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Identifying, explaining and improving the effects of academic R&D: The case of nanotechnology in Sweden

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  • Eugenia Perez Vico
  • Staffan Jacobsson

Abstract

It is commonly believed that the academic sector does not generate enough value for society. This value is often measured in terms of new firms, patents and products, leading to policy responses which aim to enhance 'commercialisation' by academics. However, others maintain that academic research generates benefits in many ways, some of which are difficult to measure, and that policy must look beyond the academic sector to find ways of improving the impact of academic R&D. Applying a new version of the 'technological innovation system' framework to nanotechnology in Sweden, we find a rich pattern of impact, including substantial 'commercialisation'. However, the effect of academic activities is constrained by factors exogenous to academia, in particular a lack of knowledge about environmental and health risks, institutional and market uncertainties, poorly coordinated policies and insufficient access to innovation-related capital. Policy-makers seeking to improve the impact of academic R&D should help to resolve these issues. Copyright The Author 2012. Published by Oxford University Press. All rights reserved. For Permissions, please email: journals.permissions@oup.com, Oxford University Press.

Suggested Citation

  • Eugenia Perez Vico & Staffan Jacobsson, 2012. "Identifying, explaining and improving the effects of academic R&D: The case of nanotechnology in Sweden," Science and Public Policy, Oxford University Press, vol. 39(4), pages 513-529, May.
    • Handle: RePEc:oup:scippl:v:39:y:2012:i:4:p:513-529
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    File URL: http://hdl.handle.net/10.1093/scipol/scs037
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    Cited by:

    1. Lee, Seung-Hyun & Peng, Mike W. & Song, Sangcheol, 2013. "Governments, entrepreneurs, and positive externalities: A real options perspective," European Management Journal, Elsevier, vol. 31(4), pages 333-347.
    2. Cristina Caterina Amitrano & Marco Tregua & Tiziana Russo Spena & Francesco Bifulco, 2018. "On Technology in Innovation Systems and Innovation-Ecosystem Perspectives: A Cross-Linking Analysis," Sustainability, MDPI, vol. 10(10), pages 1-15, October.
    3. Yuan, Xiaodong & Li, Xiaotao, 2021. "Mapping the technology diffusion of battery electric vehicle based on patent analysis: A perspective of global innovation systems," Energy, Elsevier, vol. 222(C).
    4. Haddad, Carolina R. & Bergek, Anna, 2023. "Towards an integrated framework for evaluating transformative innovation policy," Research Policy, Elsevier, vol. 52(2).

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