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Research Universities in the Framework of Regional Innovation Ecosystem: The Case of Austin, Texas

Author

Listed:
  • John Butler
  • David Gibson

    (IC2 Institute, The University of Texas at Austin)

Abstract

Based on the case of the University of Texas at Austin, the authors provide a model of knowledge-based regional development that enables leadership and international competitiveness. In the framework of this model, University of Texas is regarded as a core of a regional innovation system. In addition to the traditional objectives of performing research and education, universities are increasingly tasked with the third mission of transferring and commercializing university-based R&D to stimulate economic development. While responding to growing industry needs and efficiently interrelating with industries and governments, universities shape a unique entrepreneurial environment that foster development of the regional innovation ecosystem. The university has a direct impact on the regional innovation ecosystem development and is also impacted by feedback loops from the ecosystem. This enables reinforcement of the university’s potential. The case of Austin shows that its successful transformation from a university town to a fast-growing, globally competitive hi-tech hotspot has occurred mainly owing to visionary influencers rather to institutional excellence in science, industry or governance. Their ability to make bold decisions, connect and leverage otherwise unconnected and perhaps competing sectors in the framework of large-scale projects, generate a creative environment for productive partnerships and achieve synergy led to the institutional and organizational change. The model here is based on so-called «Technopolis Wheel» consisting of seven sectors: the research university; large and small entrepreneurial firms; federal, state and local government; and support groups (business associations, chamber of commerce, etc.). The paper characterizes in detail the role of each sector in the transformation of Austin region. Note: Downloadable document is in Russian.

Suggested Citation

  • John Butler & David Gibson, 2013. "Research Universities in the Framework of Regional Innovation Ecosystem: The Case of Austin, Texas," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 7(2), pages 42-57.
    • Handle: RePEc:hig:fsight:v:7:y:2013:i:2:p:42-57
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    File URL: https://foresight-journal.hse.ru/data/2013/06/27/1285997106/5-Gibson-42-57.pdf
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    References listed on IDEAS

    as
    1. McCann, Brian T. & Folta, Timothy B., 2011. "Performance differentials within geographic clusters," Journal of Business Venturing, Elsevier, vol. 26(1), pages 104-123, January.
    2. Smilor, Raymond W. & Gibson, David V. & Kozmetsky, George, 1989. "Creating the technopolis: High-technology development in Austin, Texas," Journal of Business Venturing, Elsevier, vol. 4(1), pages 49-67, January.
    3. Gilbert, Brett Anitra & McDougall, Patricia P. & Audretsch, David B., 2008. "Clusters, knowledge spillovers and new venture performance: An empirical examination," Journal of Business Venturing, Elsevier, vol. 23(4), pages 405-422, July.
    4. Brian Mccann & Timothy Folta, 2011. "Performance differentials within geographic clusters," Post-Print hal-02312592, HAL.
    5. Folta, Timothy B. & Cooper, Arnold C. & Baik, Yoon-suk, 2006. "Geographic cluster size and firm performance," Journal of Business Venturing, Elsevier, vol. 21(2), pages 217-242, March.
    6. Zucker, Lynne G & Darby, Michael R & Armstrong, Jeff, 1998. "Geographically Localized Knowledge: Spillovers or Markets?," Economic Inquiry, Western Economic Association International, vol. 36(1), pages 65-86, January.
    7. Tim Vorley & Jen Nelles, 2008. "(Re)conceptualising the academy: Institutional development of and beyond the third mission," Higher Education Management and Policy, OECD Publishing, vol. 20(3), pages 1-17.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Aivazian, Sergei & Afanasiev, Mikhail & Kudrov, Alexander & Lysenkova, Maria, 2017. "To the question about parameterization of national innovation system," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 45, pages 29-49.
    2. Valery Makarov & Sergey Ayvazyan & Mikhail Afanasyev & Albert Bakhtizin & Ashkhen Nanavyan, 2016. "Modeling the Development of Regional Economy and an Innovation Space Efficiency," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 10(3), pages 76-91.

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    More about this item

    Keywords

    innovation startup; regional innovation system; research university; technology transfer; commercialization; third mission of universities; spin-off;
    All these keywords.

    JEL classification:

    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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