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Catalysing innovation through university-industry-government collaboration
Innovation is no longer seen as an undertaking of a “lone entrepreneurial hero” but rather as a collaborative phenomenon. Industry-university-government collaboration has proved its value for innovation promotion and has been the focus of national and regional innovation policies in different countries around the world. Establishing such collaboration, however, can represent a major challenge if not addressed correctly.
Innovation support programmes for SMEs – global experiences
Small and medium-sized businesses are often considered key actors on the innovation scene with over 60% of all innovations in the 20th century introduced by SMEs. However, these companies face more barriers and are less efficient in innovating than large firms. This fact is often explained by the specific barriers SMEs face and their organisational characteristics.
Universities as Innovators
Universities around the world are now under pressure to contribute to the economic development of their regions and nations. This “third mission” of the academia – alongside the traditional roles of teaching and research – is however subject to continuing debates. In their quest for “economic relevance”, many universities have been increasingly focusing on technology commercialisation, which has been criticised both by academics and the general public.