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Annotation The research community is responsible, institutionally, for creating new knowledge The transformation of that new knowledge into the production of goods and services is delegated to the business world Innovation is the result of the transformation of new knowledge in the above processes, into products and services offered in the market successfully So the innovation requires a coordinated effort of research and entrepreneurial activity Large companies have cutting edge research laboratories, small and medium enterprises it is more difficult to have research laboratories with the aim of increasing knowledge and to improve current production Therefore it is crucially important for them to find that support externally conscious and voluntary cooperation between research institutions and companies where the original wealth of knowledge produced by public research is transferred over to those who have the ability to manufacture and produce and the access to the market.
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