University Revenue, Industry-University Cooperation

This paper explores the determinants of financial reward of university through Industry-university collaboration in South Korea. We find that among the determinants of financial performances, traditional technology licensing offices and rules for developer benefits are not statistically significant, while participation of engineering faculty, patent approvals, the volume of research fund, the number of staffs, and firms in incubator within university turns out to be significant contributors to external university revenues. In the light of the findings, it appears that industry-university cooperation foundation program is likely to play a strong role in private university finances and profitability in Korea.