The role of universities in innovative development: USA and Canada experience
DOI:
https://doi.org/10.46299/j.isjmef.20230202.01Keywords:
innovation, innovative development, university, entrepreneurship, technology transfer, strategyAbstract
In the modern economic development strategies of the USA and Canada regions, the focus of higher education institutions on innovation and entrepreneurship prevails, which is due to the key contribution of these types of activities to the growth of the national and regional economy. The work examines the trend of involving more and more American and Canadian universities and colleges in programs and projects of economic development, as well as experiments with various forms of implementation of their own strategies, including a mandatory educational element. The advantages that business partners can receive from cooperation with the university have been determined. Organizations can connect with the world's leading researchers to help solve important challenges, and participate in and support cutting-edge research in an area of industry interest. Additional benefits may include access to: research infrastructure or specialized equipment at the university and experts who can facilitate technology transfer; to trainees and graduates who want to get a job: to possible funding through grants or other programs that help cover the costs of a research project. A comprehensive approach to the development of the regional economy based on the combined efforts of all interested participants allows to more fully reveal the potential of higher education resources to meet the economic needs of society.
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