Helping Iowa and Iowans become their best | ||
Technologies"The second part of our activities that strengthen Iowa's economy is to maintain world-class research programs in areas that are important to Iowa's economy. These world-class research programs promote economic development in several ways." -- Iowa State President Gregory Geoffroy
First, spin-off companies are started by faculty and students working in those areas, using the intellectual property developed in those programs. Second, other companies want to locate near the university where the experts are located, and where the graduates with the expertise that they need and want to hire are being produced. And third, the knowledge that is accumulated and advanced in our world-class programs can strengthen our state's vitality by being shared broadly across the state where needed." Fact: Iowa State faculty set a record of sponsored funding with $287 million last year, much of which goes directly or indirectly into the local economy in the form of jobs and services. |
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