Commercialising research results in immature technology transfer markets: cases from the Greek experience

Irene Fafaliou (), Nikolaos E. Melanitis and Vassilios Tsakalos

International Journal of Entrepreneurship and Innovation Management, 2010, vol. 11, issue 2, 213-227

Abstract: Transnational technology transfer (TTT) is a key mechanism for the exploitation of technological innovation. This paper's aim is to investigate the development of TTT strategies in immature technology transfer (TT) markets as a key means to improve local technology and industrial potential. The paper detects obstacles in the TTT process in an immature TT market such as Greece and identifies schemes and mechanisms such as spin-off creation, start-up co-location, partnership building abroad, multisource fund raising and effective brokerage services that can contribute to the TT market growth and the effectiveness and success of TT agreements. The findings show that all these mechanisms include internationalisation as a main component and ultimately as their key success factor.

Keywords: immature markets; innovative entrepreneurship; spin-off firms; business start-ups; Greece; transnational technology transfer; TTT; technological innovation; partnerships; co-locations; multisource fund raising; brokerage services; internationalisation; R&D commercialisation; research and development; innovation management. (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijeima:v:11:y:2010:i:2:p:213-227

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