From curiosity to wealth creation : How university research can boost economic growth

University research, however, is the source of the basic building blocks of many of the core sectors of the economy, in everything from information technology to pharmaceuticals to much more. [...] University research was also the source is research and development (R&D), most of of almost all the basic building blocks of our which takes place in the private sector of the information age, from the basic architecture of economy. [...] According to the Council of Canadian Academies (2012), Canadian universities as a whole rank 6th in the world in terms of the quality of their research, as measured by average research citations; and according to a survey that the Council conducted among over 5,000 leading international scientists, the quality of Canada’s science and technology sectors ranks 4th in the world. [...] This generally works on the one hand, and the abstract knowledge that well for society in the case where the output is a constitutes the non-rival aspect of the idea, on rival good, and it is appropriate for each user to pay the other. [...] So, a patent rewards the inventor of the for the right to use the good.9 But in the case of a better machine with an exclusive production right, non-rival good, once the good has been produced it for a limited period of time, which enables the costs society nothing to allow the good to be used inventor to become a temporary monopolist or to over and over by any number of people, so efficient sell