Abstract
This study explores the relationships within university-industry-government interactions, with specific reference to the business incubator of Penela, Portugal. It describes the formal, informal and human resource links between the sample of thirteen firms based in the incubator and universities, as well as the relations between Penela Town Council and the incubator. The impact of all these linkages on the development of the biotechnology and agricultural sectors is considered. The results confirm that the dynamics of the relations between the Triple Helix actors led to the emergence of the Penela Incubator. The latter operates as a mechanism of knowledge/technology transfer and stimulates cooperation between the university and industry, which is characterized by mostly informal links. In addition, the research revealed that these interactions had a positive impact on the development of the region, resulting in the creation of companies and the introduction of innovative products.
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