Research and Technology Commercialization

23 Pages Posted: 21 Nov 2008

See all articles by Gideon Markman

Gideon Markman

Colorado State University, Fort Collins - College of Business

Donald S. Siegel

Arizona State University-School of Public Affairs

Mike Wright

Nottingham University Business School

Abstract

This paper introduces the special themed section on organizational interactions involving universities and firms that result in the commercialization of research and technology. Our objective is to shed light on some of the most vexing, yet under-researched predicaments research institutions encounter, despite their best efforts to advance commercialization. First, we synthesize and extend recent studies, including the papers in the special themed section. Next, we develop a taxonomy of modes of commercialization. Specifically, we consider internal approaches, quasi-internal approaches (e.g. incubators), university research parks, regional clusters, academic spin-offs and start-ups, licensing, contract research and consultancy, corporate venture capital, and open science and innovation. We also identify areas for further research at the individual (e.g. heterogeneity of entrepreneurial teams and experience; incentives), organizational and intra-university (e.g. corporate governance; nature of growth strategies; relationships with trading partners; boundary spanning activities) and technology levels (e.g. institutional context; reconfiguration of technology; valuation of technology).

Suggested Citation

Markman, Gideon and Siegel, Donald S. and Wright, Mike, Research and Technology Commercialization. Journal of Management Studies, Vol. 45, Issue 8, pp. 1401-1423, December 2008, Available at SSRN: https://ssrn.com/abstract=1303773 or http://dx.doi.org/10.1111/j.1467-6486.2008.00803.x

Gideon Markman (Contact Author)

Colorado State University, Fort Collins - College of Business ( email )

Fort Collins, CO 80523
United States

Donald S. Siegel

Arizona State University-School of Public Affairs ( email )

411 North Central
Phoenix, AZ 85004
United States
6024961101 (Phone)

Mike Wright

Nottingham University Business School ( email )

Jubilee Campus
Wollaton Road
Nottingham, NG8 1BB
United Kingdom
+44 115 951 5257 (Phone)
+44 115 951 5204 (Fax)

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