Universities, knowledge networks and regional policy

This paper critically reviews the structure and function of regional knowledge networks and modes of engagement between universities and the business community. It is argued that while networks between universities and the business community are growing, it is often difficult to ascribe improved regional competitiveness to developments in knowledge-based infrastructure. It is also argued that the engagement between universities and the business community must be based on an understanding of the role of both network and market-based knowledge interactions. It is concluded that the onus placed on universities to become bases of commercializable knowledge in many regions is probably too heavy.