There are a lot of smart people in universities. Some may even be geniuses. Many of them are certainly good at inventing technologies that will change our lives, the New York Times reports. But for the most part, universities aren’t particularly adept at extracting the full measure of profit from all those innovations. While university technology transfer offices routinely license the intellectual property developed on campus, the schools themselves often aren’t very nimble at retaining large stakes in the start-ups that exploit that property…