Summary: | In this paper we focused on developing a methodology to promote innovation through industry-university collaboration. So we analyzed two different scenarios. On one hand we have the traditional firm, that is striving to survive in the global knowledge-driven economic framework and on the other we have world class research universities that are trying to find the best way to put their knowledge in the market place, fostering spin-offs as well as promoting knowledge transfer to the traditional industry. We have analyzed the behavior of successful high-technology spin-offs, and knowledge transfer experiences worldwide. In particular, we have focused on the management paradigm of the "knowledge creating company", proposed by Nonaka [11], since it is one of the models that best describes the organizational environment in such successful experiences. Finally, we present the methodology developed as a result of this study that is currently being applied in our State University
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