University industry links and product innovation: cooperate or contract?

  • Jaider Manuel Vega Jurado Universidad del Norte - Business School Barranquilla-Colombia
  • Sean Kask INGENIO (CSIC-UPV), Universitat Politècnica de València
  • Liney Manjarrés-Henriquez Universidad Autónoma del Caribe, Facultad de Ingeniería.
Keywords: R&D cooperation, R&D contracting, innovation, universities, product novelty

Abstract

The role of universities in product innovation has received considerable attention over the past decade. However, little is known about how the type of formal university-firm interaction predicts innovative performance and the degree of novelty of new products. This research differentiates two forms of firm high-relational interaction with universities: R&D contracting and cooperation. We exploit the panel structure of a dataset of 5,858 Spanish manufacturing firms with fixed-effects models. The empirical analysis finds that, although both contracting and cooperation predict product innovative performance, the two activities differ in the degree of novelty of new product outcomes. The implications are that the codified nature and asymmetric scope of R&D contracting is more suitable for exploitative innovation, resulting in product innovation that is incremental in nature. On the other hand, the possibility to exchange and create tacit knowledge and the explorative nature of R&D cooperation provide firms with the opportunity to better access the broad knowledge base of universities, leading to product innovations with a higher degree of novelty

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Author Biography

Jaider Manuel Vega Jurado, Universidad del Norte - Business School Barranquilla-Colombia
Researcher at the Institute of Innovation and Knowledge Management (INGENIO), a joint Institute of the Spanish Council for Scientific Research and the Polytechnic University of Valencia. Jaider obtained a degree in Industrial Engineering from Universidad del Atlántico (Colombia) in 2001, and a PhD in Engineering and Innovation Projects from the Polytechnic University of Valencia (2008). His areas of expertise are: business Innovation Strategies, absorptive capacity, University-Industry relationships, National and Regional Innovation Systems.
Published
2017-10-26
How to Cite
Vega Jurado, J. M., Kask, S., & Manjarrés-Henriquez, L. (2017). University industry links and product innovation: cooperate or contract?. Journal of Technology Management & Innovation, 12(3), 1-8. https://doi.org/10.4067/S0718-27242017000300001
Section
Research Articles