The Role and Impact of Universities in National Innovation Systems
- New Horizons in Entrepreneurship series
Edited by Poh Kam Wong
Chapter 11: University Technology Transfer and Commercialization: The Case of Multimedia University, Malaysia
11. University technology transfer and commercialization: the case of Multimedia University, Malaysia Ming-Yu Cheng* 11.1 INTRODUCTION Traditionally, teaching and learning are the two primary activities taking place in universities. As teaching and learning interaction continued, the demand for new knowledge intensified. This led to the pursuit of research to discover and acquire new knowledge. While upholding the basic roles of teaching and training, universities have mounted their emphasis on the importance of allocating time and resources to conduct research, especially basic research, in order to add to the knowledge stock of the universities. The nexus of teaching and research (T*R) matured and has become an established model for almost all universities ever since Wilhelm von Humboldt, founder of the University of Berlin, proposed the idea of unifying teaching and research as the base of the university in the early nineteenth century (Yusuf 2007). Following the development of the T*R nexus, there was also a growing concern that universities should do more than just conduct research; universities should also engage in practical activities that could benefit the economy and society more directly and explicitly. When government’s support for university research (especially in the form of funding) grew in size and became institutionalized into the university’s system, the linkage between university and socio-economic development was expected to intensify. Thus, policy makers have put an increasing emphasis on formulating policies to transfer the wealth of knowledge generated within the university to industry in order to benefit society and businesses more directly....
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