Articles

Determinants of Corporate Commercialization of Public Technology Transfer: Evidence in Korea

JaeWoong Min, YoungJun Kim

Abstract

This study investigates the potential factors that might affect the successful commercialization of public technology transfer (TT), i.e., technology transfer from universities and public research institutions. We conduct an inductive and qualitative approach to identify the key organizational issues in promoting commercialization of public TT with the help of a unique survey data. The important explanatory factors relate to the researcher’s technology consultant service, R&D intensity of the company, and the prior experience of TT from the same institution. However, the TT productivity (i.e. royalty income/R&D expenditure) of the universities and public research institutions, and the engagement of technology transfer intermediary appear to be negative to successful commercialization.

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