Publish Date: 2006
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Research and development (R & D) leads to innovation, and innovation leads to technological change. Technological change, in turn, is the primary driver of economic growth. Public/private partnerships -- cooperative relationships among industry, government, and/or universities -- leverage the efficiency of R & D and are thus a critical aspect of a nation’s innovation system.The first chapter introduces the concept of public/private research partnerships along with other concepts fundamental to an understanding of innovation and technology policy.