Chapter 4: S & T Commercialization Strategies and Practices
4 S&T commercialization strategies and practices Dianne I. Isabelle1 Reviewed in this section are various S&T commercialization strategies and supporting mechanisms, primarily within the North American context. The goal is to explore such strategies, their evolution and trends. International practices and insights are cursorily covered. North American Strategies and Practices of Laboratories and Universities Governments worldwide are seeking ways to generate economic impact from the R&D carried out by their universities and laboratories. There is an eﬀervescence of ‘new and improved’ commercialization strategies involving government laboratories, universities, intermediary organizations and the private sector, aiming at bridging the commercialization chasm. The numerous conferences, recent international comparative studies, benchmarking and the like attest to this priority. Although universities have traditionally seen their roles to be in research and teaching, they are now taking on a third role in terms of the commercialization of research ﬁndings, becoming even more important contributors to regional and national economies. Creation of new technology-based ﬁrms (NTBFs) Wherever you see a successful business, someone once made a courageous decision. (Peter Drucker) New technology-based ﬁrms can be spin-outs from public research, large ﬁrms or created ex nihilo. They account for between 1 per cent and 3 per cent of all ﬁrms. Although the use of NTBFs to commercialize technology is not new, Canadian institutions, as in the US, generally give priority to licensing their technologies (Association of University Technology Managers, 2002). A line of reasoning further emphasized by DC Technologies Ltd. (2004) is that it...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.