Technology commercialization: a literature review of success factors and antecedents across different contexts

Markus A. Kirchberger () and Larissa Pohl
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Markus A. Kirchberger: Karlsruhe Institute of Technology
Larissa Pohl: Karlsruhe Institute of Technology

The Journal of Technology Transfer, 2016, vol. 41, issue 5, No 5, 1077-1112

Abstract: Abstract This paper provides a systematic review of the current literature on technology commercialization. It serves to establish a foundation for the following empirical and theoretical contributions. Technological inventions are fundamental for a country’s economic growth. However, in order to actually generate value for society and profits for the involved companies, these inventions need to be successfully transferred to the market. Therefore, newly developed technologies need to be integrated into products which sell. In particular, our study focuses on the different interaction channels through which technology commercialization occurs. We analyze main groups of institutions, which can either act as developers of technologies and/or organizations bringing these technologies to the market: Universities and research institutes, technology startups, and established companies. We propose a theoretical framework of possible interactions between these organizations and analyze the success factors within the respective channels. Based on the systematic review of 140 articles, key characteristics of the technology development organizations are analyzed with regard to the different possible channels available to commercialize their technology.

Keywords: Technology commercialization; Transfer channels; Success factors; Technology innovation (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (38)

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DOI: 10.1007/s10961-016-9486-3

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