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http://dx.doi.org/10.5762/KAIS.2021.22.6.197

A Study on the Effect of Technology Readiness Level and Commercialization Activities on the Success of Technology Commercialization: Focusing on Public Technology  

Shin, Yoonmi (The Commercializations Promotion Agency for R&D Outcomes)
Bong, Kang Ho (Department of Management of Technology, Konkuk University)
Park, Jaemin (Department of Management of Technology, Konkuk University)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.22, no.6, 2021 , pp. 197-206 More about this Journal
Abstract
There is growing interest in the function and role of public research institutes as "entrepreneurial actors" that can contribute to industrial development by commercializing excellent research outputs. On the other hand, their performance in the commercialization phase is insufficient because of the insufficient technological technology readiness level or repeatability. This study conducted probit model analysis to examine the effect of the technology readiness level and commercialization activities on the success of technology commercialization. The results showed that the possibility of success in technology commercialization increased with increasing TRL at the time of acquisition. In addition, the difference between the TRL at the time of acquisition and the current TRL (TRL Gap) does not affect technology commercialization on its own. It generates additional effects in conjunction with the TRL at the time of acquisition. Finally, the results show that technology commercialization is most likely to succeed if technology with a TRL 4-6 level is improved to TRL 9 level through a marginal effect estimation.
Keywords
Technology Commercialization; Technology Readiness levels; Public Technology; Technological Innovation; Probit Model;
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