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http://dx.doi.org/10.6109/jkiice.2019.23.6.690

Technology Commercialization from Research Institutes to ICT-based Spin-offs  

Park, Jae-Sue (Industry-Academic Cooperation Foundation, Paichai University)
Publication Information
Journal of the Korea Institute of Information and Communication Engineering / v.23, no.6, 2019 , pp. 690-696 More about this Journal
Abstract
New companies expecting market penetration by adopting technology commercialization process could face high uncertainty and constraints. In particular, ICT-based firms that enter competitive markets must deal with more complex situations. Although in-depth research has been done to solve the problem, there is still a lack of understanding of how startups' technology commercialization process is successful. To discuss the issue, this paper presents the technology commercialization model and determinants.(policy, finance, work team, organizational culture, overcoming the difficulties etc.) the suitability of the framework. From this analysis it emerged that the sustainability of organizational capabilities is as important as the adherence to the technology commercialization process for companies. As the organizational capacity has decreased, the driving force for technology commercialization has weakened. Therefore, the technology commercialization process does not guarantee the success of the market entry but is understood as a means of market access. If the organizational capacity is not strengthened, there is no successful technology commercialization process.
Keywords
Process; Technology commercialization; Technology transfer; ICT-based spin-off; organizational capacity;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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