Innovation efforts of the firm rarely benefit from partnering with non-business entities such as universities and government agencies.

Question

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Innovation partners may come from many sources, including research universities and the federal government. Each year, the federal government issues requests for proposals (RFPs) asking private companies for assistance in improving services or finding solutions to public problems. Universities are another type of innovation partner. Chip-maker Intel, for example, has benefited from underwriting substantial amounts of university research.

Innovation Efforts of the Firm Rarely Benefit from Partnering with Non-Business