Open AccessThe universities’ contribution to economic prosperity through technology transfer
Author(s) -
Nikolaos Taousanidis,
A. Taousanidis
Publication year - 2019
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/591/1/012100
Subject(s) - prosperity , revenue , face (sociological concept) , knowledge economy , work (physics) , core (optical fiber) , production (economics) , business , knowledge transfer , process (computing) , technology transfer , economic system , economics , economy , economic growth , international trade , management , engineering , finance , sociology , computer science , operating system , mechanical engineering , telecommunications , social science , macroeconomics
Our economy is a knowledge-based economy an economy founded on the production, distribution and use of knowledge. Thus a connection of main economic actors (firms) to main knowledge producers (universities) is necessary. The process of technology transfer from universities to market is however not simple and consumes resources and infrastructure. European universities face this challenge in a way not similar to the American ones, looking for great revenues, strengthening of basic research and local growth. The latter is analysed in this work and proposals are made to universities, to match society’s expectations without jeopardizing their core mission, education and research.