THE MODERN UNIVERSITY AS A KNOWLEDGE AND TECHNOLOGICAL TRANSFER INSTITUTION. THE CASE OF ROMANIA
THE MODERN UNIVERSITY AS A KNOWLEDGE AND TECHNOLOGICAL TRANSFER INSTITUTION. THE CASE OF ROMANIA

Summary/Abstract: Effective technological transfer impacts directly and positively on several societal actors. Private companies are likely to increase productivity, competitiveness and durability, based on more awareness on external sources of innovation, increased R&D spending, transfer of tacit and explicit knowledge, innovative products. Universities and research institutes are more likely to become more entrepreneurial, more connected to the market needs, but also better equipped to serve the social purpose of generating social and economic welfare. Also, universities can offer their students more chances of integration to the labour market, by linking market needs with academic and scientific research. Technological transfer also produces positive externalities for the citizens, nonlucrative private organizations and governmental bodies, in terms of improved social and business models, products and living conditions. This paper aims to highlight the importance of universities in playing an active part in the process of knowledge and technological transfer and their role as facilitators in this process.

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