Oct
24
2001
One of the most promising fields where "industry-science relationship" policy interventions are best able to respond to the modern view of innovation, is in the promotion of linkages through the "human resources mobility" channel. First, because a large part of knowledge is embodied in human beings and therefore cannot really be transferred without the movement of people themselves. Second, because the key asset in innovative companies in the knowledge economy, is its human capital: innovation will only flourish if the firm’s personnel is well qualified, skilled and innovation-oriented. And third, because companies do not innovate in isolation : increasing inward and outward personnel flows is one major way to foster the openness of European firms. The frontiers between "fundamental research" in public research organizations and “applied research” carried out in firms laboratories becomes increasingly irrelevant and it is being recognized that the successful combination of knowledge (and not only the use of R&D and technology), wherever its source, is the key for innovation.