The tangible benefits of a research university are extraordinary. When Cornell faculty teach and perform services in the community within their domain of expertise, we immediately connect with the university’s rich values of education and engagement. When Cornell faculty conduct research, and that research materializes into a cure for a disease, a new green product, a better medical tool, a great-tasting nutritious food product, or a faster and more compact mobile device, we connect with the remarkable impact of academic research.
Cornell researchers follow the paths of questions that begin in the laboratory—what if, why, how? When the answers result in discoveries and inventions, many times small businesses bring them to market as products and services. By the time the research leaves the laboratory bench—en route to becoming a product—it has also created an optimal learning experience for many undergraduate and graduate students and postdoctorates as well as some community members. Sometimes these are the people who become the entrepreneurs, along with faculty, forming the small businesses.
Subsequently these companies hire employees—some from Cornell research labs and others from the community and beyond—bring products to fruition, and contribute to the economic development of the region and New York State. This process of technology transfer gives us a deeper appreciation for the many ways in which university research supports our daily lives.
Cornell Research Serves the Region and Beyond: Small Business Development (SBD) brings together the research, the entrepreneurs, the companies, and the products. These nanotechnology, biotechnology, high-tech materials, innovative agriculture, and other small businesses help secure the region’s prosperity.
- The small businesses
- › license Cornell inventions and discoveries
- › are founded within the region by Cornell faculty, staff, students, or alumni
- › use Cornell’s expertise and research facilities, which are beneficial to their success.
With the $974.2 million (FY 2016) in research expenditures and an array of spin-off companies, translating research and technology into products, services, and jobs, Cornell research serves the region, New York State, and the nation.
Emmanuel Giannelis Vice Provost for Research Cornell University