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How technology transfer supports the Luxembourgish economy .
(Illustration : Maison Moderne)
One of the key drivers of economic change that is pushing companies to continually innovate is the fast-changing world of Information and Communication Technology. While some very large organisations manage to handle their digital innovation in-house, most have to look for outside help.
Luxembourg businesses in this position have a valuable potential ally in a centre at the University of Luxembourg. The
Interdisciplinary Centre for Security, Reliability and Trust
(SnT) has a mission to transfer technology to public or private actors in the Luxembourg economy. As part of their
Federal Education Minister Alan Tudge’s push for better engagement between universities and industry signals renewed ambition and dynamism among higher education policymakers. Research commercialisation is being pitched as the way to rejuvenate a higher education sector plunged into crisis by the COVID-19 pandemic. Government has a crucial role to play in this process, and we have identified three specific steps it can take to help Australia catch up with the world’s best.
Australia’s public universities are world-class research bodies. But, unlike many universities in places like Europe and the United States, they are not good at building on that research for commercial returns. Australia’s level of research commercialisation is one of the worst in the developed world.