Towards an Entrepreneurial Model of University: Issues and Challenges in Managing Intellectual Property (IP) and Its Commercialization (C)

Abstract

There are a number of procedures required by researchers to undergo before the outcome of their research products known as intellectual properties (IP) can get to the market for economic values. In this volume, researchers examine the interrelationships among these procedures, policy issues and communication flow with commercialization experienced by researchers in selected Malaysian higher institutions of learning that engaged in IP and commercialization. Methodologically, the study has been approached from quantitative perspective using questionnaire. The results from the study have shown that a positive significant relationship exists between the IP-Commercialization procedures and internal critical success factors (CSFI) towards successful commercialization of the IP products at the centres with beta values of 0.564, p<0.001. A similar significant positive relationship exists between the causal link of IP and commercialization procedures and external critical success factors (CSFE) with beta coefficient values of 0.429, p<0.001. In addition, both CSFI and CSFE have significant impact on communication flow related to IP and commercialization of research products with a beta value of 0.264 and 0.317, p<0.001 respectively. Furthermore, the path coefficients between policy issues in IP and commercialization of products has shown a significant impact on communication flow and actual commercialization of the intellectual products experienced by respondents with high beta value of 0.256 and 0.343, p<0.001 respectively. The same similar positive causal link can be inferred between communication flow and the commercialization of the intellectual products experienced by respondents with a beta value of 0.229, p<0.001. In addition, hypotheses H1, H2, H3, H4, H5, H6 and H7 in the study are supported with an alpha-value less than 0.001 respectively. It is hoped that due attention would be paid to all the recommendation put forward in this study for better enhancement of IP and commercialization of research products at universities.