Contrary to popular belief, it is intellectual capital and university collaboration, not just lower costs, that primarily attract companies to locate R&D activities in locations away from their home country, according to the report. Among the studys more surprising findings, according to the researchers, was the role university collaboration plays in the decision-making process for locating R&D facilities.
Geography
Link
http://kauffman.org/pdf/thursby_slides_022006.pdf