Article,
Commercialization of research: a case study of Australian universities
Higher Education Research & Development, 23 (2): 223--236 (May 2004)
DOI: 10.1080/0729436042000206672
Abstract
Research commercialization is a crucial aspect of technological innovation and is a complex socio‐economic and technological process. This paper explores the commercialization of university research, drawing on an empirical study of the development of research commercialization by Australian universities. The study addresses three main research questions: (i) What are the recent major policy changes affecting the commercialization of university research in Australia? (ii) How much have Australian universities done in research commercialization over the past few years? (iii) What are the key barriers to the achievement of higher levels of commercialization in university research? The findings of this study show that there are two fundamental issues that universities have to address: (i) adequate financial support from governments, industries, and other stakeholders; and (ii) effective innovation management with academic entrepreneurship. Because the issues and problems covered in this study are common to many countries, the study has international applications and provides policymakers and practitioners with valuable information to assist them in the development of organizational strategies in the commercialization of innovative university research.
