Type Benefits
Strategic capital
  • Increases professionalism (Van der Sijde, 2012)
  • Increases academic or scientific reputation (Van der Sijde, 2012; Davey et al. 2011)
Network capital
  • Improves access to industry partners and networks (Bozeman et al., 2012; Van der Sijde, 2012; Garrett-Jones et al., 2010; D’Este & Perkmann 2011)
Cultural capital Research-related

  • Provides increased publications (Jones & Clulow, 2012; Van Looy et al., 2006; Breschi et al., 2007; Gulbrandsen & Smeby, 2005)
  • Provides sabbatical opportunities for faculty (when academic mobility) (Maggiora, 2008)
  • Exposes gaps in knowledge (D’Este & Perkmann, 2011; D’Este & Patel, 2007; Grossman et al., 2001)
  • New relevant skills and competencies (Van der Sijde, 2012)
  • Ability to test application of a theory (Carayol, 2003)
  • Increases scientific productivity measured in quality and quantity of articles (Abramo et al., 2009; Beaver, 2004; Zucker & Darby, 1996)
  • Exposure to significant interesting and relevant “real world” problems (Maggiora, 2008; D’Este & Patel, 2007; Strunz et al., 2003)
  • Provides opportunities to transfer theoretical ideas into practical projects and to implement research in the real world (Ginzburg & Houli, 2013)
  • Provides intellectual benefits (Dutrenit et al., 2010)
  • Provides inspiration for academic research (D’Este & Perkmann, 2011; Grossman et al., 2001)
  • Creates superior and more authoritative research performance measured through journal citation rate and citation lifetime (Jones & Clulow, 2012; Abramo et al., 2009; Beaver, 2004; Zucker & Darby, 1996)

Education-related

  • Informs teaching curriculum development and delivery (Van der Sijde, 2012; Lamichhane & Nath Sharma, 2010; Carayol, 2003)
  • Provides inspiration for teaching (Van der Sijde, 2012)
  • Access to presenters and supervisors for course delivery (Shahabudin, 2006)
  • Access to educational resources and state of the art training facilities such as laboratories, workshops manufacturing plants (Shahabudin, 2006)
  • Creates new workshops and seminars (Shahabudin, 2006)
Economic capital Commercialisation-related

  • Provides income / personal financial gain (Wood, 2011; D’Este & Perkmann, 2011; D’Este & Patel, 2007; The Library House, 2006)
  • Establishes business ventures or opportunities for business establishment (Shahabudin, 2006)

Access to funding

  • Provides funding for research (Wood, 2011; D’Este & Perkmann, 2011; D’Este and Patel, 2007; Carayol, 2003; Morgan & Strickland, 2001; Jankowski, 1999)

Access to in-kind resources

  • Provides access to equipment and resources (Tartari & Breschi, 2011; D’Este & Perkmann, 2011; D’Este & Patel, 2007; Carayol, 2003; Nedeva et al., 1999)

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