Does the potential for developing new technology lead to successful technology transfer commercialisation? The case of public R&D outputs in Korea

Abstract

This study examines the influence of major variables representing a firm's potential for developing new technology, such as an affiliation with a business group, possession of an independent R&D organisation, and technological capabilities, on technology transfer commercialisation. We selected firms that had signed contracts of technology transfer with a public research institution performing R&D and technology transfer in the field of information and communication technology as a sample. An event history analysis was carried out to predict the likelihood of successful commercialisation of the transferred technologies. Statistical results indicate that an affiliation with a large-scale business group and possession of an independent R&D organisation both had negative effects on the success of technology transfer commercialisation.

Differentiating knowledge transfer and technology transfer

“…Unlike KT, TT often occurs through technology transfer offices (Boh et al, 2016), science parks and technology incubators (Diez-Vial and Montoro-Sanchez, 2016), venture capital industry initiatives (Colombo et al, 2016), subsidies and financing mechanisms (Audretsch et al, 2016) and multinational corporation activities (Yoon and Han, 2017). For instance, in Malaysia, TT takes place through the Malaysian Technical Development Corporation (MTDC), a technology incubator of a public university that has links with the industry to exploit research results for commercialization.…”

Technology Transfer, Anthropotechnology and Sustainable Development: How Do the Themes Relate?

“…The technology transfer terminology has several definitions, according to Table 1. Reddy and Zhao (1990) Transfer of know-how between two organizations Souder, Nashar and Padmanabhan (1990) Management process of transfer from one part to another Winebrake (1992) Process in which technology, information and/or knowledge, developed in an organization, by a specific institution, guided by the parties' objectives, is applied and used in another organization Buratti and Penco (2001) Unidirectional process, which goes from a donor to a recipient, in which the receiving company receives a technology (hardware or physical product) that it has not developed through contracts, patents, licenses and other modes Rogers et al (2001) Process of moving technological innovations, through some transfer mechanism channel, from an individual or organization to another Günsel (2015) Flow of technology from one organization to another, which can be between companies, universities, and organizations, from one country to another Yoon and Han (2017) The transfer of a technology developed by a specific group or institution, to another group or institution, and may refer to the commercialization of technologies, comprising the movement of tangible and intangible assets Ismail, Hamzah and Bebenroth (2018) Process of distributing technologies from their place of origin to more people and places, being influenced by the characteristics of the information Source: Authors (2021)…”

Technological capabilities and internationalization of high‐tech ventures: The moderating role of strategic orientations

“…However, focusing too heavily on internal capabilities in pursuing business opportunities overseas may limit the potential for foreign sales. A problem that technological pioneers often face is that the market may not catch up with the speed of their technological development (Clydesdale, 2010; Yoon & Han, 2017). Another problem comes from the opposite situation.…”