An Analysis and Improvement Strategy of the Technology Transfer Efficiency for Public Research Institutes

Abstract

Public research institutes take major role in creating breakthrough technology development but most cases, fail to successfully commercialize it. This is very critical symptom in Korea where the government R&D expenditure is among top in the world, but its money value of commercialization is very low. In this study, we studied all Korean public research institutes to evaluate the efficiency of their technology development and technology transfer, showing the wide gap of two activities. In order to properly measure the efficiency, we make full use of input and output variables such as research/TLO human resources and expense, and research outputs such as patents and royalty revenue. In summary, we show that, in order to efficiently manage government-supported R&D, it is necessary to maximize the efficiency both for technology development and technology transfer of public research institutes.