Intellectual property transfer from universities to business: requisite for sustained competitive advantage?

Abstract

Business is experiencing an ongoing fundamental shift in the competitive environment, which highlights the need for knowledge development and the interdependence between users and producers, including universities, government, and society. This interdependence is specifically accentuated by the transfer of intellectual property from universities to corporations that are intent on developing sustainable competitive strategies. This paper presents a conceptual framework and research questions and the results of an exploratory study which focused upon the interaction between pivotal universities and business in a society-government context. Among other findings, the paper concludes that the economic and contractual imperatives of business may not conform to the traditional research, instructional, and service roles of universities. The implications of the study findings for business and university interactions are discussed.