UNC innovation could boost school, community economics

Presenters shared a variety of ideas on how the university system can help grow the state's economy.

A speaker from IBM explained to the board how the business model for higher education is changing, which includes a deadline of state support across the country.

To help compensate for those changes, speakers shared several strategies, including using research and innovation created at UNC institutions to help economically advance both the schools and the communities.

"In some areas of the state we are the largest employer," said UNC Board of Governor Chairman Louis Bissette Jr. "That in and of itself is an impact. We also are trying to commercialize the products coming out of our research. That was very helpful to hear from IBM because they are doing a tremendous amount for us,"

The Board of Governors will meet again on Friday morning.