“…By contrast, recent studies show that firms often search for high-quality, geographically distant universities that can solve their innovation problems (D'Este & Iammarino, 2010;De Fuentes & Dutrénit, 2014;Laursen et al, 2011;Muscio, 2013). Thus, although geographical proximity is one factor that determines whether a firm will collaborate with academic partners in order to benefit from enhanced interactive learning through co-location, other factors may influence a firm's decision to collaborate with a certain university since the firm may require a broad set of academic capabilities to help solve its innovation problems (Bishop, D'Este, & Neely, 2011;D'Este et al, 2013).…”