“…Seldom, does literature think of universities as a system of innovation in their own right. A system of innovation is a governance arrangement in which different players -researchers, governors, managers, teachers, and departments interact to produce new products, create new productive processes as well as new arrangements that lower transaction costs of innovating (Albuquerque, Suzigan, Kruss, & Lee, 2015;Jakovljevic, 2018;Lundvall, 2007). Technical change, by its nature, is a process driven by innovation and this speaks to the need for an institutional system of innovation (Kaplan, 1999).…”