Academic research and industrial innovation: An update of empirical findings
This a very short article (barely 4 pages) that provides an update to (6 years later) to Edwin Mansfield's Academic research and industrial innovation published in Research Policy 7 years previously.
It offers an estimate of the percentage of new products and processes that are the product of academic research done within the previous 15 years from the products commercialization. Although the original article had date from 1976-1985, this paper expands with data from 1986-1994 from a a sample of 77 major firms.
The results show an increase in the amount of work that is the product of academic research in thew new period. The basic results are confirmed, more than 10% of new products and processes could not have been created without major delay without academic research. The new data also shows a significant decrease in the time lag associated with the academic research and the innovations commercializing it.