Higher Ed is playing an increasingly important role in the creation of research and technology for the world’s leading corporations. Research from Fortune 500 companies is making its way from professional researchers to university researchers to a bevy of technology start-up companies – helping to propel the importance of research at universities.
The catalyst for this pop in the number of technology companies funded by the Fortune 500 is a fundamental shift in the makeup of the Fortune 500 itself. Once dominated by giant industrial companies, this list is increasingly populated by tech companies, and the writing is on the wall. Apple, Amazon, AT&T, Verizon, Alphabet (Google), Microsoft, Comcast, Dell, Intel and Cisco Systems all easily made the Fortune 100, and were all among the most profitable as well. So more traditional Fortune 500 companies are beginning to actively seek tech companies, both established and startups, for investment.