Industrial and Corporate Change, 2019, 1–19 doi: 10.1093/icc/dtz038 Original article Downloaded from https://academic.oup.com/icc/advance-article-abstract/doi/10.1093/icc/dtz038/5526923 by Loyola Marymount University user on 08 July 2019 Universities and innovation ecosystems: a dynamic capabilities perspective Sohvi Heaton,1,* Donald S. Siegel,2 and David J. Teece3 1College of Business, Loyola Marymount University, Los Angeles, CA 90045-2659, USA. e-mail:
[email protected], 2School of Public Affairs, Arizona State University, Phoenix, AZ 85004-0687, USA. e-mail:
[email protected] and 3Institute for Business Innovation, Haas School of Business, U.C. Berkeley, Berkeley, CA 94720-1234, USA. e-mail:
[email protected] *Main author for correspondence. Abstract Universities play an important role in innovation ecosystems. In addition to developing human capital and advancing technology, they are increasingly expected to participate as economic development partners with industry and local, state, and national governments. Models such as the “Triple Helix” have been advanced to frame the assessment of interactions among academia, industry, and govern- ments that may foster economic development. Such models highlight the boundary-spanning roles of universities and provide a predetermined list of actions universities could take to strengthen their eco- system. Unfortunately, the flexible and entrepreneurial management of universities required to make this model work has virtually been ignored in the academic literature. We propose the dynamic capa- bilities framework to guide how universities might manage their innovation ecosystems. We use this framework to analyze the role of the university throughout the ecosystem lifecycle.