Determinants of R&D Commercialization by SMEs after Technology Transfer

  • Song, Minkyoung (University of Science and Technology) ;
  • Park, Ji-One (Korea Research Institute of Chemical Technology) ;
  • Park, Beom Soo (University of Science and Technology, Electronics and Telecommunication Research Institute)
  • Received : 2017.02.06
  • Accepted : 2017.04.14
  • Published : 2017.04.28


This study aims to analyze the factors that could influence business decisions of in the commercialization of R&D when technology is transferred from government research institutes (GRIs) to small and medium-sized enterprises (SMEs). We examine 353 such cases of technology transfer. The dependent variable is whether the licensee had the intention of following up with R&D after the technology has been transferred. The independent variables, classified into ex-ante factors and ex-post factors, consist of the involvement of SMEs into GRI R&D, technology readiness level, relatedness to existing technologies, and contribution to sales revenue and level-up of existing technologies. The results of the study show that the contribution to existing technologies has a positive impact on R&D commercialization. However, unlike our expectation, contribution to sales revenue, the involvement of SMEs into GRI R&D, technology readiness level, the relatedness to existing technologies of the technology transferred have no impact on follow-up R&D.


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