The ‘Third Way’ of university research commercialization focuses on systemic change, rather than on single stakeholder intervention. It reflects a third generation of innovation policies that focuses on training, awareness raising and the leverage of cluster effects, rather than the development of physical infrastructure (i.e. science parks).
This is a unique approach that outperforms existing best practice in many ways; i.e. it focuses on the leverage of network effects among the various academic institutions, rather than repeating the traditional ‘one university – one commercialization’ approach.
The ‘Third Way’ also outperforms existing best practices by adopting latest trends in IP management , such as online trading, perceiving IP as financial asset, leveraging open innovation for improving patent quality.
To read the full, original article click on this link: Financing Unversity Research.pdf (application/pdf Object)