By mobilizing knowledge and licensing discoveries, the innovative output of U of L researchers can significantly impact local, national and global populations in many ways.
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Academic impacts, stemming from the completion of the innovation cycle through the attraction of industry partners that may: provide funding for further research at U of L, supply interesting and relevant research problems to U of L researchers collaborate and allow access to interesting datasets. Such activities providing opportunities for the generation of academic papers and the training of students with industry relevant skills.
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Societal impacts may include human and animal health, environmental or sustainability benefits, and improved working or social activities.
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Economic impacts include employment, investment and income for a region.
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Financial impacts include returns to the inventors and U of L from the licensing deals surrounding the commercialization of a technology.
Achieving these impacts can occur by following different pathways to advance discoveries, and may involve the well-established licensing process or newer forms of knowledge mobilization.
Phase I: Research Phase II: Assessment Phase III: Development & Marketing