Linked Innovation Commercializing Discoveries at Research Centers
Questioning why research centers so often fail to commercialize discoveries, this book explores the concept of linked innovation, which promises to drive economic sustainability while preserving academic quality at research centers. The author examines th
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Josemaria Siota
Linked Innovation
Josemaria Siota
Linked Innovation Commercializing Discoveries at Research Centers
Josemaria Siota IESE Business School University of Navarra Barcelona, Spain
ISBN 978-3-319-60545-6 ISBN 978-3-319-60546-3 (eBook) DOI 10.1007/978-3-319-60546-3 Library of Congress Control Number: 2017944570 © The Editor(s) (if applicable) and The Author(s) 2018 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover Illustration: © saulgranda/Getty Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
To all managing directors and academic leaders at research centers who positively impact societies and economies through their work
Preface
Why do research centers so often fail to commercialize discoveries? Chap. 1 of this book introduces the core challenge faced by research center managing directors: how to achieve economic sustainability while preserving academic quality. It is a challenging environment, with governments looking to cut costs on R & D, companies not recovering precrisis R & D budgets, investors unwilling to take on such long-term bids, and research centers closing due to the scarcity of resources. It is a paradox that is drawing the attention of leaders in research centers at the university, industry, and government level. It is a growing conversation among academics trying to address the question. This book covers 28 mechanisms and 12 business models to drive growth in research centers through the examination of performance metrics, design thinking, business modeling, and innovation ecosystems. These mechanisms are followed by successful research centers at universities (e.g., Harvard, Oxford, and Tel Aviv), in industry (
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