In 1990s there has been a "boom" of extensive technology foresight studies based on the use of the Delphi method. This study examines critically e.g. national foresight studies made in Japan, Germany, the United Kingdom and Austria. The study suggests that the epistemic paradigm of the general...

The Committee for the Future in the Finnish Parliament is a unique institution with the broad remit of addressing future-related issues. Its key tasks include: the development of replies in response to the Government's account on the future; the monitoring of advances in futures studies; and the...

In this article, we review current rationales for policy intervention in innovative activities. Focusing particularly on market and system failure rationales, we disentangle related underlying mechanisms for knowledge exploration and exploitation. We provide a novel contribution to the system...

The ‘entrepreneurial university’ has become commonplace in debates about new ways of knowledge production and the changing relationships between university, industry and government. A rich literature has developed exploring outputs of such activity, most notably ‘patenting’,...

The correct definition and calculation of the free cash flows plays a crucial role in the process of valuing companies. The two main components of a valuation model, free cash flow and the costs of capital, need to be determined simultaneously. The different approaches to valuation are different...

The 'entrepreneurial university' has become commonplace in debates about new ways of knowledge production and the changing relationships between university, industry and government. A rich literature has developed exploring outputs of such activity, most notably 'patenting', 'licensing', and...