Information For  * Students & Families * Pre-K - 16 * Policymakers * Colleges & Universities * Media Representatives * Business Stakeholders * Board of Regents
Print Print Bookmark Bookmark Search Search

Benefits for Businesses and Communities

How does the university research benefit businesses?

  • Innovations developed through research produce new businesses that use and further develop state-of-the-art products and processes.
  • Businesses that use new techniques and innovations developed through research often increase their profits.
  • All businesses must make use of new ideas and innovations developed through research if they want to stay viable and profitable.

How does the university research benefit society?

  • Innovations brought about through research produce better products.
  • Since businesses that want to stay profitable have to keep up with new knowledge, and all viable businesses have to compete, the result for society and consumers is lower prices.
  • People living in an educated society enjoy the prestige of living in a nation in which research has brought advances in the quality of life.