ERIC Number: ED446961
Record Type: RIE
Publication Date: 1998-Aug
Reference Count: N/A
Rose-Hulman Institute of Technology's Technology & Entrepreneurial Development Program.
Farbrother, Barry J.
The era of economic dominance supported by the existence of a large and inexpensive labor pool, and expanding domestic market, and/or exploitation of natural resources is over in the United States. It's time to work smarter, not just work harder. Thus, the economic vitality of any region in a modern economy is dependent on the ability of its institutions to harness innovation and knowledge in order to create wealth for the population of that region. Colleges and universities, while they are one of the major repositories of intellectual capital, have traditionally stayed at "arms length" from the commercial activities of the companies that hire their graduates. It is probably appropriate that there be significant differences in the operating premises and mission philosophies of the two types of organizations. However, corporations and colleges share a mutual interest in the economy. If the future success of the economy is based upon innovation and knowledge, it seems an opportune time for these two types of organizations to become colleagues in an economic partnership that brings together the resources and needs of each for the betterment of both. The general mechanism of the economic partnership between Rose-Hulman Institute of Technology and the corporate sector in Indiana is through Rose-Hulman's Technology and Entrepreneurial Development Program (TED). Business, industry, and government benefit from the creativity, innovation, and technical competence offered by the college community. Faculty and students benefit from the opportunity to work within real world constraints on customer-driven problems. (Author)
Publication Type: Reports - Research; Speeches/Meeting Papers
Education Level: N/A
Authoring Institution: N/A
Note: Paper presented at the International Conference on Engineering Education (Rio de Janeiro, Brazil, August 17-20, 1998).