AN ANALYSIS OF EFFECTS OF UNIVERSITY INDUSTRY COLLABORATION IN R&D ON THE PATENT APPLICATIONS

Abstract

Science-technology-innovation based global competitiveness strategy is vital to achieve sustainable competitiveness for the firms and sustainable economic growth and high level welfare of the society for the countries. In this study, we investigate the effects of university industry collaboration in R&D on the patent applications. We used statistical techniques to the data for 108 countries the year 2019. It is found that there is significant difference among groups having Low-High and Medium-High level university industry collaboration in R&D for patent applications. On the other hand, it is found that there is not significant difference among groups having Low-Medium level university industry collaboration in R&D for patent applications. According to research findings, it is concluded that high level university industry collaboration in R&D is one of the most important factor affecting patentable product and services for this reason public and private sector must increase their collaboration in R&D more efficiently in order to achieve sustainable growth.