The following article analyzes phenomenon of industry-university collaboration in the global economy. The paper is embedded in the open innovation literature which is reviewed at the very beginning in order to facilitate an academic level discussion. Special emphasis is put on social and...

In the following article the author analyzes the process of innovation creation by business enterprises. Special emphasis is put on the early-stage technology development which allows to gradually transform invention into innovation. In the further part of the paper three kinds of uncertainty...