Mutual Penetration between Industry and Science: The New Model of Innovation

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The focus of our research is the innovations of the existing industries where the frequent interactions with science are observed as the recent phenomena. The preliminary case studies we carried out in those industries suggest that their interactions with science are ‘localized’. In other words, the industry is interacted with science mostly through a certain area of their mutual penetration. Based on the quantitative analysis and the descriptive case studies, many interesting implications are brought out.