Canada and the United Kingdon: Higher Education Policy and the Knowledge Economy

Commercialization of university research is a contentious and prominent issue in tertiary education. This paper will focus on the commercialization strategies pursued by Canada and the United Kingdom with respect to their research funding structures and their focus innovation systems, both regional and national. Over the last two decades, these two countries have reduced funding for higher education while offering incentives to stimulate commercialization activities. These countries policies and programs have targeted Universities to help propel their economic performance, prosperity, and standard of living