Resource-based view, agglomeration, and cluster formation models to assess innovation and technology transfer in New Zealand

Using a resource-based view, we assessed the innovation and technology transfer system in New Zealand to explore the role of innovation, as well as the strategies, structures and performance of New Zealand university and research institute technology transfer offices. While we found a broad consensus about the potential of innovation to spur economic development, we also found a wide diversity of opinion about how New Zealand should organize, coordinate and measure the progress of the national technology transfer system. We conclude that executives face high transaction costs in accessing innovation from universities and research institutes. Our findings also suggest that public-sector managers face difficult strategic choices in measuring the effectiveness of technology transfer offices.