Universities - a source of new products commercialised by firms
According to the recent findings of the Innovation Radar, 70% of high potential innovations stemming from FP7 and H2020 projects are co-developed with universities. Collaborations between universities and SMEs seem to be particularly fruitful. Most of the innovations co-developed in university-firm collaborations are new products (see figure below). Although private partnerships also are an important source of new products, they show equal interest in developing new processes, services and organizational methods.
Figure: % of innovations by collaboration and innovation type, source: Innovation Radar
Universities participating to the EU funded research joint-ventures report "partnership with other companies" as the main need to bring their innovations to the market. In other words, by teaming-up with private organizations, universities are seeking complementary capabilities allowing them to commercialize new technologies. These capabilities can be brought into by private organizations.
The results suggest that while supporting distinct types of organizations, one needs to pay attention to diversity of needs they have to bring their innovations to the market. On the one hand, universities require support to make the first steps to commercialize innovation in the form of start-up accelerator, incubation, partnership with other organization or legal advice. On the other hand, private firms are seeking support to expand the market for their new products, i.e. scale-up.
The Innovation Radar is a DG Connect-JRC support initiative identifying high potential innovations in EU-funded research projects and the key organizations behind them. Today, the IR provides up-to-date intelligence on the innovative output of EU-funded research projects and guidance on how to leverage their innovative output by suggesting a range of targeted actions that can assist them in fulfilling their potential in the market place.
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