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"Only Connect": Academic-Business Research Collaborations and the Formation of Ecologies of Innovation

Author

Listed:
  • Paul David

    () (Department of Economics, Stanford University)

  • J. Stanley Metcalfe

    (Manchester Institute of Innovation Research, University of Manchester)

Abstract

Public and private policy for the European Research Area has an important role to play in fostering and maintaining the richness and diversity of this region’s “innovation ecology”, especially with respect to the formation and reconfiguration of information connections. But some of the main institutional innovations promoted with a view to enhancing the exploitation of university research do not seem to be the most beneficial ways of ensuring that knowledge is translated into greater economic wealth. It is not sensible for policy-makers to try to overcome the barriers to connecting publicly funded research conducted in the universities with commercially-oriented R&D and innovation. Adding to the existing pressures on academia to take on new and different missions, for which their historical evolution and specialized characteristics have not equipped them, runs the risk of damaging their ability to fulfill critical functions that no other organizations are prepared to perform with comparable effectiveness. Vigorous pursuit of that strategy would jeopardize exploratory research—a function that must be fulfilled by some institution if long-run productivity growth is to be sustained.

Suggested Citation

  • Paul David & J. Stanley Metcalfe, 2008. ""Only Connect": Academic-Business Research Collaborations and the Formation of Ecologies of Innovation," Discussion Papers 07-033, Stanford Institute for Economic Policy Research.
  • Handle: RePEc:sip:dpaper:07-033
    as

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    File URL: http://www-siepr.stanford.edu/repec/sip/07-033.pdf
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    References listed on IDEAS

    as
    1. Mowery, David C. & Nelson, Richard R. & Sampat, Bhaven N. & Ziedonis, Arvids A., 2001. "The growth of patenting and licensing by U.S. universities: an assessment of the effects of the Bayh-Dole act of 1980," Research Policy, Elsevier, vol. 30(1), pages 99-119, January.
    2. Robert Cook-Deegan, 2007. "The science commons in health research: structure, function, and value," The Journal of Technology Transfer, Springer, vol. 32(3), pages 131-131, June.
    3. Finn Valentin & Rasmus Jensen, 2007. "Effects on academia-industry collaboration of extending university property rights," The Journal of Technology Transfer, Springer, vol. 32(3), pages 251-276, June.
    4. Robert Cook-Deegan, 2007. "The science commons in health research: structure, function, and value," The Journal of Technology Transfer, Springer, vol. 32(3), pages 133-156, June.
    5. David C. Mowery & Bhaven N. Sampat, 2005. "The Bayh-Dole Act of 1980 and University--Industry Technology Transfer: A Model for Other OECD Governments?," The Journal of Technology Transfer, Springer, vol. 30(2_2), pages 115-127, January.
    6. Nelson, Richard R., 2004. "The market economy, and the scientific commons," Research Policy, Elsevier, vol. 33(3), pages 455-471, April.
    7. Balconi, Margherita & Breschi, Stefano & Lissoni, Francesco, 2004. "Networks of inventors and the role of academia: an exploration of Italian patent data," Research Policy, Elsevier, vol. 33(1), pages 127-145, January.
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    Citations

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    Cited by:

    1. Dominique Foray, 2012. "The Fragility of Experiential Knowledge," Chapters,in: Handbook of Knowledge and Economics, chapter 12 Edward Elgar Publishing.

    More about this item

    Keywords

    innovation; economic growth; research institutions;

    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
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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