Fostering Entrepreneurship among Academia: A Study of Vietnamese Scientist Commercialization

Abstract

Commercialization of scientists’ inventions greatly contributes to the development of a country, yet the success ratio of this process is very low. Besides, research results on commercialization in developed countries are not readily applicable to Vietnam where the market institution has not been well functioning. This research examines the commercialization of scientists’ inventions in Vietnam (hereafter, scientist commercialization). The objectives are to identify factors that influence Vietnamese scientist commercialization. Drawing on networking, leadership, and motivation theories and data from a sample of scientists working at the Vietnam Academy of Science and Technology, the study shows that access to research funding, networking with businesses, leaders’ experience, and pecuniary and prosocial motivation are positively related to commercialization. The results shed light on the theoretical development of commercialization in developing countries. The research also discusses practical implications for promoting scientist commercialization in Vietnam.

“If you sow goodness, you will reap goodness”: activating social entrepreneurial intentions with karmic beliefs

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“…However, corroboration emphasizes the university's third mission, which has not seen a deterioration in fundamental research (Siegel and Wright, 2015a). Van Nguyen et al (2018) also echo that an emphasis on commercialization and academic entrepreneurship actually supports basic research, and primarily the profits are plowed back. To put into context, technology-market matching refers to the process of implementing research results to practices, whereas technology-market matching relating to financial exchanges is defined as commercialization (Nguyen et al, 2018).…”

Bridging Academic Entrepreneurship and the World of Work? Perspectives from Contemporary Educator

“…However, corroboration emphasizes the university's third mission, which has not seen a deterioration in fundamental research (Siegel and Wright, 2015a). Van Nguyen et al (2018) also echo that an emphasis on commercialization and academic entrepreneurship actually supports basic research, and primarily the profits are plowed back. To put into context, technology-market matching refers to the process of implementing research results to practices, whereas technology-market matching relating to financial exchanges is defined as commercialization (Nguyen et al, 2018).…”