The embodiment of knowledge: universities as engines of growth

Abstract

As universities open themselves up to the marketplace for knowledge and ideas to a greater degree than in the past, debates over university missions has been common. How can universities match their third mission, contribution to society, with their main missions of education and curiosity-driven basic research to achieve their full growth potential? This will require a change in policy attention from targeting university patenting and faculty spin-offs, to taking a broader view on universities’ contribution to economic development, including other pathways, most notably collaborative modes and mobility of trained human capital from academe to industry.

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