This brief is about changing expectations on publicly-funded university researchers to contribute to socio-economic goals primarily through commercialisation, such as the creation of spin-out companies. Based on our research in the UK and Finland we argue that this kind of...

An important prerequisite for the renewal of Finland’s industrial and economic base is the ability of the universities to promote the renewal of the knowledge base. The UNI project studied ways in which changes in external funding mechanisms and recent governance changes in Finnish...

Although there is no single European way of doing research evaluation, it has been going on since the 1970s, importantly supported by the European Community. Trends include: evaluating socio-economic impacts, commenting on the importance and appropriateness of the evaluated activities, modified...

Citations have been increasingly used in research evaluation in recent years. This paper assesses citations as a measure of performance by comparing them with peer judgment. It considers the differences of these two methods, and pays attention to some factors other than quality which potentially...

The paper reports an empirical study on the overall importance and non-financial value-added provided by Venture Capital (VC) investors to their investee firms in biotechnology. The study compares the characteristics of firms that have obtained VC funding with those of firms that have not....

This study focuses on the non-financial value-added Venture Capital (VC) investors bring to their portfolio companies, especially when these represent early-stage, high-technology and high-growth companies. The study draws attention to the extent and nature of non-financial value-added and...