A Guideline for Technology Commercialisation in the 4IR Era

Joe Amadi-Echendu ()
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Joe Amadi-Echendu: University of Pretoria

A chapter in Entrepreneurship, Technology Commercialisation, and Innovation Policy in Africa, 2021, pp 153-168 from Springer

Abstract: Abstract In this era of the fourth industrial revolution with corresponding trends in globalisation and globalism, technology commercialisation encompasses the packaging of one or more ‘candidate’ technologies towards satisfying human needs and desires in a manner that not only creates greater wealth for individuals and businesses but also, leads to sustainable development of society at large. In this chapter, the discussion of technology commercialisation is premised on the wider ethos of value instead of the narrow emphasis on financial gain. Innovation index, the technology-application-product/service-market framework, and entrepreneurship are highlighted as theoretical and philosophical foundations for technology commercialisation. The discourse is drawn from empirical evidence extrapolated from published literature, experience from teaching, research and numerous practical exercises conducted by students, as well as coaching and mentoring of budding entrepreneurs. For both the novice and the experienced practitioner, the content of the chapter may be considered as a concise guideline on technology commercialisation.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-58240-1_7

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DOI: 10.1007/978-3-030-58240-1_7

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