Academic Program

Orestis Georgiou, Mykola Maksymenko and Stephen Russo
Additional contact information
Orestis Georgiou: Ultraleap Ltd.
Mykola Maksymenko: Haiqu Inc.
Stephen Russo: Honeywell Building Automation Inc.

Chapter 13 in R&D Management and Technology Commercialization, 2025, pp 223-229 from Springer

Abstract: Abstract This chapter explores the concept of establishing an academic program within a company to foster collaboration with universities and other external stakeholders. Academic programs serve as an embodiment of open innovation, enabling firms to leverage external resources, cultivate talent pipelines, and create an innovation ecosystem to advance their R&D goals. The chapter outlines practical approaches to launching such programs, from sponsoring postgraduate research projects to hosting R&D competitions. It also highlights how these initiatives can facilitate rapid idea exploration, strengthen relationships with academic institutions, and position firms to access additional public funding for specialized projects. Finally, it argues that by building a robust academic network, firms can enhance their innovation capabilities, increase competitiveness in securing grants, and establish a mutually beneficial feedback loop that fuels both talent generation and technological advancements.

Keywords: University collaborations; Open innovation ecosystems; Legal agreements; Talent generation; Academic program managers (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-031-86789-7_13

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DOI: 10.1007/978-3-031-86789-7_13

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