Universities have specialized facilities and experts to support innovation system of a country. Despite the fact that these facilities are being properly utilized at the university level, there are several factors that influence university-led innovation, thus creation of intellectual properties. Some of the highly sought-after innovations are significantly profitable for number of universities. Given that the funding to universities are reducing globally, universities and policymakers would like to utilize these innovations to fund university activities. This study critically reviews the factors that determine the success in university-led IP commercialization to shed light on how the benefit from innovation can be achieved.

Values and competencies of the university researchers, and technology transfer officers strongly influence the commercialization process of the university-led intellectual property. Existing studies provide limited explanation as to how researchers' values and capability as entrepreneurs and as collaborating agent with other stakeholders may influence commercialization process. More studies need to be done to explain the dimensions of values and competency in the process of commercializing university intellectual property. Existing studies do not provide sufficient evidence about the relationship between values and competence. Studies on the role of values in intellectual property commercialization are almost non-existent. This study reviews the existing studies on values and competencies to explain the success and failure of commercialization in university-led intellectual properties.

<p>This paper evaluates the readiness of Malaysian academic university libraries towards Library 4.0. The rise of this new intervention of Web 4.0 and Library 4.0 are being deliberated among librarians for future services. Information technology facilities have been identified and analysed which may comprehend the use of libraries for the next generation. This will also help to move the library forward and improve the overall performance of university libraries respectively. The methodology used for this study is qualitative. This qualitative study was piloted among librarians working in the selected academic university libraries. This study gives an outline of the readiness among the selected academic university libraries towards Library 4.0<em></em></p>

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