The key goal of Alexander Innovation Zone is aiding and encouraging research activities by companies. Although AIZ is not a research institution, it nevertheless implements actions that enhance the Transfer of Technology (TOT) from the institutional donor (e.g. university, research center) to the recipient institution (enterprise).
Significance
These mechanisms for businesses are considered significant as they constitute a fast and relatively low-cost technology acquisition mechanism that is very critical, especially for small and medium-sized enterprises that base their competitive advantage on innovation.
Research Synergies
Many studies have shown that the development of research synergies between companies and research organizations is particularly enhanced when there is a natural proximity to the workplaces of the respective groups. Hosting R&D departments in the same physical space accelerates, facilitates and ultimately optimizes technology transfer mechanisms, leading to competitive products.
