Industrial research sponsor, goals

The goal of the university researcher will be to acquire new knowledge, obtain funding for laboratory research and secure material for publication. The profit motive and the development and acquisition of exclusive rights in new products and processes are usually the objectives of an industrial research sponsor or licensor. 

Industrial research contracts usually requires immediately applicable results rather than long-term goals. It is important that industries should be persuaded to sponsor future-oriented projects as well as the short-term projects. 

In 1994, the American Chemical Society sponsored a project called "Foundations for Excellence in the Chemical Process Industries."The goal of the project was to develop voluntary industry standards for chemical process industry technical workers (laboratory and process technicians). The ACS has been supported in this research by a wide array of community, industrial, and educational institutions. The standards developed under this project were designed to assist educators in curriculum development, instructional strategies, and chemical and process technology program design. 

---