What affects corporate commercialization of public technology transfer in Korea?

Jae Woong Min, Young Jun Kim

Research output: Contribution to journalArticlepeer-review

12 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)302-318
Number of pages17
JournalAsian Journal of Technology Innovation
Volume22
Issue number2
DOIs
Publication statusPublished - 2014 Jul 3

Bibliographical note

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).

Keywords

  • absorptive capacity
  • corporate commercialization
  • previous partnership experience
  • public research institutions and universities
  • public technology transfer

ASJC Scopus subject areas

  • Economics and Econometrics
  • Management of Technology and Innovation

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