University technology transfer and the evolution of regional specialization: the case of Turin

The paper is aimed at obtaining a better understanding of the role played by universities in the technological development and specialization of the territories in which they are located. Our methodology adopts both quantitative and qualitative techniques. First, we provide evidence of the interplay between the technological specialization of universities and the evolution of the technological trajectories of firms located in Italian NUTS3 regions. We also propose an original taxonomy of university-region technological evolution processes that leads to the identification of four possible models and reveals substantial heterogeneity in university-region specialization processes. Finally, we analyze the underlying mechanisms of university technology transfer activities in more detail, by using the Politecnico di Torino as a single case study. The case examines how the university has changed its strategy by modifying the mix of exploitation and exploration strategies to continue increasing the technological proximity with the local ecosystem under conditions of rapid and radical change. Our work offers important implications for both regional technology policies and the management of universities.