The Role of Universities in The Development of High-Tech Industry: Conceptualization and Empirical Analysis

Abstract

The article examines the relationship between the development of modern universities and high-tech industry, and try to find the role of universities in the development of high-tech industries. The author takes Zhongguancun Science Park in China as a case, to establish a correlation analysis between high-tech industries and universities. The results show that the correlation between the number of graduates and the output value of high-tech industries is not significant. The correlation between the number of universities and the output value of high-tech industries is significant at the level of 0.05, with a coefficient of 0.663. Other indicators such as R&D expenditures, R&D projects, published scientific papers, patents and so on, are highly correlated with the output value of high-tech industries, while they are all significant at the 0.01 level. It is fully demonstrated that there is a high degree of correlation between high-tech industries and universities. Universities provide high-tech industries with talent and intellectual support, financial support and continuous power, the development of high-tech industries are inseparable from universities.