Spin Offs activities and Technology Commercialization Policy at European Universities

Mariam Bitsadze, Eka Lekashvili

Abstract

In the modern world, the goals of higher education - the implementation of teaching and research – added economic development through the technology which is the result of university research. These are among the issues that are actively discussed by development-oriented economies today. The subject of this paper is the innovation policy of universities. Based on the case-study method, the European experience in the formation of a university spin-off company and the main features of the commercialization of university technology are analyzed. The research revealed the main measures of the innovation strategy of the universities, which promote the strong cooperation between the university, the state and the commercial sector. The results of the study can be used in the development and implementation of successful national and university innovation policies.

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