Academic surgeons should be aware of the tremendous potential that exists t
o partner with private companies on projects relating either to basic or cl
inical research. This is particularly timely now because many of these comp
anies are experiencing unprecedented growth and market valuation. The devel
opment of these relationships requires knowing who to deal with as well as
how to negotiate. Most academic medical centers have individuals who have e
xpertise in developing sponsored research agreements, and young investigato
rs should take advantage of this expertise.