Enhancing University Innovation Through Industrial Symbiosis

In the context of global changes and the transition to a Green Economy, there has been a lack of emphasis in scientific literature to the management of project innovation activities at universities, particularly in collaboration with business and the government. This gap continues despite international experiences that indicate the benefits of industrial symbiosis for regional economic growth, including socioeconomic and environmental issues. The study focuses on the underexplored management of university project innovation activities in collaboration with businesses and the state as the world shifts toward a Green Economy, highlighting the successful use of industrial symbiosis in other countries to boost regional socioeconomic and environmental development. Current engagement channels are insufficient to facilitate the integration of academic ideas into industry throughout the transition to a circular economy. This study intends to establish novel management mechanisms for university innovation activities based on industry symbiosis, as well as optimum collaboration ways for project initiation and implementation. The authors offer successful implementation techniques, such as project formation and realization through partnership with corporations and government bodies, as well as the involvement of bright youngsters. By developing zones of industrial symbiosis and other cooperative ventures, the research hopes to position universities as crucial to building symbiotic chains, eventually boosting university innovation infrastructure efficiency and fostering sustainable regional development. Received: 30 April 2024 | Revised: 19 August 2024 | Accepted: 22 August 2024 Conflicts of Interest The authors declare that they have no conflicts of interest to this work. Data Availability Statement The data generated or analyzed during this study are included in this published article. Author Contribution Statement Daria Y. Mironova: Conceptualization, Methodology, Formal analysis, Writing - original draft, Project administration. Evgeniya A. Pashkova: Validation, Visualization. Alexander G. Budrin: Methodology, Writing - review & editing. Igor V. Baranov: Methodology, Data curation, Writing - review & editing. Vijayakumar Varadarajan: Methodology, Formal analysis, Supervision. Stephen Afrifa: Investigation, Project administration.