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University of Oklahoma's Center for Creation of Economic Wealth opens new Research Campus location

by Silas Allen Published: March 26, 2013
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Daniel Pullin, OU's vice president for strategic planning and economic development, said the new location also will benefit OU students, who will have a space to work with industry partners and faculty members.

As new technology is developed, Pullin said, it's becoming more common for students to develop marketable inventions of their own, such as smartphone apps. Technology has eliminated steps such as marketing, packaging and shipping that previous generations of entrepreneurs had to contend with, he said, meaning students can develop an app and have it marketed in a matter of weeks.

Creating a space for private industry, government agencies and academia to work together is a powerful economic driver, Pullin said, because each party benefits from the perspective and expertise of the others.