Universidad Complutense de Madrid
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How knowledge links with universities may foster innovation: The case of a science park

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Díez Vial, Isabel and Montoro Sanchez, Maria Angeles (2016) How knowledge links with universities may foster innovation: The case of a science park. Technovation, 50-51 . pp. 41-52. ISSN 0166-4972

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Official URL: http://dx.doi.org/10.1016/j.technovation.2015.09.001



Abstract

The objective of this research is to evaluate how technological knowledge flows from universities may increase innovation by firms located in a science park. We propose that firms with the capacity to acquire and assimilate the knowledge provided by universities, mainly due to being academic spin-offs or having long-term relationships with them, receive more knowledge from universities. We also argue that firms located in central positions inside the local firm-network have access to a complementary source of technical knowledge. Empirical evidence gathered from the Madrid Science Park confirms that having long-term relationships with universities, based on both formal and informal interactions, is the most important means of obtaining technical knowledge from them. We also observed a positive relationship between the technological knowledge obtained from universities and the innovation carried out by firms. Finally, we confirmed that firms with a significant role as intermediaries between other co-located firms have a higher level of innovation even if they are not involved in relationships with the university


Item Type:Article
Uncontrolled Keywords:Networks; Science park; Knowledge; Academic spin-off; Innovation; Potential absorptive capacity
Subjects:Social sciences > Economics > Economic development
Social sciences > Economics > Business enterprises
Humanities > Education > Higher education
ID Code:55480
Deposited On:29 May 2019 07:59
Last Modified:29 May 2019 08:12

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