Five ways universities drive innovation

Published
September 2007 

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Five ways universities drive innovation 122 KB

Oxford University

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Universities have traditionally had three main missions: undertaking research; teaching; and transferring knowledge.

The UK's increasing need to innovate to meet the economic and social challenges of the 21st century will place further pressure on these roles, but importantly will also introduce two more - universities' international and regional missions.

Universities have traditionally had three main missions: undertaking research; teaching; and transferring knowledge. The UK's increasing need to innovate to meet the economic and social challenges of the 21st century will place further pressure on these roles, but importantly will also introduce two more - universities' international and regional missions.

However, few universities can excel in all five roles. Each must choose where to concentrate its efforts depending on its strengths and regional requirements.

Government should encourage greater interaction between universities and the wider economy and society, and ensure that research funding encourages innovation.