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From Science To Business: How Universities Stimulate Innovation

Author

Listed:
  • Prof. A. Bobozhonov,
  • Prof. A.M. Shatre
  • V. Kirilova Vladimirova
  • R.Kh. Karlibaeva

Abstract

The article examines the role of universities as key participants in the innovation ecosystem and their contributionto the formation of the knowledge economy. Special attention is given to the concept of the "triple helix" (university–business–government), which demonstrates the necessity of close interaction between science, entrepreneurship, and thestate for sustainable technological development. The article analyzes the best global practices for the commercializationof research results: the activities of technology transfer offices (TTOs), university incubators and accelerators, the creationof spin-off companies, the establishment of venture funds, and joint corporate laboratories. Examples from MIT, Stanford,and Cambridge are provided, demonstrating the effectiveness of their student startup support programs (MIT Sandbox,Stanford StartX).

Suggested Citation

  • Prof. A. Bobozhonov, & Prof. A.M. Shatre & V. Kirilova Vladimirova & R.Kh. Karlibaeva, 2025. "From Science To Business: How Universities Stimulate Innovation," GREEN ECONOMY AND DEVELOPMENT, "Ma'rifat-Print-Media" LLC, Tashkent State University of Economics, vol. 3, October.
    • Handle: RePEc:teu:ged000:v:3:y:2025:id:7628
    DOI: 10.5281/zenodo.17544009
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