Science commercialization

Outi-Maaria Palo-oja

Chapter 16 in Elgar Encyclopedia of Innovation Management, 2025, pp 54-56 from Edward Elgar Publishing

Abstract: Science commercialization combines research with its practical applications, and generates economic value by refining research-based knowledge into innovations that sometimes drive industrial change. It broadly covers all activities that increase the value of scientific knowledge, as measured by non-scientific metrics. Recently, the focus of science commercialization research has shifted to the societal impact of universities and research organizations, expanding the commercialization literature to include ecological and societal benefits alongside economic goals. This phenomenon can be studied from different perspectives by examining the activities of individuals, groups, organizations, and societies and their mutual relationships. Consequently, science commercialization offers innovation management a rich environment in which to study interactions between actors, the value creation of science-derived outputs, and the transformation of knowledge into products and services that markets and communities can evaluate and utilize.

Keywords: Science commercialization; Innovation management; Knowledge translation; Value creation; Societal impact (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035306442
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035306459.00023 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:22049_16

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Jack Sweeney ().