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INTELLECTUAL CAPITAL WITHIN UNIVERSITIES AND RESEARCH CENTERS

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Increasing cooperation between university and industry. ... Specialisation: Sciences or Humanities? Seniority of the TTO. Organic dependence. University size ... – PowerPoint PPT presentation

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Title: INTELLECTUAL CAPITAL WITHIN UNIVERSITIES AND RESEARCH CENTERS


1
INTELLECTUAL CAPITAL WITHIN UNIVERSITIES AND
RESEARCH CENTERS
  • Rocío Castrillo
  • 2nd year Ph.D. in Economics and Innovation
    Management
  • Madrid Autonomous University

2
INDEX
CURRENT SITUATION
  • Intellectual Capital Basic concepts.
  • The role of Universities in the Knowledge-based
    Economy.
  • Why Intellectual Capital Approaches in
    Universities?
  • The OEU Project for management of IC in
    Universities.
  • The ICU Report An approach for disclosure of IC
    in Universities.
  • Ways forward Focus on Relational Capital and
    Knowledge transfer.

LOOKING FOR SOLUTIONS
3
CURRENT SITUATIONFLOW OF THE PRESENTATION
  • Knowledge-based economy, Bologna process What is
    the current situation? What is the role that
    universities are supposed to play?
  • What are the challenges that universities face?
    Why can Intellectual Capital approaches be
    useful?
  • Is the management of intangibles feasible in
    universities? Companies and universities are
    they facing the same problems?
  • Starting Hypothesis
  • New tools for management, valuation and reporting
    are required

4
1. INTELLECTUAL CAPITAL BASIC CONCEPTS
HIDDEN VALUE
MARKET VALUE
BOOK VALUE
COMPANY
Fortune 500, 28th April 1998 (in Elena, 2002)
5
1. INTELLECTUAL CAPITAL BASIC CONCEPTS
  • The combination of intangible resources and
    activities that allows an organisation to
    transform a bundle of material, financial and
    human resources in a system capable of creating
    stakeholder value (European Union, forthcoming,
    p. 4).

6
1. INTELLECTUAL CAPITAL BASIC CONCEPTS
  • Teece, 2002 Tacit knowledge and intangibles
    left as fundamental sources of competitive
    advantage (p. 4).
  • Lev, 2005 The rate of investments in
    intangibles will soon surpass that of physical
    investments (p. 299).
  • OECD, 2006 The contribution of unmeasured
    intellectual capital to economic growth was
    10-11 of gross domestic product (GDP) in the
    United States over the period 1995-2003,
    rivalling the contribution of tangible capital,
    and both types of capital contributed equally to
    labour productivity growth in those years (p.11).

7
2. THE ROLE OF UNIVERSITIES IN THE
KNOWLEDGE-BASED ECONOMY
  • Business practices in universities
  • Competition
  • Accountability
  • Transparency
  • Quality control

8
2. THE ROLE OF UNIVERSITIES IN THE
KNOWLEDGE-BASED ECONOMY
  • Increasing number of for-profit research
    organizations.
  • Increasing autonomy of universities together with
    an increasing demand of transparency.
  • Increasing cooperation between university and
    industry.

New tools for management and measurement are
required
9
3. WHY INTELLECTUAL CAPITAL APPROACHES IN
UNIVERSITIES?
EUROPEAN COMMISSION RECOMMENDATIONS
  • In December 2004 the D.G. Research set up a
    High-Level Expert Group the result was the
    RICARDIS document.
  • The goal of the RICARDIS document was to look for
    ways to promote the use of IC Reporting, under
    the assumption that this will increase RD
    activities.
  • By doing so, the Expert Group has also taken into
    consideration the relationship between SMEs and
    Universities and the need of these latter
    institutions to report on their Intellectual
    Capital.

10
3. WHY INTELLECTUAL CAPITAL APPROACHES IN
UNIVERSITIES?
  • RICARDIS Functions of Intellectual Capital
    Reports
  • Internal function management tool to help
    develop and allocate resources.
  • External function communication device to the
    institutions environment that can be used to
    attract resources.

11
LOOKING FOR SOLUTIONS
INTELLECTUAL CAPITAL APPROACHES
THE ROLE OF UNIVERSITIES IN THE KNOWLEDGE-BASED
ECONOMY
HYPOTHESIS CONTRASTED AN INTELLECTUAL CAPITAL
MODEL FOR UNIVERSITIES HAS BECOME CRUCIAL IN THE
KNOWLEDGE-BASED SOCIETY
THE OEU PROJECT FOR MANAGEMENT
THE ICU REPORT FOR DISCLOSURE
12
4. THE OEU PROJECT
  • Project developed within the PRIME Network of
    Excellence, and supported by the VI Framework
    Programme. Created in June 2004.
  • Participants Fifteen universities and research
    institutes from eight different European
    countries
  • Overall objective to provide universities and
    research centres with the necessary tools and
    instruments for the governance of research
    activities.

13
4. THE OEU PROJECTThe Strategic Matrix
Source Observatory of European Universities
(2005)
14
5. THE ICU REPORT
  • Closing chapter of the OEU Methodological Guide.
    Recommendations about disclosure of Intellectual
    Capital information.
  • 43 indicators selected from the 141 of the OEU
    Strategic Matrix, attending the MERITUM
    characteristics of indicators.

Source MERITUM (2002)
15
5. THE ICU REPORT
ORGANISATION OF THE REPORT
  • Section 1. Vision of the institution.
  • Section 2. Summary of intangible resources and
    activities.
  • Section 3. A system of indicators for the
    intangible resources and activities (grouped by
    the IC categories).

16
5. THE ICU REPORT
METHODOLOGY
  • These indicators are currently being tested at
    the Madrid Autonomous University attending two
    criteria perceived usefulness and willingness to
    disclose. First results are very positive.
  • These indicators were sent to be tested among the
    15 OEU universities, but there are not results so
    far.

17
6. WAYS FORWARD
RELATIONAL CAPITAL IN UNIVERSITIES
  • Many names Third Mission, university-industry
    relationships, knowledge transfer, dissemination
    of knowledge
  • Situation the knowledge transfer between
    universities and firms are now considered a
    critical mean to foster innovation (European
    Commission, OECD)
  • New literature supporting a new way to think
    inside universities The entrepreneurial
    university, the managerial university.

18
6. WAYS FORWARD
RELATIONAL CAPITAL IN UNIVERSITIES
  • Hypothesis 1 university-industry relationships
    are only partially measured by the Transfer of
    Technology Offices
  • Not everything is technology
  • No management is possible without a prior
    understanding of the situation (through
    measurement).

PROPOSAL CV ANALYSIS
19
6. WAYS FORWARD
BOZEMANS MODEL OF TECHNOLOGY TRANSFER
Bozeman, B. (2000). Technology Transfer and
public policy a review of research and theory.
Research Policy 29, pp. 627-655
20
6. WAYS FORWARD
RELATIONAL CAPITAL IN UNIVERSITIES
  • Hypothesis 2 The transfer of knowledge process.
    Assessment of the Bozemans model.
  • Can it be applied to the Spanish framework?
  • Can it be applied to knowledge transfer? Focus
    on the other things rather than technology.
    Does this transfer have the same five Bozemans
    dimensions?

21
6. WAYS FORWARD
Measuring efficiency of the TTOs in Spain
OUTPUTS Number of research contracts. Number of
patents and/or licenses. Number of Spin-offs.
INPUTS Funding Personnel
ACTIVITIES Effort of encouraging faculty members
to disclose inventions Organisation of
events Acting as a bridge between researchers and
companies selling the invention Legal support
EXTERNAL FACTORS Density of innovative companies
in the influence area Specialisation Sciences or
Humanities? Seniority of the TTO Organic
dependence University size University ownership
22
6. WAYS FORWARD
RELATIONAL CAPITAL IN UNIVERSITIES
  • This study will be only a first approach to the
    topic KNOWLEDGE TRANSFER.
  • Measurable outputs?
  • My view Only possible through interviews
    qualitative information.

23
INTELLECTUAL CAPITAL WITHIN UNIVERSITIES AND
RESEARCH CENTERS
  • Rocío Castrillo
  • 2nd year Ph.D. in Economics and Innovation
    Management
  • Madrid Autonomous University
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