Introduction to Technology Financing, Technology Management, and Commercialization

Jarunee Wonglimpiyarat
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Jarunee Wonglimpiyarat: Thammasat University

Chapter 1 in Technology Financing and Commercialization, 2015, pp 19-49 from Palgrave Macmillan

Abstract: Abstract This chapter provides an overview of technology financing and some important concepts related to technology commercialization. This chapter is organized as follows. Section 1.1 discusses the importance of technology financing with a focus on its relation to the high-tech industry. Section 1.2 reviews the concepts of technology and innovation management, generations of innovation models, and technology strategies. Section 1.3 deals with the process of technology commercialization. It also discusses the groups of customers in the marketing of high-technology products and the difficulties in crossing the chasm (that is, a move from the early adoption stage of technology to a mass market). In Section 1.4, the concept of national innovation system (NIS) is introduced to aid in the understanding of the role of institutional settings in supporting the production, diffusion, and exploitation of knowledge and innovations. This section also addresses the innovation-financing policies required for effective commercialization. Section 1.5 discusses various studies on the life cycles related to innovation management, the degree of technological change, and the concept of disruptive technology in the process of technological change. Section 1.6 discusses the Triple Helix model for competitive innovation systems and the role of clusters in facilitating innovation.

Keywords: Innovation Life Cycle; National Innovation System; Technology Commercialization; Venture Capital Financing; Disruptive Technology (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-47062-1_3

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DOI: 10.1057/9781137470621_3

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