How knowledge links with universities may foster innovation: The case of a science park. (April 2016)

• Record Type: Journal Article
• Authors: Díez-Vial, Isabel; Montoro-Sánchez, Ángeles
• Is Part Of: Technovation. Volume 50/51(2016)
• Page Start: 41
• Page End: 52
• Publication Date: 2016-04
• Subjects: Networks -- Science park -- Knowledge -- Academic spin-off -- Innovation -- Potential absorptive capacity; Technological innovations -- Periodicals; Industrial management -- Periodicals; Innovations -- Périodiques; Gestion d'entreprise -- Périodiques; Electronic journals; 658.57
• DOI: 10.1016/j.technovation.2015.09.001
• Languages: English
• ISSNs: 0166-4972

Abstract

Abstract: The objective of this research is to evaluate how technological knowledge flows from universities may increase innovation by firms located in a science park. We propose that firms with the capacity to acquire and assimilate the knowledge provided by universities, mainly due to being academic spin-offs or having long-term relationships with them, receive more knowledge from universities. We also argue that firms located in central positions inside the local firm-network have access to a complementary source of technical knowledge. Empirical evidence gathered from the Madrid Science Park confirms that having long-term relationships with universities, based on both formal and informal interactions, is the most important means of obtaining technical knowledge from them. We also observed a positive relationship between the technological knowledge obtained from universities and the innovation carried out by firms. Finally, we confirmed that firms with a significant role as intermediaries between other co-located firms have a higher level of innovation even if they are not involved in relationships with the university.