IT services firm Logica is lobbying government to set up a central register of the intellectual property (IP) of universities to help good ideas make it into commercial environments.
UK businesses are missing out on world-leading research from UK universities, simply because the communication between academia and commerce is inadequate.
At a round table discussing UK innovation, Logica UK CEO Craig Boundy said the company would write to government to suggest the creation of a resource that could be shared between businesses and universities.
"We need an effective knowledge sharing platform. It is currently far too difficult for organisations to access university research," added Craig Boundy. "We are calling on government to establish a register that allows universities to share IP."
Businesses could take the IP and support its commercialisation in partnership with universities.
Anthony Finkelstein, dean of engineering sciences at University College London (UCL), said work does need to be done to improve communication between academia and commercial organisations. "Our customer relationship management is rather poor on the whole."
Simon Clayden, chief business architect at AXA UK, said universities are difficult to navigate when it comes to establishing potential research-based relationships. "I just do not know who to contact at universities."
Similarly Richard Guy, senior strategy and operations manager at the Carbon Trust, said he found it challenging to build relationships with universities. "It is hard for industry to engage with universities."
The federated structure of universities - with departments often working in isolation - is partly to blame for this, according to attendees at the Logica roundtable event.
Research from Logica showed only 9% of UK organisations collaborate with universities for innovation. Finkelstein said, on a global scale, UK academia outperforms UK business. "UK universities perform at a level [globally] that UK companies do not," Finkelstein said.
But some important misunderstandings need to be overcome for academia and commerce to work together effectively.
Finkelstein said: "Universities and industry do not have a good understanding of costs. Businesses believe they have already paid for universities in tax and do not think they should pay again. But universities are self-funding."
Paul Watson, professor of computer science at Newcastle University, said it is vital universities keep business up to date with the skills they have. "We try and have an up to date register of IP and skills."
He said it is a two-way relationship. "Universities do not have all the expertise and there are people in business doing very interesting things."
Paul Watson said Newcastle University had a close relationship with companies including Microsoft and Red Hat, which set up a cloud research and development centre up at Newcastle University last year.