Different types of industry-science linkages
- Author: United Nations
- Main Title: Fostering innovative entrepreneurship , pp 41-48
- Publication Date: December 2012
- DOI: https://doi.org/10.18356/a37e8248-en
- Language: English
In the early 1960s, Nelson and Arrow emphasized the importance of "new
scientific knowledge" as a driving force behind innovation, technological and economic
progress. Ever since, its role in developing new and improved products has continuously
grown. This is related to the rapidity of the technological progress as well as the
increasing complexity of the innovation process. "What university research most often
does today is to stimulate and enhance the power of the R&D done in industry
...". As a result, "... as scientific knowledge grows, the cost of successfully
undertaking any given, science-based invention declines." This leads, ceteris paribus,
to a rise in the efficiency of the research process and effectiveness of the firms’
innovation activities, because fewer trial-and-error and fewer approaches need to be
evaluated and pursued to achieve a given technological end. From this perspective,
science provides a powerful heuristic guidance to the search process associated with
technological change.
© United Nations
ISBN (PDF):
9789210553070
Book DOI:
https://doi.org/10.18356/01f68e18-en
Related Subject(s):
International Trade and Finance
Sustainable Development Goals:
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