Abstract

This chapter focuses on the role that universities can play in the contributing to regional development through multiple ways. Firstly, it builds on the theoretical grounds that explain the roles of universities as a catalyst for enhancing economic growth and social cohesion. We explore various lines and transmissions mechanisms by which such effects may occur. Secondly, the chapter analyses the various types of policy measures employed in different countries that aim to increase the positive contribution of universities to the socio-economic environment of the local and regional economy. We discuss a range of such measures, including innovation vouchers, knowledge transfer partnerships, and business incubators, in order to illustrate the different roles that universities can play. The chapter provides an up-to-date benchmarking of the current experience of regions where universities are key players in their regional strategy.