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UNDERSTANDING RELATIONSHIPS BETWEEN UNIVERSITIES AND SMEs IN EMERGING HIGH TECHNOLOGY INDUSTRIES: THE CASE OF OPTO-ELECTRONICS

In: Promoting Innovation in New Ventures and Small- and Medium-Sized Enterprises

Author

Listed:
  • Chris Hendry
  • James Brown
  • Robert Defillippi

Abstract

It has long been recognised that the innovative and entrepreneurial capabilities of the small medium-sized enterprise (SME) sector can make an important contribution to the commercialisation of emerging technologies. In their role as centres of expertise and originators of new technical knowledge, universities are vital contributors to this process. Understanding the nature of relationships between universities and SMEs is therefore important, particularly in view of the fact that current theories on regional development suggest that concentrations of SMEs in certain regions, clustered around one or more university centres, can be effective locations for accelerating this process. As a counter to regional development theory, an alternative viewpoint is that the way emerging industries develop is affected more by the dynamics of industry life-cycles. The opto-electronics sector, which is characterised by regional clusters in the UK and USA, offers lessons for how SMEs and universities interact against a backdrop of these theories.

Suggested Citation

  • Chris Hendry & James Brown & Robert Defillippi, 2017. "UNDERSTANDING RELATIONSHIPS BETWEEN UNIVERSITIES AND SMEs IN EMERGING HIGH TECHNOLOGY INDUSTRIES: THE CASE OF OPTO-ELECTRONICS," World Scientific Book Chapters, in: Joe Tidd (ed.), Promoting Innovation in New Ventures and Small- and Medium-Sized Enterprises, chapter 16, pages 393-417, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781786343482_0016
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    More about this item

    Keywords

    Innovation; Enterprise; SMEs; Small and Medium-Sized Enterprises; SMBs; Small and Medium-Sized Businesses;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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