FROM SCIENCE TO BUSINESS: HOW UNIVERSITIES STIMULATE INNOVATION

Prof. A. Bobozhonov,, Prof. A.M. Shatre, V. Kirilova Vladimirova and R.Kh. Karlibaeva

GREEN ECONOMY AND DEVELOPMENT, 2025, vol. 3

Abstract: The article examines the role of universities as key participants in the innovation ecosystem and their contributionto the formation of the knowledge economy. Special attention is given to the concept of the "triple helix" (university–business–government), which demonstrates the necessity of close interaction between science, entrepreneurship, and thestate for sustainable technological development. The article analyzes the best global practices for the commercializationof research results: the activities of technology transfer offices (TTOs), university incubators and accelerators, the creationof spin-off companies, the establishment of venture funds, and joint corporate laboratories. Examples from MIT, Stanford,and Cambridge are provided, demonstrating the effectiveness of their student startup support programs (MIT Sandbox,Stanford StartX).

Keywords: university innovations; research commercialization; technology transfer offices (TTOs); startup ecosystems; venture funds; triple helix; student entrepreneurship; knowledge economy. (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:teu:ged000:v:3:y:2025:id:7628

DOI: 10.5281/zenodo.17544009

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