-
Commercializing public research: One of the core subjects of the Innovation Policy Platform
February 5, 2014 Editor 0
On January 16, the World Bank welcomed a delegation from the Organisation for Economic Cooperation and Development (OECD), led by Andrew W. Wyckoff, the director of the OECD’s Directorate for Science, Technology and Industry (DSTI). Over the past two years, the World Bank Group and the OECD have developed a strong partnership as part of our effort to build the Innovation Policy Platform (IPP). The OECD delegation’s visit took place within the framework the launch the IPP, which included a stimulating conference on inclusive innovation with MIT’s Scott Stern as the keynote speaker. This post by Andrew W. Wyckoff, on the importance of public research commercialization to innovation, was originally published on the “OECD Insights” blog.Do you know what FedEx, the well-known overnight shipping company, and Dell Computers, a multinational technology company, have in common? Both firms’ core business ideas were developed by young student entrepreneurs. There are many other stories out there illustrating that universities and other public research institutions (PRIs) are a major source of innovations.
In searching for new routes to growth, policymakers around the globe invest high hopes in public research. A premium is being placed on the contributions of public research to the creation of new knowledge capital. The way universities and PRIs operate is also changing, including notably the mechanisms and terms on which universities and PRIs are engaging with business and society. We also see that innovation is becoming more open and collaborative, and that knowledge circulates more quickly and more freely than ever. This inevitably has impacts on the commercialisation of public research.
Related Posts
Business-to-Individual Business Models
How Open Innovation Can Help Your Business Grow
Open Innovation: One Size Fits All?
Make Sure New Features Match Your Brand
Product innovation processes and the trade-off between product innovation performance and business performance
6 peculiar industries to steal business ideas from
Categories: World Bank PSD
Tags: Business_Finance, Innovation, Organisation for Economic Co-operation and Development, Technology_Internet
Which ICT4D Projects Use Progressive Design Principles? Microsoft BizSpark program for Startups
Subscribe to our stories
Recent Posts
- Entrepreneurial Alertness, Innovation Modes, And Business Models in Small- And Medium-Sized Enterprises December 30, 2021
- The Strategic Role of Design in Driving Digital Innovation June 10, 2021
- Correction to: Hybrid mosquitoes? Evidence from rural Tanzania on how local communities conceptualize and respond to modified mosquitoes as a tool for malaria control June 10, 2021
- BRIEF FOCUS: Optimal spacing for groundnuts in smallholder farming systems June 9, 2021
- COVID-19 pandemic: impacts on the achievements of Sustainable Development Goals in Africa June 9, 2021
Categories
Archives
Popular Post-All time
- A review on biomass-based... 1k views
- Apply Now: $500,000 for Y... 798 views
- Can blockchain disrupt ge... 797 views
- Test Your Value Propositi... 749 views
- Prize-winning projects pr... 722 views