Intellectual Property management in publicly funded R&D centres—A comparison of university-based and company-based research centres

Recent thinking on open innovation and the knowledge-based economy have stressed the importance of external knowledge sources in stimulating innovation. Policy-makers have recognised this, establishing publicly funded Centres of R&D Excellence with the objective of stimulating industry–science links and localised innovation spillovers. Here, we examine the contrasting IP management practices of a group of 18 university- and company-based R&D centres supported by the same regional programme. Our analysis covers all but one of the Centres supported by the programme and suggests marked contrasts between the IP strategies of the university-based and company-based centres. This suggests the potential for very different types of knowledge spillovers from publicly funded R&D centres based in different types of organisations, and a range of alternative policy approaches to the future funding of R&D centres depending on policy-makers’ objectives.

Catalysing open innovation through publicly funded R&D: A Comparison of University and Company-based research centres

Public funding of university and company-based R&D centres of excellence is widespread both in core and more peripheral regions. What is less well-known is whether these R&D centres can catalyse multi-directional, multi-actor and iterative innovation. Based on data from a real-time monitoring study, this article explores the development of 18 R&D centres’ external connections. University-based R&D centres establish more new connections than company-based centres and are more likely to be interacting with small or micro-firms. However, there is a general bias towards links with larger firms; micro, small and medium-sized enterprises also are less likely to be involved in collaborative R&D with research centres than other types of relationships. The results suggest the potential for R&D centres to act as a catalyst for open innovation but emphasise the need to ensure that the focus of the R&D being conducted is relevant to the needs of smaller firms.

Teamwork Efficiency and Company Size

We study how ownership structure and management objectives interact in determining the company size without assuming information constraints or any explicit costs of management. In symmetric agent economies, the optimal company size balances the returns to scale of the production function and the returns to collaboration efficiency. For a general class of payoff functions, we characterize the optimal company size, and we compare the optimal company size across different managerial objectives. We demonstrate the restrictiveness of common assumptions on effort aggregation (e.g., constant elasticity of effort substitution), and we show that common intuition (e.g., that corporate companies are more efficient and therefore will be larger than equal-share partnerships) might not hold in general.

Indenture of Conveyance between George Shaw and Richard Woodruff and Company

Indenture of conveyance between George Shaw of the Township of Niagara and Richard Woodruff and Company, merchants of the Township of Niagara, all living in the Village of St. Davids for a share of water ("course of water running in a hole one inch diameter"), April 15, 1825.

Certificate for 600 Common Shares in James A. Forrest and Company Distillers Limited

Certificate for 600 common shares in James A. Forrest and Company Distillers Limited – 600 common shares to the estate of Hamilton K Woodruff, Jan. 31, 1936.

Receipt from Pratt and Company for brass rail

Receipt from Pratt and Company for brass rail, Aug. 17, 1876.

Receipt from Pratt and Company for hardware

Receipt from Pratt and Company for hardware, Aug. 22, 1876.

Receipt from Pratt and Company for bronze knobs

Receipt from Pratt and Company for bronze knobs, Aug. 29, 1876.

Receipt from Pratt and Company for payment on account

Receipt from Pratt and Company for payment on account, Sept. 1, 1876.

Credit to S.D. Woodruff from Pratt and Company for $150.00

Credit to S.D. Woodruff from Pratt and Company for $150.00, Sept. 7, 1876.

Receipt from Pratt and Company for bronze escutcheons

Receipt from Pratt and Company for bronze escutcheons, Sept. 9, 1876.

Receipt from Pratt and Company, New York for payment on account

Receipt from Pratt and Company, New York for payment on account, Oct. 1, 1876