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1. The focus is on private foundations, which are engaged in advancing science, technology, and the humanities. In this context the Volkswagen Foundationis a prominent example for Germany. 2. Accordingly, the paper does not look at the management within firms , but at the systemic level of innovation management. Though innovation has a broadermeaning, including also economic, social, and political aspects. research and higher education are central arenas and factors of change. 3. Contemporary research and higher education are confronted with new challenges, which require new responses and new forms of innovation management: science and technology has become an integral part of the knowledge- based society; the boundaries between basic and applied research are vanishing, problem --oriented research is increasing, as a consequence the demand for inter --and
1. The focus is on private foundations, which are engaged in advancing science, technology, and the humanities. In this context the Volkswagen Foundationis a prominent example for Germany. at the systemic level of innovation management. Though innovation has a broader format, including also economic, social, and political aspects. research and higher education are central arenas and factors of change. 3. Contemporary research and higher education are confronted with new challenges, which require new responses and new forms of innovation management: science and technology has become an integral part of the knowledge-based society; the boundaries between basic and applied research are vanishing, problem - oriented research is increasing, as a consequence the demand for inter --and