Since about twenty years, the theme of the innovation marks the public's policies of the European Union. In this context, on one hand, universities are incited to value the result of their research; on other hand, SMEs are encouraged to strengthen their capacity to innovate. The common sense might suggest just that these two types of organizations just have to work together remove a mutual benefit from it. Unfortunately, relationships between academic and socioeconomic world are struggling to establish themselves and remain largely focused on large companies. Studies led on collaborations universities-SMEs or on technology transfer from University towards SMEs draw up balance sheets more than very reserved. This state of fact continues in spite of the various structures of intermediation set up by the public authorities since more than a dozen years. It is therefore urgent to consider new forms of organization. In this context, this article presents an original structuring of the valuation of the research in of a university in order to answer the question.