Which of the following is true regarding academic-industry collaborations?
- They cannot happen because of the Bayh-Dole Act of 1980.
- Federal law does not permit an academic institution to own anything that is produced from the collaboration.
- Conflicts of interest are not common in these collaborations.
- The industry sponsor typically owns the data from research that it funds
The correct answer is option 4.
In academic-industry collaborations, the industry sponsor typically owns the data from research that it funds.
When industries or companies decided to support the academy, they invest their resources in conducting research in universities or colleges. Therefore, they own the data from the study that they are funding.
Medicine or technology-based companies, when investing money in conducting research projects in universities they own the results of the research so that they can hold it in the market. Through this way, the industry makes a profit from their investments in the research project by selling the outcomes of the research in the market.
Collaboration with industry is essential for academia to build scientific knowledge and to get industrial data. In turn, “collaboration with universities is crucial for organizations in joint, scientific-based research projects in order to develop solutions for production-sourced problems” (Kaymaz & Eryiğit, 2011).
Coghlan and Coughlan (2008) have identified three particular insights into collaborative research which are:
- Linking theory, practice, and collaboration;
- Capturing differences while sustaining collaboration; and
- Managing quality.
It points toward more complex management. The complexity arises from combining two differently organized systems, and it is dependent on many factors to point towards one methodology.