Private industry is a source of research funding for faculty from a variety of disciplines.
This month s Faculty Focus offers guidance in getting started. Developing Relationships with Industry More and more, universities and their faculty are turning to private industry for research funding and the development and marketing of products discovered and researched in university laboratories. Private industry offers much needed research funds, realized potential of discoveries, and professional acclaim for researchers. Make sure they are aware of the research opportunities UM has to offer. This means that you must have completed all of the preliminary research before trying to develop a partnership with a company.