By Shiri M. Breznitz
To illustrate her argument, Breznitz undertakes a comparative research of 2 universities, Yale and Cambridge, and the various results in their makes an attempt at expertise commercialization in biotech. by means of contrasting those universities—their precise regulations, organizational constitution, institutional tradition, and placement inside unique nationwide polities—she makes a robust case for the concept that know-how move depends on hugely variable old and environmental elements. Breznitz highlights key good points to weigh and have interaction in constructing destiny collage and monetary improvement guidelines which are tailored for his or her contexts.
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Extra resources for The Fountain of Knowledge: The Role of Universities in Economic Development
The University of Cambridge is a well-known university, but, as we will see, it has a particular impact on the United Kingdom in general and on the east of England in particular. Similarly, Yale University in Connecticut plays an important part in its state’s and region’s decision-making processes. i n t er n a l fac t or s Three important internal factors influence the technology-transfer capability of a university (Bercovitz et al. 2001; Clark 1998; Etzkowitz 1998; Link and Scott 2005; O’Shea et al.
2005; Siegel, Waldman, and Link 2003a; Boucher, Conway, and Van Der Meer 2003; Bagchi-Sen and Lawton Smith 2012). 1. Although universities have no control over their historical and locational factors—that is, external factors—they do have some level of control over their internal programs, resources, and procedures for transferring technologies. Hence, a study of the technology-transfer activities of universities needs to focus on this area. Two external factors affect the ability of a university to commercialize technology: history and environment.
With globalization, corporations have increasingly discovered the advantages of tapping into the best research and practices in many places around the world. In other words, knowledge and top-quality research have geographical characteristics (Etzkowitz and Leydesdorff 2000). As such, they concentrate in specific locations and are based on regional learning, networking, and technology transfer. Not all nations or regions possess the best knowledge, and although globalization allows nations to import and export this knowledge, corporations still need to tap into specific localities.
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