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Technology incubators: facilitating technology transfer or creating regional wealth?

Author

Listed:
  • Andrew Maxwell
  • Moren Levesque

Abstract

Universities are increasingly under pressure to commercialise their technological innovation and generate revenues to justify ongoing public investment to support that innovation. Most universities respond to this pressure by focusing on licencing patentable technologies. However, as most licensees operate far from the universities, the local economic impact is reduced. Due to this factor, regional economic development agencies, when looking to extract commercial value from university research, see limited benefit from the licencing of technology patents generated by universities. Instead, they concentrate on promoting new business ventures as a mechanism for regional wealth creation. We propose an expanded model of knowledge transfer from university research that underscores the importance of creating new ventures and demonstrates how university-based incubators can catalyse knowledge extraction and, as a result, align the goals of regional economic development agencies and universities.

Suggested Citation

  • Andrew Maxwell & Moren Levesque, 2011. "Technology incubators: facilitating technology transfer or creating regional wealth?," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 13(2), pages 122-143.
    • Handle: RePEc:ids:ijeima:v:13:y:2011:i:2:p:122-143
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    Citations

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    Cited by:

    1. Aerts, Geoffrey & Cauwelier, Kathleen & Pape, Sam de & Jacobs, Sophie & Vanhondeghem, Seppe, 2022. "An inside-out perspective on stakeholder management in university technology transfer offices," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    2. Hezam Haidar & Karine Evrard Samuel & Jean-François Boujut, 2019. "Influential factors of initiating open innovation collaboration between universities and SMEs: Systematic Literature Review," Post-Print hal-02184337, HAL.
    3. Hülya Ünlü & Serdal Temel & Kristel Miller, 2023. "Understanding the drivers of patent performance of University Science Parks in Turkey," The Journal of Technology Transfer, Springer, vol. 48(3), pages 842-872, June.

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