Technological Entrepreneurship Framework for University Commercialization of Information Technology

Amboala, Tamrin; Richardson, Joan

doi:10.28945/3516

Cited by 5 publications

(5 citation statements)

References 33 publications

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“…The commercialization process requires technological know-how skills that university inventors rarely possessskills related to developing product concepts, designing products and processes, and production or manufacturing (Amboala & Richardson, 2016;Scillitoe & Chakrabarti, 2005). Technology business incubation facilitates the commercialization process by shortening the commercialization learning curve for faculty members.…”

Section: Facilitating the Commercialization Processmentioning

confidence: 99%

Stimulating Academic Entrepreneurship through Technology Business Incubation: Lessons for the Incoming Sponsoring University

Lyken-Segosebe

Mogotsi

Kenewang

et al. 2020

IJHE

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Universities facilitate academic entrepreneurship or their ‘third mission’ by making available supporting mechanisms such as science and technology parks, incubators, and entrepreneurship programs. Botswana’s STEM University seeks to develop a technology park in which it will commercialize the research and intellectual property developed by its faculty members, students, research centers and the country’s private sector through incubation and other processes. As a business support process, technology business incubation nurtures start-up companies and mitigates the risk of their early failure. In this enabling environment, start-ups can concentrate on technology transfer and later “hatch” or leave the incubator financially viable and self-sustaining. Pursuing academic entrepreneurship and the university-model of technology business incubation present benefits for the country, the local community and the university in terms of economic development, economic diversification, job creation, technology development, viable firms, successful products, and the enhancement of university income and prestige. However, university and faculty culture, and the extent of faculty members’ knowledge and skills in entrepreneurship and social capital may temper this potential. Utilizing a narrative review of the literature, this paper sought to identify critical issues a newly-participating university should be aware of as it seeks to adopt the university-model of business incubation to facilitate its transformation from a primary focus on its traditional research and teaching missions to one also based on the formal commercialization activities characterizing academic entrepreneurship. The paper informs on approaches the university may adopt to encourage academic entrepreneurship among its faculty members.

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Section: Facilitating the Commercialization Processmentioning

confidence: 99%

Stimulating Academic Entrepreneurship through Technology Business Incubation: Lessons for the Incoming Sponsoring University

Lyken-Segosebe

Mogotsi

Kenewang

et al. 2020

IJHE

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“…According to Amboala and Richardson (2016), research commercialization success is dependent on the fund availability and utilization. An institution's commitment to innovation demands having the right infrastructure, human resources, and collaboration network.…”

Section: Funding and Ict Infrastructurementioning

confidence: 99%

The Penta Helix Model of Innovation in Oman: An HEI Perspective

Halibas¹,

Sibayan

Maata

2017

IJIKM

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Aim/PurposeCountries today strategically pursue regional development and economic diversification to compete in the world market. Higher Education Institutions (HEIs) are at the crux of this political strategy. The paper reviews how HEIs can propel regional socio-economic growth and development by way of research innovation and entrepreneurship. BackgroundOffering an academic perspective about the role of HEIs using the Penta Helix innovation network for business and social innovation, the paper discusses opportunities and challenges in gestating an innovation culture. It likewise seeks, identifies and details strategies and workable programs. Methodology Best-practice innovation campaigns initiated by Omani HEIs in collaboration with capstone programs organized by the government were parsed from selected local and international literature. The study includes a causal analysis of innovation information contained in 40 out of 44 published OAAA Quality Audit reports about HEIs from 2009 to 2016. The best-practice programs serve as success indicators and will be used as a field metric effect a Penta Helix blueprint for innovation. ContributionThe paper discusses how HEIs can engender, nurture, drive, and sustain innovation and entrepreneurial activity by using an innovation strategic blueprint like the Penta Helix model. It gathers together the recent historical attempts at promoting innovation by HEIs. It likewise suggests the creation of a network channel to allow key players in the innovation network to share innovation information and to collaborate with each other. Furthermore, it contributes to the development of innovation culture in HEIs. FindingsExpectations run high in academia. For one, universities believe that all innovations embryonically begin within their halls. Universities-too-believe it is naturally incumbent on them to stimulate and advance innovation despite that mostThe Penta Helix Model of Innovation in Oman: An HEI Perspective 160 innovation programs are initiated by the government in Oman. HEI engagement is perceivably still weak. HEIs have yet to come out as a strong leading force in promoting systems of innovation. There is clear awareness of the need to adopt leading-edge practices in innovation strategy and management, curriculum and assessment, staff support and reward systems, funding and ICT infrastructure, research commercialization and IP management, and community engagement. Recommendations for PractitionersThere is need to conduct more in-depth analyses about the synergy and partnerships between key players of the Penta Helix model. A large-scale survey will help completely reveal the status and impact of innovation practices in the region and among HEIs. Recommendation for ResearchersThere is need to conduct more in-depth analyses about the synergy and partnerships between key players of the Penta Helix model. A large-scale survey will help completely reveal the status and impact of innovation practices in the region and among HEIs. Impact on Society The paper hopes to ...

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“…Creativity in technology can create an effective and efficient ideas (Rubin, 2015), while innovation is the implementation of creativity. So that innovation in technology can be directly related to problem solving through thinking, applying and creating technology (Amboala & Richardson, 2016).…”

Section: A Entrepreneurship and It (Information Technologymentioning

confidence: 99%

“…Innovation and creativity are the foundation of technological knowledge (Amboala & Richardson, 2016) and they cannot be separated at all. According to research conducted by Miller et al, where as many as 80% of respondents choose an innovation strategy that must be in line with technological aspects.…”

Section: A Entrepreneurship and It (Information Technologymentioning

confidence: 99%

Technopreneurship and IT-preneurship in vocational education perspective: Perspective theory

Sakti

Yetti

Wulansari

2020

JPTK

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This study aimed to examine a descriptive review of technopreneurship and IT-preneurship viewed from an aspect of vocational education perspective. Descriptively, this research will provide an overview of the technopreneurship and IT-preneurship that must be possessed by vocational tertiary institutions. Technopreneurship and IT-preneurship is one part of entrepreneurship based on technology. The world of vocational education is obliged to produce generations who not only have an entrepreneurial spirit, but also have a spirit of technopreneurship and IT-preneurship. Communicating important technology in developing entrepreneurial spirit is a challenge for the world of vocational education. This article is a conceptual paper related to publish publications related to the themes in this article and this article discusses the concepts of technopreneurship and IT preneurship in the perspective of vocational education and also enhances entrepreneurship development in the world of vocational education.

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Technological Entrepreneurship Framework for University Commercialization of Information Technology

Cited by 5 publications

References 33 publications

Stimulating Academic Entrepreneurship through Technology Business Incubation: Lessons for the Incoming Sponsoring University

Stimulating Academic Entrepreneurship through Technology Business Incubation: Lessons for the Incoming Sponsoring University

The Penta Helix Model of Innovation in Oman: An HEI Perspective

Technopreneurship and IT-preneurship in vocational education perspective: Perspective theory

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