Study On The Mechanism And Policy Of University-Industry Collaborative Innovation

Originated from the American sub-loan crisis, the financial storm is sweeping the whole world with irresistible force like the tsunami. It hits the global virtual economy hard, its impact on the real economy even greater. The fuse of the financial crisis is the insufficient study and supervision towards the financial innovation from the U.S. government, resulting in the eventual performance of serious deficiencies in public policy, which shows a broader responsibility for public policy research.At present, China and the Communist Party have explicitly put forward the strategic objectives of taking the integration of industry-university-research institute as the breakthrough to construct an innovative nation. Under the new situation, all these are of great strategic and practical significance for the nation: to study the key elements in the process of current innovative industry-university cooperation, and to grasp the principal contradictions; to analyze the mechanism and paths of the influence from the key elements on the innovation performance, and to grasp the characteristics and laws of the development stage; to institute targeted public policy to promote the industry-university cooperation and innovation, and to improve the decision-making quality and the administrative efficiency. My study is mainly focusing on these core issues.Based on the analysis of the research background and research goals as well as the literature review on the national innovation system theory, regional innovation theory, industrial innovation system theory, and in combination with targeted regional innovation system and the advantages of globalization of the industrial innovation system, the paper identifies a meso perspective, the industrial innovation systems of the regional pillar industry, as the research perspective of the paper. On account of this perspective, three main issues are put forward: (1) Study on the key elements that have impact on the industry-university cooperation innovation performance; (2) Study on the mechanism of the industry-university cooperation to promote the innovation performance; (3) Study on the current public policy to promote the industry-university cooperation innovation.In response to the above-mentioned issues, the paper adopts the qualitative research methods combining the use of field research, in-depth interviews, literature research and case studies. In accordance with the study design, the variable design, the reliability and validity testing and the research method design specification of the empirical analysis, and based on the acquisition of large sampled questionnaire and the combination of the mathematical statistics and structural equation modeling of the quantitative analysis methods, the paper provides a basis for the institution of the public policies. The research contents and results of the paper are mainly illustrated in four parts:First of all, learning from the innovation system theory and the study results of the industry-university cooperation innovation theory, the paper identifies the six modules that influence the industry-university cooperation innovation, and determines the performance evaluation index system of the cooperation project innovation. Through case studies as well as the drawing on classic UA mode, the paper finds that the dominant design of innovation is the watershed of whether or not the cooperation could be a successful one, therefore, it puts up with the assumption of three indicators to interpret the cooperation innovation capacity, i.e., "market cooperation and innovation capacity, technological cooperation and innovation capacity and the capacity of collaboratively grasping the innovation opportunities", on which, the research framework of the paper is based.Secondly, through the four typical cases study, Juguang Technology, ShaoxingTextile Reseach Institute, Yantai Wanhua, Founder Group, the paper finds theevolution law of the cooperation innovation model in different stages. Drawing theresearch results of the cooperation model, the paper classifies the cooperation modesof different stages by two dimensions—innovation management and cooperativegovernance relations—in an exploratory manner, and four different cooperationmodes are proposed, which are finally refined into the evolution model of theIndustry-University Collaboration innovation model. And through empirical research,it is found that in the current stage, cooperation model is the key element that has ahuge impact on the project performance. The evolution model of the cooperationmodel serves as a good example that industry-university cooperation and innovationare the main road to achieve the agglomeration process of the innovation resources inenterprises as well as the enterprises' independent innovation, thus, to enrich ourcountry's independent innovation-based nation-building theory.Thirdly, based on factor analysis, regression analysis and structural equation modeling analysis, an important conclusion has been achieved: the current industry-university cooperation and innovation is primarily elements-driven. The paper finds that, under the current situation, the resources factor, the capacity factor and the cooperation mode factor of the both sides play a crucial role through the changes of the innovation capacity, thereby enhancing the innovation performance of cooperation projects and providing a research protection for the institution of appropriate public policy. Meanwhile, from the empirical analysis, the paper also finds that the management efficiency of the current cooperation and innovation is very low at the micro level, which has seriously restricted the production performance of cooperation and innovation.Finally, based on the conclusion that the current industry-university cooperation and innovation are mainly elements-driven, as well as the analysis of the status quo of the industry and the innovation policies in Zhejiang Province, the paper proposes the policy objectives and basic principles to promote the current cooperation innovation, and designs the new policy instruments for the cooperation. Finally, in view of actual situation of the adequacy of Zhejiang Industrial and civil capital, the paper creatively puts forward a specific solution of creating the risk guide fund to strengthen the resources integration capacity and to improve the resource consumption efficiency. And this has contributed to the optimization of the cooperation policy system, and the transformation and upgrading of the economy of Zhejiang Province.The study results of the paper enriches and perfects the industry-university cooperation and innovation theory, draws an important conclusion that the current cooperation and innovation are primarily elements-driven, which provides a scientifically effective theory guidance to construct targeted public policy and to enhance the public administration efficiency.