The importance of colleges and universities for economic development has increased dramatically with the rise of the knowledge economy and the passage of federal legislation allowing government-funded research to be commercialized. Research conducted at universities has more important implications for economic development than ever before as more university-created technologies become new products and processes. Consider the impact of Duke, the University of North Carolina, and North Carolina State University on the Research Triangle and the University of Texas in Austin. Moving knowledge and technologies from Louisiana’s public colleges and universities to the private sector should be the primary goal of all university technology transfer activities. Colleges and universities must make it easy for companies to access the intellectual capital (people), intellectual property (processes and products), and specialized labs and equipment in their institutions.