We are all familiar with the traditional “ funnel” model of technology transfer. On paper, this model looksdeceptively simple. The funnel starts with identifying as many inventions and technologies as possible, securing them means of patenting and then licensing them out to existing companies, or even better, new spin-off companies.
This simplistic technology push model still forms the basis of many regional development and innovation programmes throughout Europe. Many regional policy makers consider inventions, patents and especially spin-offs the essential contributions of universities in any regional economic development program.