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

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  • 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
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    References listed on IDEAS

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    Cited by:

    1. Dominique Foray, 2012. "The Fragility of Experiential Knowledge," Chapters, in: Richard Arena & Agnès Festré & Nathalie Lazaric (ed.), Handbook of Knowledge and Economics, chapter 12, Edward Elgar Publishing.
    2. J. Stanley Metcalfe, 2009. "University and Business Relations: Connecting the Knowledge Economy," Working Papers wp395, Centre for Business Research, University of Cambridge.
    3. Dominique Foray & Martin Woerter, 2021. "The formation of Coasean institutions to provide university knowledge for innovation: a case study and econometric evidence for Switzerland," The Journal of Technology Transfer, Springer, vol. 46(5), pages 1584-1610, October.
    4. Ugo Rizzo & Francesco Nicolli & Laura Ramaciotti, 2014. "The Heterogeneity of the Development Process of New Technology-Based Firms. Implication for Innovation Policies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 5(1), pages 114-132, March.

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    More about this item

    Keywords

    innovation; economic growth; research institutions;
    All these keywords.

    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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