Transforming Knowledge into Wealth in a New Zealand Research University

Abstract

This paper describes how New Zealand's leading research university, the University of Auckland, dealt with the issue of transforming knowledge into wealth using a ‘whole of institution’ approach. The context of New Zealand's growth and innovation initiatives is outlined and the University of Auckland's engagement with and institutional response to these initiatives are discussed. The initiatives include the joint government–private-sector funding of a ‘partnership for excellence’ programme; programmes to create a culture of enterprise, innovation and entrepreneurship; the use of entrepreneurs-in-residence; the development of new boundary-spanning structures and organizations; the melding of new approaches with existing technology transfer structures; and the creation of new networks. Key lessons learned throughout the process are described.