The Role of Performance Measurement in University–Industry Collaboration Projects as a Part of Managing Triple Helix Operations

As part of contemporary Triple Helix operations, universities are more and more frequently asked to collaborate with other social actors to generate knowledge that supports their innovation and development activities and to foster economic growth. In addition to research and education tasks, universities are developing formal and informal collaborations with industrial organizations to fulfill the third mission of societal effectiveness and to receive funding from research grants. These university-industry research and development projects, at the societal level and from the viewpoints of policymakers and financiers, aim to create economic growth and to support the innovation and learning capabilities of the organizations, among other benefits. One key challenge to managing these collaborative activities between universities and other societal organizations is related to measuring and evaluating them. Therefore, this study focuses on supporting the future development of evaluation and performance measurement for the operational-level activities of university–industry–government relationships. The study explores the performance measurement practices currently used by universities and financiers and intends to increase the understanding of both current performance measurement practices and the challenges regarding university–industry (UI) collaboration projects. The empirical data for this study were gathered from UI research projects in Finland. As part of the management of university–industry–government relations and Triple Helix operations, the results of this study reveal some challenges in the evaluation and measurement of the collaborative projects in the three phases explored: before the project, during the project, and after the project. The study’s results indicate that UI collaboration projects’ performance evaluation practices are based mainly on the tasks promised in the projects’ applications. Furthermore, measurements are mainly used for external-reporting purposes. To support the future development of the evaluation and performance measurement of university–industry–government relations, some propositions for overcoming these challenges are presented, and the potential implications of the findings for scholars, university members, financier representatives, and policy makers are discussed.