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The Role of Open Innovation in Business-University R&D Collaborations

In: Open Innovation through Strategic Alliances

Author

Listed:
  • Ravi Chinta
  • Refik Culpan

Abstract

The role of universities in the development and transmission of new knowledge has been well recognized. Many cutting-edge scientific inquiries and innovations—including stem-cell applications, alternative energies, social networking, and cloud computing—have emerged as a result of university research endeavors that are often conducted in collaborations with businesses. With the widespread adoption of open innovation by business firms, universities have become a hub of new knowledge generation and have been instrumental in the development of new products and technologies.

Suggested Citation

  • Ravi Chinta & Refik Culpan, 2014. "The Role of Open Innovation in Business-University R&D Collaborations," Palgrave Macmillan Books, in: Refik Culpan (ed.), Open Innovation through Strategic Alliances, chapter 0, pages 145-165, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-39450-7_8
    DOI: 10.1057/9781137394507_8
    as

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