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The division of labour between academia and industry for the generation of radical inventions

Author

Listed:
  • Ugo Rizzo

    (Department of Economics and Management, University of Ferrara, Italy)

  • Nicolò Barbieri

    (Department of Economics and Management, University of Ferrara, Italy)

  • Laura Ramaciotti

    (Department of Economics and Management, University of Ferrara, Italy)

  • Demian Iannantuono

    (Department of Economics, University of Parma, Italy)

Abstract

The paper investigates the relationship between radical technological development and public research. This study draws on the theory of recombinant innovation, and builds on two newly developed indicators of radicalness (Verhoeven et al., 2016) to analyse UK patents filed at the European Patent Office. It assesses whether the proximity of the invention to public research is related to a higher probability of the invention being radical. The results show that, depending on the type of novelty embodied by the radical invention (novelty in recombinant rather than novelty in technological origin), different forms of public research relate to the radicalness of invention in different ways. We found also that these relationships are heterogeneous across technological sectors. Policy implications are derived.

Suggested Citation

  • Ugo Rizzo & Nicolò Barbieri & Laura Ramaciotti & Demian Iannantuono, 2017. "The division of labour between academia and industry for the generation of radical inventions," SEEDS Working Papers 0817, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Nov 2017.
    • Handle: RePEc:srt:wpaper:0817
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    Cited by:

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    4. Gabriele Angori & Chiara Marzocchi & Laura Ramaciotti & Ugo Rizzo, 2024. "A patent-based analysis of the evolution of basic, mission-oriented, and applied research in European universities," The Journal of Technology Transfer, Springer, vol. 49(2), pages 609-641, April.
    5. Crudeli, Luca & Mancinelli, Susanna & Mazzanti, Massimiliano & Pitoro, Raul, 2022. "Beyond individualistic behaviour: Social norms and innovation adoption in rural Mozambique," World Development, Elsevier, vol. 157(C).
    6. Colombo, Massimo G. & Guerini, Massimiliano & Hoisl, Karin & Zeiner, Nico M., 2023. "The dark side of signals: Patents protecting radical inventions and venture capital investments," Research Policy, Elsevier, vol. 52(5).
    7. Jiang, Cuiqing & Zhou, Yiru & Chen, Bo, 2023. "Mining semantic features in patent text for financial distress prediction," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    8. Zhang, Ningning & You, Dingyi & Tang, Le & Wen, Ke, 2023. "Knowledge path dependence, external connection, and radical inventions: Evidence from Chinese Academy of Sciences," Research Policy, Elsevier, vol. 52(4).

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    More about this item

    Keywords

    Radical invention; novelty; patent; recombination; public research;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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