“…University-industry collaboration affects economic development (Xiaodi et al, 2021), innovation development (Novikova et al, 2022;Liu, 2023), countries' competitiveness Vasanicova, 2022), productivity growth of business (Medda et al, 2005;Mark et al, 2014;Šeligová & Koštuříková, 2022), innovative business performance (Cecilia et al, 2019;Costa et al, 2021;Kharchenko, 2023), financial performance (Gerard et al, 2002), and research performance (Abramo et al, 2009). It also has great socioeconomic impact (João et al, 2021) and societal effect (Cohen et al, 2023).…”