University-SME collaboration and innovation performance: the role of informal relationships and absorptive capacity

This work analyzes the impact of university-industry collaborations (UICs) on the innovation performance of a sample of small and medium enterprises (SMEs) located in Veneto, a region in the north-east of Italy, which is considered particularly representative of the often-cited innovation without research model. We consider two aspects of such UICs that have never been at the center of theoretical and empirical debates on the innovation capacity of SMEs and whose importance has only recently been recognized. The first aspect is the variety of forms that UIC can take. Specifically, we distinguish between formal and informal collaborations. The second aspect is the possible influence of the absorptive capacity of SMEs on their ability to gaining from UICs in terms of innovation performance. We combine statistical analysis of the results of a survey administered to 179 SMEs in Veneto with a collection of anecdotal evidence to show that UICs effectively increase SMEs' innovation performance.

Automated summary

This study examines the impact of university-industry collaborations on the innovation performance of small and medium enterprises in Veneto, Italy. It identifies the variety of forms UICs can take and the potential influence of SMEs' absorptive capacity on their innovation performance through UICs. The findings suggest that UICs effectively increase SMEs' innovation performance, highlighting the importance of such collaborations in fostering innovation.