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, doi: 10.1080/07294360600610396.

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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
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
DOI 10.1080/07294360600610396
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, Taylor & Francis
Persistent URL http://hdl.handle.net/10536/DRO/DU:30035180

Document type: Journal Article
Collections: Faculty of Business and Law
School of Management and Marketing
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