ISSN: 1648 - 4460

International Journal of Scholarly Papers


Transformations  in
Business & Economics

Transformations in
Business & Economics

  • © Vilnius University, 2002-2011
  • © Brno University of Technology, 2002-2011
  • © University of Latvia, 2002-2011
Innovative Activity of Universities – Knowledge Creation in Developed and Fast Developing Countries
Elzbieta Pohulak-Zoledowska

ABSTRACT. Nowadays the ability to innovate is the key factor in creating the innovative firm (in the micro-scale) or innovative economy (in a wider prospect). Post-academic and industrial science shortens the gap between scientific discovery and its commercial application. University-industry relations aimed at creating innovations take place in both developed and developing countries. In developed countries basing on the market mechanism, one can notice the emergence of bridging institutions which help to organise the knowledge and technology transfer. Developing countries try to adopt Western standards of knowledge production, but their economic and historical past make the various elements of university-industry cooperation dominate.

KEYWORDS: knowledge-based economies, post-academic science, industrial science, university-industry relations, academic innovation.

JEL classification: I23, I25, O31, O32, O33, O34.

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Scholarly papers Transformations in Business & Economics
Kaunas Faculty
Vilnius University
Muitinės g. 8
Kaunas, LT-44280



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