Facing up to the risks in commercially focused university-industry R&D partnerships

Fulop, Liz and Couchman, Paul K. 2006, Facing up to the risks in commercially focused university-industry R&D partnerships, Higher education research and development, vol. 25, no. 2, pp. 163-177.

Attached Files
Name Description MIMEType Size Downloads

Title Facing up to the risks in commercially focused university-industry R&D partnerships
Author(s) Fulop, Liz
Couchman, Paul K.
Journal name Higher education research and development
Volume number 25
Issue number 2
Start page 163
End page 177
Publisher Routledge
Place of publication London, England
Publication date 2006
ISSN 0729-4360
1469-8366
Summary The number of university–industry R&D partnerships (UIPs) has increased significantly over the past decade, in most OECD countries and in Australia, yet the study of risk in such commercially focused collaborative ventures is still a developing area. This review paper seeks to contribute to debate on this increasingly important phenomenon by addressing three key areas of risks for universities in entering such collaborations. The commercialization of research findings presents particular risks to universities, most notably the possibility of financial loss, which has a greater impact than for companies in cross‐sector collaborations. Another major type of risk faced by universities is relational risk, and this can significantly alter the trust dynamics that underpin research and innovation. There are also institutional risks to universities and their research staff engaged in commercializable R&D and, ultimately, to their reputation as a neutral source of expertise. It is argued there is a need for universities in Australia to develop comprehensive policies to manage the risks of commercialization and R&D collaboration with industry partners.
Language eng
Field of Research 150399 Business and Management not elsewhere classified
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2006, HERDSA
Persistent URL http://hdl.handle.net/10536/DRO/DU:30035180

Document type: Journal Article
Collection: School of Management and Marketing
Connect to link resolver
 
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Versions
Version Filter Type
Access Statistics: 71 Abstract Views, 0 File Downloads  -  Detailed Statistics
Created: Mon, 30 May 2011, 11:03:12 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.