Tiltai

Intellectual capital (IC), technology transfer and knowledge management gained a high topicality in knowledge-based economy. The aforementioned concepts emerged in a business world to show competitive advantage of enterprise in a knowledge-based economy. Identification of IC was oriented to demonstrate that enterprises are concerned with knowledge creation and not solely with financial accounting. On the contrary, IC is an organic entity of university life. However, in nowadays society universities should transform IC into competitive advantage; therefore, it is important to evaluate IC at universities using management categories. The article calls for scientific discussion that encourage understanding of IC as organization’s relationship with knowledge concept instead of fixed index. Moreover, IC concept is developed in a knowledge-based economy context, but now-days we need reconsider IC meaning in innovations context. The article aim to reveal the potential of IC to strengthen cooperation between science and business.