Novel science for industry

Published on Sep 1, 2016
· DOI :10.2139/SSRN.2710569
Reinhilde Veugelers36
Estimated H-index: 36
(Katholieke Universiteit Leuven),
Jian Wang13
Estimated H-index: 13
(Katholieke Universiteit Leuven)
Measuring novel science as publications which make new combinations of referenced journals and measuring links between science and technology by scientific references in patent applications, we explore the complex relationship between scientific novelty and technology impact. We draw on all the Thomson Reuters Web of Science journal articles published in 2001 and all the patents in PATSTAT version 201310. We find that only a small proportion (about 10%) of all scientific publications are referenced as prior art in subsequent technological inventions, but a small number of scientific papers which score on novelty (about 11%) are significantly more likely to have technological impact, particularly the 1% highly novel scientific papers. In addition to this superior direct effect, novel science also has a higher indirect technological impact, being more likely to be cited by other scientific papers which have technological impact.
  • References (30)
  • Citations (3)
📖 Papers frequently viewed together
1 Citations
1 Citations
2 Citations
78% of Scinapse members use related papers. After signing in, all features are FREE.
#1Antonio Della Malva (Katholieke Universiteit Leuven)H-Index: 5
#2Stijn Kelchtermans (Hogeschool-Universiteit Brussel)H-Index: 8
Last. Reinhilde VeugelersH-Index: 36
view all 4 authors...
This analysis contributes to the understanding of the role of basic science in generating breakthrough inventions in the pharmaceutical industry. Recognizing the within-firm heterogeneity of inventive activities, we look not only at the firm level, but also at the firm-technology level for characteristics determining breakthroughs. A key finding is that firms pursuing basic science are more likely to produce breakthrough inventions. At the same time, doing more basic science in science disciplin...
9 CitationsSource
#1Julie Callaert (Katholieke Universiteit Leuven)H-Index: 11
#2Maikel Pellens (Katholieke Universiteit Leuven)H-Index: 4
Last. Bart Van Looy (UT: University of Twente)H-Index: 28
view all 3 authors...
Scientific references in patent documents can be used as indicators signaling science-technology interactions. Whether they reflect a direct `knowledge flow' from science to technology is subject of debate. Based on 33 interviews with inventors at Belgian firms and knowledge-generating institutes active in nanotechnology, biotechnology and life sciences, we analyze the extent to which scientific references in patents reflect sources of inspiration. Our results indicate that scientific knowledge ...
24 CitationsSource
#1Julie CallaertH-Index: 11
#2Jan-Bart VervenneH-Index: 2
Last. Wouter JeurisH-Index: 1
view all 6 authors...
3 CitationsSource
#1Brian Uzzi (NU: Northwestern University)H-Index: 34
#2Satyam Mukherjee (NU: Northwestern University)H-Index: 10
Last. Benjamin F. Jones (NU: Northwestern University)H-Index: 21
view all 4 authors...
Novelty is an essential feature of creative ideas, yet the building blocks of new ideas are often embodied in existing knowledge. From this perspective, balancing atypical knowledge with conventional knowledge may be critical to the link between innovativeness and impact. Our analysis of 17.9 million papers spanning all scientific fields suggests that science follows a nearly universal pattern: The highest-impact science is primarily grounded in exceptionally conventional combinations of prior w...
302 CitationsSource
#1Reinhilde Veugelers (Catholic University of Leuven)H-Index: 36
#2Julie Callaert (Catholic University of Leuven)H-Index: 11
Last. Bart Van Looy (Catholic University of Leuven)H-Index: 28
view all 4 authors...
Relying on patent information, we map the presence and impact of universities in technological landscapes across several major countries and fields. The creation of academic technology is examined by analysing patents applied for by universities. The ‘use’ of academically owned technologies is assessed through citations from industrially owned patents towards university patents. Considering simultaneously the creation and use of academic technology allows one to assess to what extent the creatio...
13 CitationsSource
#1Julie Callaert (Katholieke Universiteit Leuven)H-Index: 11
#2Joris Grouwels (Katholieke Universiteit Leuven)H-Index: 3
Last. Bart Van Looy (Katholieke Universiteit Leuven)H-Index: 28
view all 3 authors...
Indicators based on non-patent references (NPRs) are increasingly being used for measuring and assessing science---technology interactions. But NPRs in patent documents contain noise, as not all of them can be considered `scientific'. In this article, we introduce the results of a machine-learning algorithm that allows identifying scientific references in an automated manner. Using the obtained results, we analyze indicators based on NPRs, with a focus on the difference between NPR- and scientif...
25 CitationsSource
There has been an increasing focus on the strategic role of universities in stimulating innovation and economic growth, primarily though the transfer of technology. This paper interrogates some of the key aspects of much of the conventional wisdom concerning the transfer of technology and the knowledge exchange process in general. It analyses the results from two unique surveys: a survey of the UK academic community that generated more than 22,000 responses; and a stratified survey of businesses...
92 CitationsSource
#1Ugo Finardi (National Research Council)H-Index: 7
Nanosciences and nanotechnologies are considered important for the development of science, technology and innovation, and the study of their characters can be a great help to the decisions of policy makers and of practitioners. This work is centred on the issue of the time relations between science and technology/innovation, and in particular on the speed of transfer of science-generated knowledge towards its exploitation in patenting. A methodology based on patent citations is used in order to ...
35 CitationsSource
#1Tom Magerman (Katholieke Universiteit Leuven)H-Index: 6
#2Bart Van Looy (Katholieke Universiteit Leuven)H-Index: 28
Last. Xiaoyan Song (Katholieke Universiteit Leuven)H-Index: 2
view all 3 authors...
In this study, we examine and validate the use of existing text mining techniques (based on the vector space model and latent semantic indexing) to detect similarities between patent documents and scientific publications. Clearly, experts involved in domain studies would benefit from techniques that allow similarity to be detected—and hence facilitate mapping, categorization and classification efforts. In addition, given current debates on the relevance and appropriateness of academic patenting,...
37 CitationsSource
Introduction In neoclassical trade theory the so-called primary factors of production, capital and labour, are treated as strictly national assets, assumed not to cross national borders. Technology, on the other hand, is assumed to be a transnational resource, moving freely across borders. The only fundamental difference between national systems is the difference in factor proportions, and export and import specialisation reflects nothing but such differences. One way to restate this model would...
158 CitationsSource
Cited By3
#1Iman Tahamtan (UT: University of Tennessee)H-Index: 5
#2Lutz Bornmann (MPG: Max Planck Society)H-Index: 48
Abstract Several authors have proposed that a large number of unusual combinations of cited references in a paper point to its high creative potential (or novelty). However, it is still not clear whether the number of unusual combinations can really measure the creative potential of papers. The current study addresses this question on the basis of several case studies from the field of scientometrics. We identified some landmark papers in this field. Study subjects were the corresponding authors...
12 CitationsSource
#1David Popp (SU: Syracuse University)H-Index: 31
Expansion of public energy R&D budgets continues to be a key component of climate policy. Using an original data set of both scientific articles and patents pertaining to three alternative energy technologies (biofuels, solar and wind energy), this paper provides new evidence on the flows of knowledge between university, private sector, and government research. Better understanding of the value of knowledge from these institutions can help decision makers target R&D funds where they are most lik...
10 CitationsSource
#1Maikel PellensH-Index: 4
This article documents a structural change in the production of science in the U.S. semiconductor industry over almost three decades. We observe a change in scientific productivity over time, where smaller firms publish more articles per dollar in R&D. Moreover, our results show a positive relationship between the value of intangibles and scientific publications, driven by basic research results. These effects are especially strong among Fabless 'design' firms and among firms in the post-PC era ...