By Shahid Yusuf, Kaoru Nabeshima
With the competitiveness of organizations in an open and built-in global setting more and more reliant on technological strength, universities are being requested to tackle a starting to be position in stimulating fiscal progress. past providing schooling, they're now considered as resources of industrially necessary technical abilities, strategies, and entrepreneurship. constructed and constructing international locations alike have made it a concern to gain this strength of universities to spur development, a method that demands coordinated coverage activities. the prestigious individuals to 'How Universities advertise financial progress' examines the wealth of overseas event on efforts to multiply hyperlinks among universities and companies. they give helpful and succinct advice on essentially the most potent coverage measures deployed via nationwide and neighborhood governments, businesses and universities to augment the contribution that tertiary associations could make to fiscal switch.
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Extra resources for How Universities Promote Economic Growth (Directions in Development)
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Where the patenting system functions effectively—that is, where the costs of applying for and maintaining a patent are affordable, turnaround is reasonably fast, and intellectual property rights are given a decent degree of protection by the courts, again at a cost that the bulk of patentees can manage—the incentives to push scientiﬁc research toward patentable discoveries that can have a commercial future has increased. Although the Bayh-Dole Act was not responsible for the quickening of innovation, it certainly did stimulate patenting and paved the way to greater commercialization (chapter 10 by Mowery; Sampat 2006).
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