The Role of Open Innovation in Business-university R&D Collaborations
This is a book chapter that address the triadic collaborative relationships amongst universities, businesses and governments in innovation.
Chinta, R. and Culpan, R. (2014). The role of open innovation in business-university R&D collaborations. In R. Culpan (ed) Open Innovation through Strategic Alliances, pp. 145-166. New York: Palgrave MacMillan. [ISBN: 978-1-137-39855-0]
Research collaborations between businesses and universities have been a common endeavor for many years to expand the knowledge and thereby to develop new products and technologies. With the increasing popularity of open innovation in recent years, these kinds of collaborative efforts have gained a renewed momentum. In this chapter, we discuss OI in the context of the partnership between businesses and universities. In elaborating on and analyzing such collaborative ventures, we identify the antecedents and drivers of business-university research collaborations and offer a classification and interesting examples of such partnerships for better understanding. In addition, we define the current trends in business-university research collaborations comprising from a movement from single to multiple partners and emerging restrictions on publishing and patents. Furthermore, we point out the future outlook for these endeavors involving rights of first refusal and globalization of R&D, and identify unresolved conundrums business-university research partnerships including interim valuation of technology before commercialization, ownerships rights and sharing the value created, and global patenting. Finally, we conclude with some recommendations in improving business-university research collaborations that will enhance new knowledge creations and provide mutual benefits for the participants.
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