TY - JOUR
T1 - What affects corporate commercialization of public technology transfer in Korea?
AU - Min, Jae Woong
AU - Kim, Young Jun
N1 - Funding Information:
This work was supported by the National Research Foundation of Korea Grant funded by the Korean Government (NRF-2014S1A5A8016815). We are grateful to the three anonymous referees and the editors of the journal for their helpful comments and suggestions. Any remaining errors are our responsibility.
Funding Information:
3. ‘Connect Korea Support Project’ was jointly planned by the former Ministry of Knowledge Economy and the former Ministry of Education, Science, and Technology for strengthening the TLO organiz-ation’s capacity.
Publisher Copyright:
© 2014 Korean Society for Innovation Management and Economics (KOSIME).
PY - 2014/7/3
Y1 - 2014/7/3
N2 - This study investigates the potential factors that might affect the successful corporate commercialization in public technology transfer (PTT), i.e. technology transfer from non-profit public research institutions and universities (PRI&U) to private companies. The empirical analyses are done with the help of unique data sets prepared by the Korean government agency. The important explanatory factors relate to PRI&U researcher's additional support after the technology transfer, the potential absorptive capacity of the company, and the company's previous R&D partnership experience with the same PRI&U. PRI&U's technology transfer performance and involvement of a technology transfer intermediary, however, do not enhance the propensity of transferred technologies’ commercialization success. In conclusion, we draw some policy implications regarding PTT practices in Korea.
AB - This study investigates the potential factors that might affect the successful corporate commercialization in public technology transfer (PTT), i.e. technology transfer from non-profit public research institutions and universities (PRI&U) to private companies. The empirical analyses are done with the help of unique data sets prepared by the Korean government agency. The important explanatory factors relate to PRI&U researcher's additional support after the technology transfer, the potential absorptive capacity of the company, and the company's previous R&D partnership experience with the same PRI&U. PRI&U's technology transfer performance and involvement of a technology transfer intermediary, however, do not enhance the propensity of transferred technologies’ commercialization success. In conclusion, we draw some policy implications regarding PTT practices in Korea.
KW - absorptive capacity
KW - corporate commercialization
KW - previous partnership experience
KW - public research institutions and universities
KW - public technology transfer
UR - http://www.scopus.com/inward/record.url?scp=84919873642&partnerID=8YFLogxK
U2 - 10.1080/19761597.2014.956858
DO - 10.1080/19761597.2014.956858
M3 - Article
AN - SCOPUS:84919873642
SN - 1976-1597
VL - 22
SP - 302
EP - 318
JO - Asian Journal of Technology Innovation
JF - Asian Journal of Technology Innovation
IS - 2
ER -