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Role of Academic Institutions
Relationships Between Universities and SMEs in Emerging High Technology IndustriesIt is not a new concept that the highly innovative and entrepreneurial SME sector can make important contributions to the commercialisation of emerging technologies. Moreover, universities have become a vital link in this chain. Therefore it is of paramount importance that the relationships between SMEs and universities are understood.
This paper discusses the theory of the importance of the nature of relationships between universities and SMEs. It especially looks at current theories on regional development, that suggests that concentrations of SMEs in certain regions, clustered around one or more university centres, can be effective locations for accelerating this process. It compares this to the view that emerging industries developare more effected by the dynamics of industry life-cycles. The opto-electronics sector, which is characterised by regional clusters in the UK and USA, offers lessons on how SMEs and universities interact against a backdrop of these theories.
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