Industry Partnerships and Innovation

The impact of research is measured in many ways, including economic impact. According to an Economic Impact Analysis released in fall 2020, Indiana University spent $261.5 million on payroll to support research activities in FY 2018-19, along with $470.9 million in other research spending, for a net total of $464.7 million in added income for the state economy. That's equivalent to supporting 8,777 jobs.

The economic impact of IU research reaches much further, though, through the many important business and industry partnerships that engage with and invest in IU research and its connections to the public domain. IU's Office of Business Partnerships serves as the front door for industry partners seeking to cultivate strategic, collaborative relationships with IU faculty, researchers, and students.

The OBP provides assistance such as a webinar series on leveraging Google, Microsoft, and Amazon cloud platforms to scale up research projects, coffee hours for informal conversation about business partnerships processes, and racial justice partner summits exploring the impact of diversity, equity, and inclusion on business and economic development and the potential for collaborations.