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Innovation is the lifeblood of the global economy. It is what drives the advancement of better technologies, improved medicine, streamlined services and most new products and solutions. Historically, innovation has been associated with the corporate realm: large organizations that invest millions or billions in R&D to keep pace with consumer demand for new widgets and shorter product or drug lifecycles. However, with the increased acceptance of open innovation and realization you can innovate by collaborating with different stakeholders, university involvement in innovation has also increased. In fact, the academic and corporate worlds form two parts of a symbiotic whole, with the former exceling in the research and discovery phase and the latter in commercialization. Nuzzled neatly between these two is another critical stage of the lifecycle of innovation: protection, which is achieved equally by either party.

http://www.reuters.com/article/2015/09/15/idUSL1N11K16Q20150915

http://stateofinnovation.thomsonreuters.com/the-worlds-most-innovative-universities