Journal
INTERNATIONAL JOURNAL OF INNOVATION MANAGEMENT
Volume 11, Issue 2, Pages 323-347Publisher
WORLD SCIENTIFIC PUBL CO PTE LTD
DOI: 10.1142/S1363919607001722
Keywords
Industry and university partnerships; life sciences; pharmaceuticals and biotechnology; innovation management and open innovation; R&D collaborations; contracting out; outsourcing
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Government support for partnering between BioPharma companies and universities is growing in the UK and some European countries but few studies have explored these partnerships. Through interviews and a survey of key institutions we explored perceptions of key informants on industry and university partnerships. Study participants identified that partnering helped them to increase innovation in R&D and led them to adopt more open approaches to innovation. Organisational structures to coordinate and support partnerships; flexibility in operational management to solve problems in establishing and running these partnerships; leadership, especially by investigators to champion and lead collaborations; developing organisational capabilities of universities; and creation of an enabling environment by governments were identified as the critical success factors for partnering. The challenges faced were identified as lack of funding for university research teams; pressure on pricing from industry partners; disagreements on IP ownership; asymmetry of industry and university capabilities in partnering; and lack of administrative support with excessive bureaucracy from universities.
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