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Public research agencies as sources for innovations and the entrepreneurial absorptive capacity of manufacturing enterprises
John Yencken
Research Fellow, Australian Graduate School of Entrepreneurship, Swinburne University of Technology, Melbourne VIC
Murray Gillin
Emeritus Professor, Australian Graduate School of Entrepreneurship, Swinburne University of Technology, Melbourne VIC
Abstract
Recent literature on technology absorptive capacity for new knowledge has shown business R&D investment, however measured, to be a key factor.
Statistical analyses of Australian innovation survey data showed a strong relationship between technology absorptive capacity and the perceived importance of public sector research providers as sources of information and ideas for innovations.
The policy implications of these findings are how to better balance government interventions between increased funding for the generation of new knowledge and improving the absorptive capacity for this new knowledge and the associated enterprise entrepreneurial propensity.
Keywords
absorptive capacity, innovation, R&D investment, universities
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