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 language | English |
|---|---|
| Pages (from-to) | 302-318 |
| Number of pages | 17 |
| Journal | Asian Journal of Technology Innovation |
| Volume | 22 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 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