The Lambert Review of Business-University Collaboration was a report published by Her Majesty's Treasury in the United Kingdom

United Kingdom

The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

 in 2003, which made "a series of recommendations aimed at smoothing out the path between Britain’s strong science base and the business

Business

A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...

 community" [HM Treasury 2003a]. The Lambeth Review concluded that the British dual support system acts as a disincentive to business-university

University

A university is an institution of higher education and research, which grants academic degrees in a variety of subjects. A university is an organisation that provides both undergraduate education and postgraduate education...

 collaboration [HM Treasury 2003, p5] and that the biggest single challenge for knowledge transfer

Knowledge transfer

Knowledge transfer in the fields of organizational development and organizational learning is the practical problem of transferring knowledge from one part of the organization to another part of the organization. Like Knowledge Management, Knowledge transfer seeks to organize, create, capture or...

 is in boosting the demand for research from non-academic communities, rather in increasing the supply of ideas and services from universities [p10].

The Treasury advised that:

• the best form of knowledge transfer comes when a talented researcher moves out of the university and into business, or vice versa. [p12]
• the most exciting collaborations arise as a result of like-minded people getting together – sometimes by chance – to address a problem. [p12]
• encouraging academics and business people to spend more time together should be a high priority for knowledge transfer professionals. [p12]
• the innovation
  Innovation
  Innovation is the creation of better or more effective products, processes, technologies, or ideas that are accepted by markets, governments, and society...
  
   process is non-linear, so knowledge transfer is not simply a question of channeling clever ideas from researcher
  Researcher
  A researcher is somebody who performs research, the search for knowledge or in general any systematic investigation to establish facts. Researchers can work in academic, industrial, government, or private institutions.-Examples of research institutions:...
  
  s down a production line
  Production line
  A production line is a set of sequential operations established in a factory whereby materials are put through a refining process to produce an end-product that is suitable for onward consumption; or components are assembled to make a finished article....
  
   into commercialisation. "Great ideas emerge out of all kinds of feedback
  Feedback
  Feedback describes the situation when output from an event or phenomenon in the past will influence an occurrence or occurrences of the same Feedback describes the situation when output from (or information about the result of) an event or phenomenon in the past will influence an occurrence or...
  
   loops, development activities and sheer chance. This is another reason why it is so critical to build dynamic networks between academic researchers and their business counterparts." [p12]
• diversity is good, both in mission and in funding. "The type of business collaboration that would make sense for one kind of university might be either impossible or irrelevant for another." [p13]
• proximity matters when it comes to business collaboration. [p13]
• "business-university collaborations need careful and consistent management
  Management
  Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
  
   by both sides, and a number of joint programmes have failed for lack of such attention". [p13]
• an emphasis on knowledge transfer requires institutions to put in place new mechanisms for establishing institutional priorities. [p13]
• universities are more complex to manage than businesses, with a variety of different stakeholders – academics, students, and funders. [p13]
• that the large number of pots of ring-fenced financing is 'the source of endless unnecessary frustration'. [p13]