“…Universities and research institutions in particular are accumulators of specific knowledge, and firms that work together with universities can improve their knowledge base and thereby increase their innovation performance. More specifically, various studies have shown that, when they work together with universities, SMEs can benefit from increasing their access to useful knowledge and skilled graduates and increase their technological problem-solving capacity (Cohen and Levinthal, 1990;Salter and Martin, 2001;Azagra-Caro et al, 2006;Kodama, 2008) and innovative capability (Kaufmann and Tödtling, 2001;Balconi and Laboranti, 2006). Although these studies suggest that having an innovation-based strategy and being linked to universities will improve firm performance, other researchers found inconclusive evidence with regard to the existence of such a causal connection (for example, Capon et al, 1990;Lee et al, 2001;Song et al, 2008), which may be due to the complex, systemic, context-related, tacit and non-codified nature of innovation (Autio, 1997) and of the knowledge that is transferred from universities to SMEs (Agrawal, 2006), which often requires more detail than can be obtained through traditional publications such as conferences, journals and patents (Mowery et al, 1996;Almeida and Kogut, 1999;Owen-Smith and Powell, 2003).…”