A new model for university-industry links in knowledge-based economies

Abstract

In this paper, we apply the agent-based SKIN model (Simulating Knowledge Dynamics in Innovation Networks) to university-industry links. The model builds on empirical research about innovation networks in knowledge-intensive industries with procedures relying on theoretical frameworks of innovation economics and economic sociology. Our experiments compare innovation networks with and without university agents. Results show that having universities in the co-operating population of actors raises the competence level of the whole population, increases the variety of knowledge among the firms, and increases innovation diffusion in terms of quantity and speed. Furthermore, firms interacting with universities are more attractive for other firms when new partnerships are considered. These results can be validated against empirical findings. The simulation confirms that university-industry links improve the conditions for innovation diffusion and enhance collaborative arrangements in innovation networks. © 2011 Product Development & Management Association.