Abstract
Recently, university commercialization has drawn growing attention to the role of the university as one of the drivers to local economic growth. Majority universities and other research institutes in Malaysia has established Technology Transfer Offices (TTO) to give support and guidance to the researchers in the bid to commercialize Research and Development (R&D) activities. The issues that are faced by current researchers are progressing and adapting to the role of developing and commercialising products while having lack of business acumen that hinders success in commercialization among the researchers. The objective of this study is to create a research model for commercialization study in universities and developing questionnaire to assess the issue in a holistic view. This study reviews the role of TTO, lists of incentives from the government to the researchers and factors that impedes the researchers’ output to the commercial bench. Contextual factor, Process factors and Organizational factors lead to the successful commercialization in the research institutes. A research model for impediment in commercialization is created and questionnaire for TTO and survey for researchers, are developed to investigate on the impediment factors that hinder success in the research commercialization among universities. The in-house developed instruments are modified based on massive literatures on commercialization to stimulate strategies and improvement of units from Planning to Execution role in the TTO. On another hand, researchers in the university will be able to plan and execute their research that will deliver scientific, technological, cultural and economic developments in addressing industrial, culture and social issues.
Highlights
Commercialization of research products in Malaysia have been recognized as the initiate and acts as a catalyst for economic growth among researchers in universities (Norain et al, 2017)
This paper aims to review the factors and to develop a questionnaire to investigate the impediment factors that hinder success in the research commercialization among universities
The instruments were designed based on literature reviews and to suit with the environment of the academic institution
Summary
Commercialization of research products in Malaysia have been recognized as the initiate and acts as a catalyst for economic growth among researchers in universities (Norain et al, 2017). Several studies discovered that the academic setting in this era is focused on research and development technology innovation but it involves developing and commercializing products into the marketplaces Commercialization is a complex process and the challenges faced by the researcher have not been properly addressed. There are many technology fails to establish new ventures and most of the technology innovation ended to failure (Ford et al, 2007) to enter the marketplace and achieve continuous growth. What is the role of university technology transfer in the innovation process?. How many units and researchers were successful in inventions in the last three years, from 2017 to 2019?. What factors that can lead to success and failure in the process of commercialization?. What is the Process of Technology Commercialization before start up? What policies does the university have in place when it comes to commercialization of inventions and conflicts of interest? Process
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