Handbook of Research on Techno-Entrepreneurship, Second Edition How Technology and Entrepreneurship are Shaping the Development of Industries and Companies
How Technology and Entrepreneurship are Shaping the Development of Industries and Companies
- Elgar original reference
Edited by François Thérin
Chapter 4: Capitalization of science and technology knowledge: practices, trends and impacts on techno-entrepreneurship
In this knowledge-based economy, competitiveness of countries is increasingly dependent on the creation and application of science and technology (S & T) knowledge. Such knowledge feeds innovation by finding its way into new products and processes. As a result, governments worldwide are seeking ways to generate economic impact from the research and development (R & D) carried out by their universities and laboratories. Knowledge and technology transfer is becoming increasingly important to close the gap between academic research and the commercialization of the results (Festel, 2013). Although the global science arena is currently dominated by historically powerful nations, such as the US, Japan and France, the influence of strong emergent players, such as China, India and Brazil is increasingly being felt (The Royal Society, 2011). Consequently, there is an effervescence of ënew and improvedí commercialization strategies and policies involving government laboratories, universities, intermediary organizations and the private sector, aiming to bridge the commercialization chasm. Reviewed in this chapter are various strategies and supporting mechanisms to capitalize on S & T knowledge and create wealth.
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