Factors Influencing Technology Transfer in Companies at Emerging Economies

Dubickis, Mikus; Gaile-Sarkane, Elīna

doi:10.1177/09717218211005615

Cited by 8 publications

(5 citation statements)

References 67 publications

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“…Furthermore, companies in various industries can improve competitiveness and financial performance through open innovation [89,90]. In addition, it has been confirmed that open innovation can improve not only the delivery of technological innovation in companies but also the development of creative business models and entry into overseas markets [91,92]. Through open innovation, companies can overcome entry barriers, secure supply chains, and reduce uncertainty and sales costs through risk sharing [93].…”

Section: Discussionmentioning

confidence: 98%

How Can Funding Drive Firm’s Performance in the In Vitro Diagnostics Industry?

Kim

Shin

et al. 2022

Journal of Open Innovation: Technology, Market, and Complexity

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Due to the increased need for the efficient use of public funds and the importance of private investment, there have been many studies on the effects of these factors on corporate performance. However, few studies have been conducted based on an integrated perspective. In addition, most studies have investigated cases in leading countries and have rarely studied latecomer countries. Therefore, this study investigated the step-by-step effects of government support on firm performance (innovation performance, venture capital (hereafter VC) investment, and financial performance) based on the data on in vitro diagnostic (hereafter IVD) firms in Korea. In particular, we demonstrate the sequential effects of these variables with a time lag. The results of the panel regression analysis indicate that government R&D support improved the innovation performance of IVD firms, but this increased innovation performance did not attract VC investment. Meanwhile, VC investment has a positive impact on a firm’s financial performance. These findings have policy implications and suggest that government support plays a pivotal role in a company’s innovation performance, and thus continuous investment is required. However, innovation performance negatively affects short-term financial performance, and thus technology commercialization should be supported.

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Section: Discussionmentioning

confidence: 98%

How Can Funding Drive Firm’s Performance in the In Vitro Diagnostics Industry?

Kim

Shin

et al. 2022

Journal of Open Innovation: Technology, Market, and Complexity

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“…Therefore, the replication dynamic equation W(x) of the Xiaomi Company is: (8) Similarly, the replication dynamic equation W(y) of academic and research institutions is:…”

Section: B Model Solutionmentioning

confidence: 99%

“…However, some enterprises may encounter phenomena such as "do not want to, dare not, do not know how to" conduct green innovation activities against the background of the digital economy. The development of China's digital economy in recent years has indeed promoted the annual growth of the contract transaction volume of green technologies [8]. Although the total amount of green technology achievements' transformation and transfer is rapidly increasing, China's conversion rate is still relatively low [9].…”

Section: Introductionmentioning

confidence: 99%

Research on Technology Transfer Strategy of Digital Economy Enabling Green Innovation System

Song,

Yu,

Zhao

et al. 2024

Pol. J. Environ. Stud.

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The transfer of technology in the green innovation system is a process that promotes the delivery of environmentally friendly technologies from developers to users. However, under the background of the digital economy, conducting green innovation cooperation to promote technology transfer is an important issue facing the high-quality development of the green innovation system. This paper, based on the construction of the mechanism for technology transfer in the green innovation system empowered by the digital economy and based on the principles of bounded rationality and profit maximization, uses evolutionary game theory to analyze the relationships of technology transfer among multiple entities within Xiaomi Technology Co., Ltd.'s green innovation ecosystem and to explore the impact and strategic choice of sharing willingness intensity on technology transfer between innovative entities. The research results show that: (1) In green innovation activities, various innovative entities (such as research institutions, universities, enterprises, etc.) and technology transfer carriers (such as innovation platforms, innovation ecosystems, policies, etc.) play important roles. Through the empowerment of the digital economy, the enthusiasm of these entities and carriers can be fully mobilized to promote the development of the green innovation system. (2) Under the influence of businesses' pursuit of maximum profit strategies, there is a negative correlation between the intensity of sharing willingness and cooperation time among businesses within the green innovation ecosystem. By adjusting the threshold intensity of sharing willingness, it was found that the trust crisis in technology transfer could be postponed. (3) There is a positive correlation between the intensity of sharing willingness and the time of collaborative cooperation between businesses and academic research institutions within the green innovation system. By enhancing the threshold intensity of sharing willingness, the evolution of technology transfer will show an increasing trend over time. This study promotes the development of green innovation activities from the perspective of knowledge sharing in collaborative innovation

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“…M&As allow these companies to diversify their technological portfolio a lot faster than their internal development [44]. Mikus et al [45] also argued that companies can pursue their own R&D projects, but there are occasions when they do not have the knowledge and the technology which they need. The fact that the acquisition of new knowledge and technology from external parties was proven to be a more efficient approach also supports this transition [45].…”

Section: Open Innovation In the Medical Device Industrymentioning

confidence: 99%

“…Mikus et al [45] also argued that companies can pursue their own R&D projects, but there are occasions when they do not have the knowledge and the technology which they need. The fact that the acquisition of new knowledge and technology from external parties was proven to be a more efficient approach also supports this transition [45]. This change in their innovation strategy is tightly related to the current challenges which they are faced with: the pressure to both improve efficiency and reduce costs in an effort to cope with the ever more competitive market environment [43].…”

Section: Open Innovation In the Medical Device Industrymentioning

confidence: 99%

What Are the Success Factors for a Partnership with Global Medical Device Companies? Evidence from Korea

Kim

Ryu

Shin

et al. 2021

Journal of Open Innovation: Technology, Market, and Complexity

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The medical device industry is uniquely characterized by both resourceful global companies and innovative catching-up companies. The studies by Chatterji have analyzed how large and established medical device companies could better utilize the ideas from innovative groups such as physicians. While the existing literature on the topic of open innovation is enriched, there are few studies on the partnership between larger global medical device companies and smaller catching-up medical device companies. This study focuses on a structured partnership with global medical device companies. To understand how such a deal could be better arranged, this study adopted the Analytic Hierarchy Process (hereafter, AHP) analysis to derive the success factors of such partnership with a focus on the case of the Korean medical device industry. This survey interviewed 30 experienced professionals who currently work for global medical device companies. The study results found that global medical device companies prefer a licensing deal along with broader territories. In terms of the preferred requirements for a partnership deal, the study revealed that there is strong emphasis on factors such as Quality and Intellectual Property (hereafter, IP) protection. This study has practical managerial implications for catching-up medical device companies which drive an open innovation practice with a view to accelerating their growth trajectory in the global market.

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Factors Influencing Technology Transfer in Companies at Emerging Economies

Cited by 8 publications

References 67 publications

How Can Funding Drive Firm’s Performance in the In Vitro Diagnostics Industry?

How Can Funding Drive Firm’s Performance in the In Vitro Diagnostics Industry?

Research on Technology Transfer Strategy of Digital Economy Enabling Green Innovation System

What Are the Success Factors for a Partnership with Global Medical Device Companies? Evidence from Korea

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