• Journal of Intelligence and Information Systems
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• v.23 no.2
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• pp.139-160
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• 2017

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.

• Asian Journal of Innovation and Policy
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• v.9 no.3
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• pp.257-280
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• 2020

The study analyzed the effectiveness of a technology transfer and commercialization support program to Korean technology transfer offices and firms. The study created a logic model to design a questionnaire to analyze how the support program, directly and indirectly, affected the technology transfer offices and the firms' performances. The study found that technology transfer offices are focused not only on potential firms' excavation activity to process the technology transfer but also on providing strategic support to provide practical assistance to the firms' needs. Not only has the number of technology transfer cases increased during the two-year program duration, but other activities, such as technical guidance and various strategic consulting for commercialization of the transferred technology, have also appeared to have increased considerably. Support program has helped strengthen the firms' internal capabilities, expand new market capabilities, and increase the firms' indirect performances.

• Journal of Technology Innovation
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• v.14 no.2
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• pp.93-116
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• 2006

The purpose of this study is to contribute reference material that provides insight into innovative process management that increases R&D output in commercializing new products. A model of a process from research to commercialization with the cumulative profit and loss curve is put forward and hypotheses related to success and failure are developed at the stages up to product launch. Seventeen large projects that have resulted in successful product launches have been examined from the initial research stage to commercialization. Prefect duration, standardized cumulative R&D expenditures and research resource concentration are analyzed in terms of statistical method and patterns in cumulative profit and loss curves after product sales, as well as the reasons for and other aspects of success/failure are investigated and analyzed. Consequently, valuable information on future management tasks has been obtained such as: (1) project duration differs depending on market sectors, product types and presence/absence of materials research (2) cumulative profit and loss curves can be categorized into four patterns (3) reasons for failure can be divided into technological and market problem categories and (4) these factors have an impact on product sales.

• Journal of Technology Innovation
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• v.2 no.1
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• pp.219-241
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• 1994

This paper presents the results of an empirical study on the relationship between the type of new product idea sources and the rate of success of new product development and commercialization in Korean industries. The sample was taken from various Korean industries including telecommunication, electronics, chemical, machinery, textile, etc. and composed of 45 failure and 73 success cases. The findings are not much different from those of previous studies done in the developed countries, but show some typical characteristics of new product development activities and the idea sources, information acquisition methods, type of information , incentives for idea generation, etc. of the firms in developing country like Korea. Especially the survival rate curve and the accumulative investment curve from the idea generation to commercialization phase show a little different behavior from the previous study, which also reflect the manpower, duration of each phase of the new product development process in the Korean firms.

• Journal of Technology Innovation
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• v.8 no.2
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• pp.119-143
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• 2000

The main objective of this study is to test hypotheses by empirical study on the technology transfer from a national institute to small and medium sized enterprises(SMEs) in the Korean electronic devices industry. The important findings of the study are as follows: First, the success of the technology transfer from national institute to SMEs depends on the character of the project manager such as research experience and academic degree level. Second, the success of the technology transfer is related to the nature of the research project, especially to the technology life cycle stage but insignificantly to the amount of R&D fund and duration. Third, another success factor for technology transfer is the joint technology development between institute and SMEs, which is due to the possibility of early commercialization of the technology development project. Fourth, the hypothesis about the relationship between the project selection and evaluation results and technology transfer success is not statistically supported.

• Journal of Technology Innovation
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• v.13 no.3
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• pp.131-151
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• 2005

Industrial Technology Development Program enables the recipient to set up technology infrastructure and to facilitate technology diffusion. In return, government charges royalty from the program recipient. However, the current royalty system is not in the effective form. This study analyzes the various aspects of royalty collection methods applied to the Industrial Technology Development Program and recommend the following: (1) employ the combination of fixed amount royalty and running royalty with predetermined portion of revenue generated, (2) adjust the royalty collection duration by applying product life cycle, and (3) devise new program to link extra-gain from royalty collection with commercialization and other means to increase the effectiveness of research and development activities.

• The Journal of the Korea Contents Association
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• v.12 no.9
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• pp.325-340
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• 2012

The present study, the technology commercialization through support of government enterprise incubator, incubator companies examined, and the support of the government in accordance with the technical competence necessary steps management performance steps, support conditions required were investigated. Government support of technology commercialization support business performance necessary steps to support the needs of the incubator companies and step conditions. Therefore, need funding and funding support, and the time and duration of the condition of the steps in the support business performance, the conduct of the government's support is the most needed step, showed a new growth engine projects of the application and selection screening, sector was.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.36 no.3
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• pp.126-132
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• 2013

In this paper, efficiencies of core technology development projects, conducted by Ministry of Trade, Industry and Energy, are compared. In the process, DEA (Data Envelopment Analysis) is utilized as a main technique for comparing efficiencies. For DEA, input oriented BCC Model is adopted with government grant, recipient expenditure, the number of participating institutions, and project duration as input factors, and the number of patents, the number of papers, and occurred sales as output factors. As a result, next generation mobile communication project turns out to be the most efficient project of all. Therefore, next generation mobile communication project should be benchmarked for the other projects to follow. However, these results should be used only for reference data since every project has a different objective and, of course, is run under a different environment.

• Journal of the Korean institute of surface engineering
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• v.42 no.5
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• pp.208-215
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• 2009

We employed atmospheric plasma to reactively remove the lubricant sprayed onto such industrial electronic parts as LCD chassis during sheet-metal forming processes and investigated basically the effect of plasma parameters on cleansing the surfaces of zinc-electroplated steel plates (EGI). Specimen prepared with some controlled amount of lubricant sprayed on their surfaces beforehand were subjected to two different kinds of atmospheric plasma, one being generated by using air and the other generated by using nitrogen (99.9% purity). Locating the plasma beams at the height range between 3.5 and 13.5 mm from the surface of each specimen and radiating for 5 to 30 seconds resulted out that the cases with a position of 3.5 mm and a duration of 5 seconds or longer showed the surfaces completely cleansed without a trace of lubricant. Furthermore we found out that the plasma generated by using simple air depicted higher cleansing ability than the other one generated by using expensive nitrogen, interestingly useful very much for industrial purposes. On another aspect, we confirmed that the drilled or cut surfaces of Zn-plated steel substrate would not be oxidized even under the influence of plasma during its cleansing process. Therefore, we could probably conclude from this fore-survey that a dry process adopting atmospheric plasma for cleansing industrial parts might be determined to become successful in terms of commercialization, cautiously.

• Applied Chemistry for Engineering
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• v.30 no.6
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• pp.687-693
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• 2019

As the hydrogen fuel cell market is expanded starting from hydrogen electric vehicle and power generation field, the demand for fuel cells and hydrogen increases recently. Therefore, research works on fuel cell durability and fuel efficiency are required in order to activate the fuel cell market and commercialization. A dead-ended anode system was used in this study to optimize the fuel cell performance and fuel efficiency. The effect of purge condition according to the applied current and hydrogen supply pressure on the fuel cell performance were evaluated. In addition, the influence of water back diffusion on the different electrolyte membrane thickness was analyzed. The accumulated water was purged with a solenoid valve in the case of 3% voltage decrease in the dead-ended anode system. The experiment was performed with the hydrogen supply pressure of 0.1~0.5 bar and purge duration of 0.1~1 second. A maximum fuel efficiency of 98.9% was achieved under the purge duration of 0.1 s and hydrogen supply pressure of 0.1 bar with a NR 211 (25.4 um) membrane. However, the fuel cell performance decreased in a long-term operation due to some frequent flooding. The fuel efficiency and purge interval increased due to decreased back diffusion rates of the water and nitrogen with a NR 212 (50.8 um) membrane.