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Open Innovation, the Haldane Principle and the new Production of Knowledge: Science Policy and University-Industry Links in the UK after the Financial Crisis

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  • Hughes, A.

Abstract

This paper analyses science policy resource allocation in the light of a comparison of the open innovation and Mode 2 new production of knowledge conceptual frameworks. It provides a brief historical review of the evolution of science funding and the application of the Haldane principle in the UK. The core of the paper analyses academic and business attitudes to university-industry links using two recent large scale surveys and argues that there is a largely false dichotomy drawn between applied and basic research. University-industry links are already extensive and encompass a wide range of interactions than those captured by the usual debate over science engineering and narrow conceptions of commercialisation based on patenting and spin-outs.

Suggested Citation

  • Hughes, A., 2011. "Open Innovation, the Haldane Principle and the new Production of Knowledge: Science Policy and University-Industry Links in the UK after the Financial Crisis," Working Papers wp425, Centre for Business Research, University of Cambridge.
    • Handle: RePEc:cbr:cbrwps:wp425
    Note: PRO-1
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    References listed on IDEAS

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    1. Shahid Yusuf & Kaoru Nabeshima, 2007. "How Universities Promote Economic Growth," World Bank Publications, The World Bank, number 6631, July.
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    1. repec:kap:jtecht:v:42:y:2017:i:4:d:10.1007_s10961-016-9521-4 is not listed on IDEAS
    2. Qiantao Zhang & Niall G. MacKenzie & Dylan Jones-Evans & Robert Huggins, 2016. "Leveraging knowledge as a competitive asset? The intensity, performance and structure of universities’ entrepreneurial knowledge exchange activities at a regional level," Small Business Economics, Springer, vol. 47(3), pages 657-675, October.
    3. Hawkins, Richard & Langford, Cooper H. & Saunders, Chad, 2015. "Assessing the practical application of social knowledge: A survey of six leading Canadian Universities," Research Policy, Elsevier, vol. 44(1), pages 83-95.

    More about this item

    Keywords

    Science Policy; Haldane Principle; Open Innovation; University-Industry Links;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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