WORLD’S MOST INNOVATIVE COMPANIES 2018 EDUCATION RANK NO.5 Cornell Tech
Cornell Tech
An estimated 40% of PhDs
don’t have jobs lined up by the time they earn their degrees—not even in STEM
fields. A new program called Runway at Cornell Tech’s Manhattan campus, which
bills itself as “part business school, part research institution, part startup
incubator,” is trying to fix that by helping postdocs commercialize their
research. Not only does Runway train researchers to think like scientist-CEOs,
it also entitles postdocs to the intellectual-property rights of their own work
without owing any royalties to Cornell Tech. Taking a page from Y Combinator,
startups that emerge from Runway grant a Simple Agreement for Future Equity, or
“SAFE,” to the university. A core goal is to create a virtuous circle between
research science and real-world innovation that feeds back into New York’s
business community. One indication it might be taking hold? 100% of Runway
grads have headquartered their companies in New York.
https://www.fastcompany.com/company/cornell-tech
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