What Drives University Technological Innovation and Commercialization?

Universities are a source of technological innovation, which in turn facilitates economic growth. The Bayh-Dole Act of 1980 was enacted to support university research efforts. However, since its enactment, university technological innovation had been increasing slowly. In this study, I explore the current and future impact of university characteristics and regional industry R&D activities on university technological innovation and commercialization. The findings verify existing, albeit fairly dated, literature by demonstrating their current impact; and extend it by showing their future impact to various degrees. The intricacies of the coefficients of impact enrich our understanding of how these drivers can be leveraged to boost university innovation and technology commercialization.

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