Technology incubators: facilitating technology transfer or creating regional wealth?

Andrew Maxwell and Moren Levesque

International Journal of Entrepreneurship and Innovation Management, 2011, vol. 13, issue 2, 122-143

Abstract: Universities are increasingly under pressure to commercialise their technological innovation and generate revenues to justify ongoing public investment to support that innovation. Most universities respond to this pressure by focusing on licencing patentable technologies. However, as most licensees operate far from the universities, the local economic impact is reduced. Due to this factor, regional economic development agencies, when looking to extract commercial value from university research, see limited benefit from the licencing of technology patents generated by universities. Instead, they concentrate on promoting new business ventures as a mechanism for regional wealth creation. We propose an expanded model of knowledge transfer from university research that underscores the importance of creating new ventures and demonstrates how university-based incubators can catalyse knowledge extraction and, as a result, align the goals of regional economic development agencies and universities.

Keywords: technological innovation; technology incubators; technology transfer; knowledge transfer; venture creation; wealth creation; regional wealth; university commercialisation; economic development; licencing; universities; university research; knowledge extraction; regional development agencies. (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.inderscience.com/link.php?id=38855 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijeima:v:13:y:2011:i:2:p:122-143

Access Statistics for this article

More articles in International Journal of Entrepreneurship and Innovation Management from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().