Many precedent studies have focused on technology transfer of public research institutions and universities(PRI&U). However as the paradigm is shifting to entrepreneur universities, they are pushed to contribute themselves more actively for economic growth. To activate technology innovation eco-syst...
Many precedent studies have focused on technology transfer of public research institutions and universities(PRI&U). However as the paradigm is shifting to entrepreneur universities, they are pushed to contribute themselves more actively for economic growth. To activate technology innovation eco-system, public technology should be transferred to private companies and then properly utilized for commercialization success.
This thesis investigates the potential factors that might affect the successful corporate commercialization in public technology transfer (PTT), i.e. technology transfer from PRI&U to private companies. There are few precedent studies about commercialization of PTT because it is hard to acquire dataset from private companies and PRI&Us. Even some studies did but they have limitation of small sample size, specific PRI&U, and just focusing on capability of the company.
This empirical analyses are done with the help of unique data sets prepared by the Korean government agency. 1,087 licensed contracts between 29 PRI&Us and private companies were collected which are including commercialization status, intermediaries's involvement, and receiver's absorptive capabilities.
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. Additional exploratory study revealed that in science-based industry researcher's additional support and partnership affect commercialization in contrast with non-science based industry. In addition to that, when the receiver licensed in for the purpose of ensuring the right of technology, technology intermediaries' involvement have positive effect to commercialization.
This thesis also investigates the potential factors that might affect the technology transfer of PRI&U with using complete enumeration survey result of 275 PRI&Us. The important explanatory factors relate to non-monetary incentive for researchers, the number of full-time equivalent personnel in TLO, average working experience of TLO members and the amount of industry-sponsored research. Additional exploratory study revealed that the successful factors are different between PRIs and universities. Monetary&non-monetary incentive and institution's commitment & interest about TT have positive effect on TT of PRI, in contrast TLO-related factors which including the number of TLO members, working experience, TLO independence in terms of finance on universities.
In conclusion, I draw several policy implications regarding PTT practices in Korea which include government R&D investment strategy for more collaboration between PRI&Us and private companies, evolution model of public TLO, the conversion of government's participation methods in the technology transfer market, and diversification of TT intermediaries' business model. Most of them, government effort for the interlink between TT and commercialization success is the most important for the circulation system of technology innovation, and that's the key message of this thesis.
Many precedent studies have focused on technology transfer of public research institutions and universities(PRI&U). However as the paradigm is shifting to entrepreneur universities, they are pushed to contribute themselves more actively for economic growth. To activate technology innovation eco-system, public technology should be transferred to private companies and then properly utilized for commercialization success.
This thesis investigates the potential factors that might affect the successful corporate commercialization in public technology transfer (PTT), i.e. technology transfer from PRI&U to private companies. There are few precedent studies about commercialization of PTT because it is hard to acquire dataset from private companies and PRI&Us. Even some studies did but they have limitation of small sample size, specific PRI&U, and just focusing on capability of the company.
This empirical analyses are done with the help of unique data sets prepared by the Korean government agency. 1,087 licensed contracts between 29 PRI&Us and private companies were collected which are including commercialization status, intermediaries's involvement, and receiver's absorptive capabilities.
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. Additional exploratory study revealed that in science-based industry researcher's additional support and partnership affect commercialization in contrast with non-science based industry. In addition to that, when the receiver licensed in for the purpose of ensuring the right of technology, technology intermediaries' involvement have positive effect to commercialization.
This thesis also investigates the potential factors that might affect the technology transfer of PRI&U with using complete enumeration survey result of 275 PRI&Us. The important explanatory factors relate to non-monetary incentive for researchers, the number of full-time equivalent personnel in TLO, average working experience of TLO members and the amount of industry-sponsored research. Additional exploratory study revealed that the successful factors are different between PRIs and universities. Monetary&non-monetary incentive and institution's commitment & interest about TT have positive effect on TT of PRI, in contrast TLO-related factors which including the number of TLO members, working experience, TLO independence in terms of finance on universities.
In conclusion, I draw several policy implications regarding PTT practices in Korea which include government R&D investment strategy for more collaboration between PRI&Us and private companies, evolution model of public TLO, the conversion of government's participation methods in the technology transfer market, and diversification of TT intermediaries' business model. Most of them, government effort for the interlink between TT and commercialization success is the most important for the circulation system of technology innovation, and that's the key message of this thesis.
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