Universities and innovation ecosystems: a dynamic capabilities perspective

Sohvi Heaton, Donald Siegel and David J Teece

Industrial and Corporate Change, 2019, vol. 28, issue 4, 921-939

Abstract: Universities play an important role in innovation ecosystems. In addition to developing human capital and advancing technology, they are increasingly expected to participate as economic development partners with industry and local, state, and national governments. Models such as the “Triple Helix” have been advanced to frame the assessment of interactions among academia, industry, and governments that may foster economic development. Such models highlight the boundary-spanning roles of universities and provide a predetermined list of actions universities could take to strengthen their ecosystem. Unfortunately, the flexible and entrepreneurial management of universities required to make this model work has virtually been ignored in the academic literature. We propose the dynamic capabilities framework to guide how universities might manage their innovation ecosystems. We use this framework to analyze the role of the university throughout the ecosystem lifecycle. These concepts are then illustrated with three case studies of universities that have engaged with partners in local economies to launch new industries, fostering entrepreneurship, and revitalize neighborhoods.

JEL-codes: D24 L31 M13 O31 O32 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (37)

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