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Handbook of Research on Techno-Entrepreneurship

Edited by François Thérin

Techno-entrepreneurship is broadly defined as the entrepreneurial and intrapreneurial activities of both existing and nascent companies operating in technology-intensive environments. Boasting rich conceptual and empirical contributions by leading international specialists, this highly original Handbook will prove an invaluable tool in advancing our understanding of the theory and practice of research in this emerging area. The expert contributors initially explore the foundations of the field, clearly defining the parameters of techno-entrepreneurship.
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Chapter 4: S & T Commercialization Strategies and Practices

Diane A. Isabelle


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...

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