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Industry Sponsored Research
StFX contributes to economic development and diversification by sharing its research expertise and facilities with industry and government, provided that the work is not undertaken in competition with the private sector and that the university's academic goals are not compromised.
Collaborating with StFX
Industry sponsored research at universities offers opportunities for both researchers and companies. These benefits range from increased publications in scholarly journals, to meaningful education experiences for students, to new and improved products, processes and services all of which result in wealth creation and an improved quality of life for Canadians.
Forming University-Industry Research Relationships
The benefits that accrue to the participants of university-industry research relationships, as well as to society as a whole, are substantive. These benefits range from increased publications in scholarly journals, and meaningful education experiences for students, to new and improved products, processes and services all of which result in wealth creation and an improved quality of life for Canadians. Corporations and universities, however, are not natural partners; their cultures and their missions often differ. The focus of many companies is to make a profit and build value for shareholders by serving customers, whereas universities' missions are to develop and disseminate new knowledge and to educate. The ability of faculty researchers to discuss their work with colleagues and to publish their results is a cornerstone of the academic enterprise and supports the creation of new scientific knowledge. Companies have a fiduciary responsibility to their shareholders to protect the value of their investments, and doing so may require maintaining confidentiality.