The role of government-industry-academia partnership in business incubation: Evidence from new R&D institutions in China |
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| Affiliation: | 1. National Science Library, Chinese Academy of Sciences, Address: No.33 Beisihuan Xilu, Zhongguancun, Beijing, 100190, PR China;2. Institutes of Science and Development, Chinese Academy of Sciences, Address: No.15 Zhongguancun Beiyitiao, Haidian District, Beijing, 100190, PR China;1. VTT Technical Research Centre of Finland F1-02150 Espoo Finland;2. Pepperdine University, Graziadio School of Business and Management, USA;1. School of Civil and Environmental Engineering, Nanyang Technological University, Singapore;2. Department of International Logistics, Chung-Ang University, Seoul, South Korea;1. Business School, Hanyang University, 222 Wangsimni-ro, Seongdong-gu, Seoul, South Korea;2. Ewha School of Business, Ewha Womans University, 11-1 Daehyun-Dong, Suhdaemoon-Ku, Seoul, South Korea;1. Yeditepe University, Istanbul, Turkey;2. Portland State University, Portland, OR, USA;3. University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia;4. Chaoyang University of Technology, Taiwan;5. University of Dubrovnik, Croatia;1. Elaine Marieb College of Nursing, University of Massachusetts Amherst, 651 North Pleasant Street, Amherst, MA, 01003, United States;2. College of Nursing and Research Institute of Nursing Science, Ajou University, 164, World Cup-ro, Yeongtong-gu, Suwon-si, 16499, Gyeonggi-do, Republic of Korea |
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| Abstract: | it is very important to encourage the incubation of new companies for innovative economic growth. Many countries in the world are encouraging “innovation orchards” in the form of government-industry-academia partnership to facilitate the incubation of new technology enterprises. The research focuses on the impact of this partnership between the government, industry, and academia in establishing new R&D institutions on business incubation. Specifically, the research aims to investigate what is the separate effect of the government, enterprises, universities, and public institutions in the establishment of new R&D institutions on enterprise incubation, and the role of cooperation between government-enterprise-academia in the enterprise incubation of new R&D institutions. In empirical tests using data from the 2020 official survey of the Ministry of Science and Technology of China, the results show that for each single cooperator, participation in the establishment of governments, academia has a positive impact on start-ups, while the participation of enterprises has no significant impact. In terms of cooperation, the co-established new R&D institutions are better in business incubation than the single establishment of new R&D institutions. The cooperation between government and academia in the establishment of new R&D institutions has a positive effect on business incubation, and other types of cooperation between government-industry, industry-academia, and government-industry-academia have no significant impact on business incubation. The research conclusion can provide a policy reference for optimizing the holding mode of new R&D institutions. |
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| Keywords: | Government-industry-academia partnership Innovation orchard New R&D institutions Business incubation |
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