The university and the creative economy

University have largery bought into
this view, both because it makes their
work more economically relevant and
as a way to bolster their budgets. Unfortunately,
not only does this view
oversell the immediately commercial
function of the university; it also misses
the deeper and more fundamental
contributions made by the university
to innovation, the larger economy, and
society as a whole.
This report examines the university’s
role in the Creative Economy through
the lens of the “3T’s” of economic development:
Technology, Talent, and
Tolerance. To do so, it examines a wide
range of data and trends on technology
transfer, startup companies, talent,
brain drain, tolerance, and creativity for
U.S. metro regions.1