DOI QR코드

DOI QR Code

Development of Systematic Process for Estimating Commercialization Duration and Cost of R&D Performance

기술가치 평가를 위한 기술사업화 기간 및 비용 추정체계 개발

  • Jun, Seoung-Pyo (Technology Commercialization Analysis Center, Korea Institute of Science and Technology Information) ;
  • Choi, Daeheon (College of Business Administration, Kookmin University) ;
  • Park, Hyun-Woo (Technology Commercialization Analysis Center, Korea Institute of Science and Technology Information) ;
  • Seo, Bong-Goon (Graduate School of Business IT, Kookmin University) ;
  • Park, Do-Hyung (College of Business Administration / Graduate School of Business IT, Kookmin University)
  • 전승표 (한국과학기술정보연구원 기술사업화분석센터) ;
  • 최대헌 (국민대학교 경영대학) ;
  • 박현우 (한국과학기술정보연구원 사업기획분석실) ;
  • 서봉군 (국민대학교 BIT 전문대학원) ;
  • 박도형 (국민대학교 경영대학/비즈니스 IT 전문대학원)
  • Received : 2017.06.22
  • Accepted : 2017.06.28
  • Published : 2017.06.30

Abstract

Technology commercialization creates effective economic value by linking the company's R & D processes and outputs to the market. This technology commercialization is important in that a company can retain and maintain a sustained competitive advantage. In order for a specific technology to be commercialized, it goes through the stage of technical planning, technology research and development, and commercialization. This process involves a lot of time and money. Therefore, the duration and cost of technology commercialization are important decision information for determining the market entry strategy. In addition, it is more important information for a technology investor to rationally evaluate the technology value. In this way, it is very important to scientifically estimate the duration and cost of the technology commercialization. However, research on technology commercialization is insufficient and related methodology are lacking. In this study, we propose an evaluation model that can estimate the duration and cost of R & D technology commercialization for small and medium-sized enterprises. To accomplish this, this study collected the public data of the National Science & Technology Information Service (NTIS) and the survey data provided by the Small and Medium Business Administration. Also this study will develop the estimation model of commercialization duration and cost of R&D performance on using these data based on the market approach, one of the technology valuation methods. Specifically, this study defined the process of commercialization as consisting of development planning, development progress, and commercialization. We collected the data from the NTIS database and the survey of SMEs technical statistics of the Small and Medium Business Administration. We derived the key variables such as stage-wise R&D costs and duration, the factors of the technology itself, the factors of the technology development, and the environmental factors. At first, given data, we estimates the costs and duration in each technology readiness level (basic research, applied research, development research, prototype production, commercialization), for each industry classification. Then, we developed and verified the research model of each industry classification. The results of this study can be summarized as follows. Firstly, it is reflected in the technology valuation model and can be used to estimate the objective economic value of technology. The duration and the cost from the technology development stage to the commercialization stage is a critical factor that has a great influence on the amount of money to discount the future sales from the technology. The results of this study can contribute to more reliable technology valuation because it estimates the commercialization duration and cost scientifically based on past data. Secondly, we have verified models of various fields such as statistical model and data mining model. The statistical model helps us to find the important factors to estimate the duration and cost of technology Commercialization, and the data mining model gives us the rules or algorithms to be applied to an advanced technology valuation system. Finally, this study reaffirms the importance of commercialization costs and durations, which has not been actively studied in previous studies. The results confirm the significant factors to affect the commercialization costs and duration, furthermore the factors are different depending on industry classification. Practically, the results of this study can be reflected in the technology valuation system, which can be provided by national research institutes and R & D staff to provide sophisticated technology valuation. The relevant logic or algorithm of the research result can be implemented independently so that it can be directly reflected in the system, so researchers can use it practically immediately. In conclusion, the results of this study can be a great contribution not only to the theoretical contributions but also to the practical ones.

기술사업화는 기업의 연구개발 과정 및 결과물을 시장에 효과적으로 연계하여 경제 가치를 창출하는 것을 의미한다. 거시적인 관점에서 보면 기술사업화는 국가수준의 R&D 효과성을 강화할 수 있으며, 관련된 산업의 발전을 촉진할 수 있다. 또한, 미시적인 관점에서 보면 기업이나 개인들은 기술사업화를 통해서 경쟁우위를 확보하고, 유지할 수 있다. 특정 기술이 사업화까지 이르기 위해서는 기술 기획, 기술의 연구와 개발, 상용화 즉 시장 진출까지의 크게 세 단계를 거치는 게 일반적이며, 이런 일련의 과정은 많은 시간과 비용을 수반한다. 따라서 연구개발 착수에서 상용화까지 소요되는 기술사업화 기간과 비용은 기업 입장에서는 시장 진출 전략을 결정하는 데 중요한 의사결정 정보가 되며, 기술 투자자에게는 기술가치를 합리적으로 평가하는데 더욱 중요한 정보가 된다. 이렇게 중요한 기술사업화 소요 기간과 비용을 과학적으로 추정하는 것은 매우 중요하지만 현재까지 이런 두 가지 정보에 대한 연구는 매우 부족한 실정이며, 널리 알려진 방법론도 부재한 상황이다. 본 연구의 목적은 기술사업화 기간과 비용을 추정하는 체계를 설계하고 이를 실제 기업데이터를 활용하여 개발하는 것이다. 구체적으로 특정 기술의 기술 자체의 요인, 기술개발 주체의 역량, 외부 환경 요인의 세 관점에서 어떤 요인들이 기술사업화 기간 및 비용에 영향을 주는지 도출하고, 해당 요인들의 수준에 따라 기술사업화 기간 및 비용을 제시하는 모형을 개발하고자 한다. 본 연구의 결과는 기술을 개발하는 주체와 기술을 투자하는 주체 모두에게 유용하게 활용될 것으로 기대된다.

Keywords

References

  1. Breiman, L., J. Friedman, C. J. Stone and R. A. Olshen, Classification and regression trees, CRC press, 1984
  2. Bright. J. R., Practical technology forecasting: Concepts and Exercises, The Industrial Management Center, Austin, TX, 1978.
  3. Cooper, R. G., "Stage-gate systems: a new tool for managing new products," Business horizons, Vol.33, No.3, 44-54. https://doi.org/10.1016/0007-6813(90)90040-I
  4. Cohen, J., "Statistical power analysis. Current directions in psychological science," Vol.1, No.3(1992), 98-101.
  5. Heslop, L. A., E. McGregor and M. Griffith, "Development of a technology readiness assessment measure: The cloverleaf model of technology transfer," Journal of Technology Transfer, Vol.26, No.4(2001), 369-384. https://doi.org/10.1023/A:1011139021356
  6. Hwnag, K. Y. and E. H. Sung, "The Relationships between Technology Commercialization Competence, R&D Capacity, Innovation and Export Performance: In the Firms Introduced the Technology from Government-funded Research Institutes in Daedeok Innopolis," Journal of Korea Trade, Vol.40, No.1(2015), 285-309.
  7. Jeong, H. S., Technology Commercialization Theory and Practice, KISTI, Seoul, 2003.
  8. Jolly, V. K., Commercializing new technologies: Getting from Mind to Market, Harvard Business School Press, Boston, 1997.
  9. Jun S. P., T. E. Sung and C. San, "A Data-based Sales Forecasting Support System for New Businesses," Journal of Intelligent and Information System, Vol.23, No.1(2017), 1-22. https://doi.org/10.13088/jiis.2017.23.1.001
  10. Kim, C. H. and H. W. Park, "The Role of Technology Valuation in Technology Transfer of Universities," Journal of Korea Technology Innovation Society, Vol.16, No.3(2013), 754-783.
  11. Kokubu, A. "Technology Commercialization in International Technology Transfer", 2001, in Chung, H., Theory and Practice of Technology Commercialization, Daejeon: Korea Institute of Science and Technology Information, 2003.
  12. Kollmer, H. and M. Dowling, "Licensing as a commercialisation strategy for new technology-based firms," Research Policy, Vol.33, No.8(2004), 1141-1151. https://doi.org/10.1016/j.respol.2004.04.005
  13. Lee, D. S. and L. C. Chung, "A Study on the Effect of Technological Innovation Capability and Technology Commercialization Capability on Business Performance in SMEs of Korea," The Korean Small Business Review, Vol.32, No.1(2010), 65-87.
  14. Lim, S. M., S. G. Kim and H. W. Park, "A Study on a Conceptual Model for Technology Valuation Based on Market Approach," Journal of Korea Technology Innovation Society, Vol.18, No.1(2015), 204-231.
  15. Link, A. N., and D. S. Siegel, Innovation, entrepreneurship, and technological change, Oxford University Press. 2007
  16. Mitchell, W. and K. Singh, "Survival of Businesses Using Collaborative Relationships to Commercialize Complex Goods," Strategic Management Journal, Vol.17, No.3(1996), 169-195. https://doi.org/10.1002/(SICI)1097-0266(199603)17:3<169::AID-SMJ801>3.0.CO;2-#
  17. Park, C. G., H. S. Roh, Y. J. Choi, H. W. Kim and J. K. Lee, "A Study on the Application Methods of Big Data in the Technology Commercialization Process," The Journal of Society for e-Business Studies, Vol.19, No.4(2014), 73-99. https://doi.org/10.7838/jsebs.2014.19.4.073
  18. Park, S. C. and D. W. Yang, "The Empirical Study on Relationship between SMEs' Technology Evaluation Index and Technology Commercialization Performance," Korea Business of Business Administration, Vol.23, No.1(2010), 41-63.
  19. Park, W and H. Y. Park, "A Study on Business Ecosystem Model for Technology Commercialization: Focused on Its Application to Public R&D Commercialization," Journal of Korea Technology Innovation Society, Vol.17, No.4(2014), 786-819.
  20. Seol, S. S. and K. H. Lee, "A Study on Checklists for Technology, Market and Firm Analysis," Journal of Korea Technology Innovation Society, Vol.5, No.3(2002), 277-292.
  21. Seol, S. S., "A Theoretical Framework for the Valuation of Technology," Journal of Korea Technology Innovation Society, Vol.3, No.1(2000), 5-21.
  22. Yoon, C., "A Study on the Management System of Special Organization for University Technology Transfer and Commercialization," Journal of Korea Technology Innovation Society, Vol.4, No.4(2013), 1055-1089.