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The commercialization of academic knowledge is increasingly seen as a potential economic development model, particularly for improving the capabilities and economic performance of regions. This insightful volume investigates the emerging factors in knowledge commercialization from an international perspective and highlights the research agenda and the challenges for academia, industry and government. While focusing especially on the new role of universities in regional economic development, the book addresses 'knowledge commercialization' in the US, 'knowledge valorization' in Europe and technology transfer dynamics in China. It also provides a forum for discussion of whether, why, and how the commercialization of knowledge can lead to higher levels of innovation and economic development.