Accelerating the Economic Impact of Basic Research

Empirically-driven policy supports new opportunities by shifting research funding, yielding a cascade of breakthroughs and new firms. Universities patent and connect through TLOs to firms, accelerating economic impact. Protected knowledge is more likely shared; patents are often necessary antecedents to commercialization. Co-evolution of articles and patents exemplify accelerating economic impact, joining academe and firms. We identify possible adverse unintended consequences of these policies.