Why Don't Universities Start Their Own Companies? Exploring the Reasons

There are several reasons why the management of universities may not set up their own company and register patents:

1. Universities are non-profit institutions: Universities operate on the principle of providing education and research for the public good. Their main goal is not to make a profit, but to educate and generate knowledge.

2. Conflict of interest: If the management of universities were to set up their own company, it could create a conflict of interest. The university management may prioritize their own company's interests over that of the university.

3. Lack of expertise: While universities may teach engineering and corporate strategy, this does not necessarily mean that the management has the necessary expertise to run a successful business.

4. Limited resources: Universities may not have the financial resources and infrastructure to set up and run a successful business.

5. Ethical considerations: Universities have a responsibility to maintain ethical standards in their research and teaching. If the management were to set up a company and use university resources for their own benefit, it could raise ethical concerns.