Authors: Sami Al Kharusi; Mahmood Al Kindi
Addresses: Economics and Finance Department, Sultan Qaboos University, Oman ' Mechanical and Industrial Engineering Department, Sultan Qaboos University, Oman
Abstract: National governments have recognised the important role played by higher education institutions in the diversification of their economy through innovation. Universities and colleges are playing a crucial role not only in their traditional mean of serving the country (teaching, research and community services) but also through innovation. Universities are playing a critical role in the development of hi-tech products and services; generation of new knowledge and the spin-off of a new business venture. Universities innovation model should incorporate the national innovation framework, society, regulation, culture and business for a successful transformation of knowledge into a useful products and services that will give a nation an edge over competition.
Keywords: innovation model; universities; innovation policy; academic innovation programs.
International Journal of Business Innovation and Research, 2018 Vol.17 No.3, pp.293 - 303
Received: 17 Oct 2016
Accepted: 03 Aug 2017
Published online: 28 Sep 2018 *