America’s university system is the envy of the world, and a major reason for this is that this higher education system is crucial to our innovative capacity. So in today’s episode, Korok Ray explains how universities promote innovation and, more importantly, what they can do to boost their contribution to the US economy even further.

Korok is an associate professor at the Mays Business School of Texas A&M University, and he is the director of the Mays Innovation Research Center. He is also the author of the recent National Affairs article, “The Innovative University.”