University 3.0: A Portfolio Approach to the Technology R&D Management

Dmitry Katalevsky, Natalia Kosmodemianskaya, Arutyun Arutynyan, Clement Fortin

Research output: Contribution to journalArticlepeer-review

Abstract

Modern universities play increasingly important role in contemporary society, advancing frontiers of science and transforming regional economies. As funding models of modern universities change, they adopt some features of a business organization. While their ability to attract funding becomes vitally important for universities, especially from private sources (industry), a balance between fundamental and applied research becomes vital. The current research investigates five years of activities of the Skolkovo Institute of Science and Technology (Skoltech) and particularly its research portfolio. It is based on the theory and practice of the Research Domain Portfolio Matrix (RDPM) approach, which considers a university a portfolio of R&D technologies in diverse scientific areas and at various stages of technological maturity. It is of utmost importance for universities to find a balance between basic and applied research while making decisions on launching new projects/programs or modifying the existing projects/ programs. The proposed RDPM approach helps to leverage limited resources, establish priorities, monitor risks, and influence outcomes in the short and long term.

Original languageEnglish
Pages (from-to)15-30
Number of pages16
JournalForesight and STI Governance
Volume16
Issue number2
DOIs
Publication statusPublished - 2022

Keywords

  • basic and applied research
  • industrial funding
  • R&D technology portfolio
  • research domain portfolio matrix
  • technology management

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