Industry Knowledge Sources and the Role of Universities

In recent yems, rapid growth hm occurred in both the number and diversity of university-industry progrmns in the United States. While little comprehensive assessment of these programs exists to date, this paper argues that a systematic empirical analysis of a cmpany's perception of universities as knowledge sources is critical toa clear understanding of the newallknces between industry and academia. From a survey of216 companies, a pattern emerges where the sources of technical knowledge perceived as important by industry are complex and highly interrelated, and they also vary according to the characteristics of companies, especially size. It is seen that university research rather than universities as institutions per se are critical ingredients to the development of new products and production processes. Copyright 1992 by The Policy Studies Organization.