Technology commercialization factors, frameworks and models

One of the most critical challenges that large companies, small enterprises and research institutes face, when commercializing their innovations, is the transfer process at the moment of scaling up. These organizations often transfer their innovation to either existing business units or create a new business entirely. The process of transferring innovations to an existing unit is known as corporate venture, while creating a new business is called spinoff. Both processes have been studied separately, but not yet together and from different business sectors and countries. In order to understand both processes, this article compares the commercialization of disruptive innovations from these sectors: electronics, information technology, telecommunications, engineering, healthcare, biotechnology or research equipment. The article used multiple case study methodology from commercialization projects carried out in large, small and medium-sized companies and research institutes based in Spain, Germany, UK and Finland. The findings showed that certain activities needed to be done at pre-transition /commercialization, transition/commercialization, and post-transition/commercialization phases to reach a successful transition. Furthermore, the study provides similarities between the corporate venture and spinoff approaches that include team formation, network development and getting the commitment from the company and stakeholders. Additionally, the article outlines divergences between the approaches which consist of innovation readiness, knowledge management or the activities of the post-transition phase. The article also provides insight for innovation scholars, commercialization practitioners, and business enterprises. Therefore, the article contributes to the commercialization of disruptive innovations.

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“…They did not focus on ordinary protection, but rather professional protection. [54] emphasized the need for it.…”

Section: B) Professional Protection Of Intellectual Propertymentioning

confidence: 99%

Commercialization Process of Disruptive Innovations in Corporate Ventures and Spinoff Companies: A Comparison

Cubero¹,

Segura²,

Gbadegeshin³

2020

Adv. sci. technol. eng. syst. j.

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“…Lean commercialization starts with "Evaluating new technology", which is common to most commercialization processes (for examples, see: Abd Rahim et al, Gbadegeshin 2015;Al Natsheh et al, 2014;Amadi-Echendu & John, 2008;Amadi-Echendu & Rasetlola, 2011;Bradley et al, 2013;Eldred & McGrath, 1997;Maine & Garnsey, 2007). This activity is expected to consist of an analysis of technical and market issues and intellectual property.…”

Section: Development Of the Lean Commercialization Frameworkmentioning

confidence: 99%

Lean Commercialization: A New Framework for Commercializing High Technologies

Gbadegeshin¹

2018

TIM Review

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“…Lean commercialization starts with "Evaluating new technology", which is common to most commercialization processes (for examples, see: Abd Rahim et al, Figure 4. The lean commercialization framework Lean Commercialization: A New Framework for Commercializing High Technologies Saheed A. Gbadegeshin 2015;Al Natsheh et al, 2014;Amadi-Echendu & John, 2008;Amadi-Echendu & Rasetlola, 2011;Bradley et al, 2013;Eldred & McGrath, 1997;Maine & Garnsey, 2007). This activity is expected to consist of an analysis of technical and market issues and intellectual property.…”

Section: Development Of the Lean Commercialization Frameworkmentioning

confidence: 99%

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2018

TIM Review

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Welcome to the September 2018 issue of the Technology Innovation Management Review. The authors in this issue share insights on repairing trust in R&D partnerships, the relationship between marketing needs and actions in entrepreneurial marketing, defining transnational entrepreneurship, assessing the impact of business intelligence on export performance, and applying the lean startup methodology to the commercialization process.

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Technology commercialization factors, frameworks and models

Cited by 16 publications

References 3 publications

Commercialization Process of Disruptive Innovations in Corporate Ventures and Spinoff Companies: A Comparison

Commercialization Process of Disruptive Innovations in Corporate Ventures and Spinoff Companies: A Comparison

Lean Commercialization: A New Framework for Commercializing High Technologies

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