I believe investing in creating an environment where science and engineering endeavors will flourish will greatly benefit the economy. Some previous posts discussing these ideas include: Great Engineering Schools and Entrepreneurism, Engineering Future Economic Success, Science Research and the Economy and China’s Economic Science Experiment.

Wisconsin’s effort is hardly unique, but I grew up in Madison and my father taught Chemical Engineering, Statistics, and more at the UW so I pay attention to the efforts in Madison. The Wisconsin Alumni Research Foundation has been one of the most successful attempts to take academic work and create successful business efforts to benefit the university, the professors and the economy overall. Their mission: “Moving inventions arising from the university’s laboratories to the marketplace for the benefit of the university, the inventors and society.”

Building Wisconsin’s Economy illustrates how the University of Wisconsin at Madison attempts to focus on creating economic benefit, which I think is a good idea. Economic benefit is not the only purpose, but it is worthy of focus.

Related: Harvard and Edinburgh Life Sciences Centers – China Invests More in Science and Engineering – Universities Focus on Economic Benefits – State Foster Science for Future Jobs – Scientific Innovation and Economic Growth