Many of today's best innovations – the ones that have created powerhouse companies and have transformed industries, regions and society itself – started as a discovery in a lab. Firms that know how to turn a promising discovery into a viable product gain a tremendous competitive advantage....

Universities and research centres have long been used to study management issues. A growing body of research has focused on how science can be effectively commercialized, emphasizing technology-commercialization activities, university-industry collaborations, and academic entrepreneurship. While...