New University STEM Facilities Planned with Industry Partnerships in Mind
Universities and businesses have worked together for decades. Today, changes in funding and in STEM career paths have made those partnerships more attractive than ever—so attractive, in fact, that many institutions are planning new spaces specifically for them. With limits on government funding in recent years, and state and local funding stagnant, many institutions are seeing 25 to 30 percent of their research funding coming from outside sources, primarily private industry. That has led to more elaborate and specific consideration of industry partnerships as a part of strategic planning.