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Creating jobs with university-based research parks and incubators

December 9th, 2009

Changes in federal policy can increase the effectiveness of a key national asset in job creation: university-based research parks and technology incubators, according to U.S. Senate testimony today by Brian Darmody, president of the Association of University Research Parks and a University of Maryland associate vice president.

"We can harness our existing research and development infrastructure to create new jobs, new opportunities, and new companies with administrative reforms and relatively modest federal direct investments," Darmody told the Senate Committee on Commerce, Science and Transportation.

In prepared testimony, Darmody recommended a series of actions, including loans, tax-free financing and more flexible government procedures for commercializing technology developed at incubators with federal support.

Source: University of Maryland

Citation: Creating jobs with university-based research parks and incubators (2009, December 9) retrieved 21 August 2026 from https://sciencex.com/wire-news/21833388/creating-jobs-with-university-based-research-parks-and-incubator.html

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