Abstract

AbstractUniversity–industry (U‐I) collaboration is vital to the development of society. However, this important interaction has become something of a caricature whereby a sequential and unidirectional relationship exists, with universities creating knowledge and industries commercializing it. We address this issue by using the triple helix (TH) perspective and the network‐revised Uppsala model of internationalization to demonstrate how this relationship can be reversed. We present an embedded longitudinal case study of a UK–China innovation programme, run by a UK university with the aim of supporting the development of 62 collaborative innovation projects between 58 UK small and medium enterprises and Chinese organizations. The results reveal a pressing need to revisit universities’ third mission: the transfer of academic knowledge to industry. The findings demonstrate universities’ role as internationalization catalysts for firms engaged in U‐I collaboration. This signals an important and underexplored component of the TH perspective. The knowledge exchange type in U‐I relationships shows a possible reversal in firm and university roles, where knowledge and technology are contributed by firms, and access to markets is orchestrated by universities, which become internationalization platforms.

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