Commercialization Success Factors of University Research Output

Abstract

The significance of university research had been obtaining a new concentration during the past few decades particularly, regarding their capacity to generate innovation and start-up companies. Universities are not only responsible for teaching and R&D activities but they are expected to commercialize the research result and also establish spin-off companies. This study attempts to illustrate the crucial factors that assist the commercialization process of university research result. This paper reveals that the success of university commercialization is influenced by several factors including researchers’ perception, time, entrepreneurial team, networking, technology stage, funding, market research and TTO.