ADM 4316 Lecture Notes - Lecture 7: Mayo Clinic, Thomas Edison
19 Sep 2019
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Document Summary
> revenues from university inventions are still very small, but universities also contribute to innovation through publication of research results. > grants for other public or private research organizations. > many nonprofit organizations do in-house r&d, fund r&d by others, or both. > the top nonprofit organizations that conduct a significant amount of r&d include organizations such as the howard hughes medical institute, the mayo foundation, > joint ventures, licensing and second-sourcing agreements. , research associations. , Government-sponsored joint research programs. , value-added networks for technical and scientific exchange, informal networks. > collaborative research is especially important in high-technology sectors where individual firms rarely possess all necessary resources and capabilities. Technological spillovers = when the benefits from the research activities of one entity spill over to other entities. > likelihood of spillovers is a function of: i: nature of underlying knowledge base (for example, tacit, complex), mobility of the labor pool. Strength of protection mechanisms (for example, patents, copyright, trade secrets).
