Indian Journal of Science and Technology

Abstract

Objectives: Up to now, many studies on commercialization of R&D output (Research and Development output) (technology) have been conducted. The present study tried to identify the influencing factors in ICT industry and analyzed the relationship of those factors. Methods/Statistical Analysis: To answer two research questions, this study was carried out with the researchers in the research institutes of ICT private firms, which take 75% of total R&D investment in Korea: first, “Is there a hierarchical structure among influencing factors over the success or failure in commercialization of R&D output?” and second, “Do internal and external factors of a company affect the success of commercialization of R&D output?”. Findings: The results of this research demonstrated (i) that internal and external factors of a company play moderating role between business feasibility of R&D output and the success of commercialization and (ii) that external factors of a company have a greater moderating effect than internal factors of a company. Improvements/Applications: When the internal and external factors of a company were sub-divided, it was found that the ability to use technology, supporting system for commercialization, financial status but executives will and interest among the internal factors of a company and macro-economic situations and government’s policy support but legal/institutional arrangement among the external factors of a company affect the success/failure of commercialization of R&D output.
Keywords: Commercialization, Influential Variables (Factors) of Technology Transfer and Commercialization, R&D Output, Technology Commercialization, Technology Transfer, Technology Valuation