Dakota State University and SDSU partner on intellectual property management and evaluation
Officials at Dakota State University, in Madison, S.D., and South Dakota State University, in Brookings, S.D., have signed a memorandum of understanding regarding cooperative management and evaluation of intellectual property developed by university faculty and staff.
The universities aspire to create intellectual property, which has potential commercial value for statewide economic development, and wish to work together to provide best-in-class services to faculty, staff and stakeholders.
"The MOU signifies DSU’s and SDSU’s commitment to fostering research-based economic development in South Dakota,” stated Dr. Omar El-Gayar, dean of Graduate Studies and Research, and associate professor of Information Systems at DSU. “It is also another milestone in the institutions' ongoing collaborative relationship to support the state’s economy and the people of South Dakota.”
The MOUs took effect April 17 and DSU and SDSU are already working in collaboration on projects for protection and commercialization of DSU-created intellectual property. DSU and SDSU will continue to collaborate on science- and technology-based economic development by protecting, transferring and commercializing research-derived intellectual property. This will include facilitating partnerships with industry, building a new foundation for the creation of new jobs, and through the formation of new technology-based business. They will also establish a diversified economic base to create a globally competitive economy in S.D.
The MOUs are part of the goal of “2020 Vision: The South Dakota Science and Innovation Strategy,” which is to build science and technology capacity in S.D. that will promote innovation, foster knowledge-based companies, generate higher-wage jobs and build the capacity to sustain the prosperity they create.