology developed at colleges and universities to help create new industries or revitalize existing industries to develop job opportunities to keep the United States competitive in the world economy.
This article was co-authored by Milton Cerny and Kelly Hellmuth and originally appeared in the Taxation of Exempts journal.