• Journal of Korean Institute of Industrial Engineers
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• v.40 no.2
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• pp.240-249
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• 2014

This study aims to identify an assessment system based on multiple patent indices that can predict the likelihood of success in the commercialization of a patented technology in advance. In addition, we examine the effectiveness of our predictive model in identifying valuable technologies early on. We analyzed 3,063 secondary battery technologies patented in the US over the past 10 years. Our analysis identified 22 of the 25 most promising patented technologies, corresponding with the top 50% of industry-patented technologies that directly and indirectly succeeded in commercialization. These results support our claim that it is possible to identify attributes for the assessment of patent commercial potential to a significant degree. Our system presents a useful assessment index in the forecasting and determination of potential commercial success of patented technologies.

• Journal of Digital Convergence
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• v.17 no.10
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• pp.187-197
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• 2019

The purpose of this study is to analyze the capacities of innovation in the organization, and to examine the effects of corporate entrepreneurship, R&D capability, technology commercialization capacity and technology orientation. First, the research model and hypothesis were established based on the literature research and 153 questionnaires were distributed and collected among management office workers among manufacturing workers in Kyungbuk. The results of this study confirm that the corporate entrepreneurship positively affects R&D capacity and that R&D capacity has a positive effect on technology commercialization capacity. And we confirmed the significant moderating effect of technology orientation. However, there is no mediating effect of R&D capability on the relationship between corporate entrepreneurship and technology commercialization. These findings can provide guidelines for organizational management in the cultural aspect by identifying the effects of in-house entrepreneurship and technology orientation on cultivating the innovation capacity of management office at the organizational level.

• Journal of Appropriate Technology
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• v.7 no.2
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• pp.225-234
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• 2021

The purpose of this paper is to examine commercialization model of appropriate technology through the case of the Lao-Korea Science and Technology Center (LKSTC). LKSTC has developed washing, water treatment, and sterilization technology in the agrifood sector and three types of pico-hydro generator, Pico-solar hybrid system, and energy remote monitoring technology in the renewable energy sector. Commercialization of appropriate technology was successfully carried out through the establishment of Kaipan community business, school enterprises, and social enterprise. The policy implications are as follows. First, the commercialization of appropriate technology in developing countries should enhance the linkage with the regional development policies of the recipient countries. Second, in order to minimize market risk, innovative technology development and local startup networks should be properly established. Finally, the mid and long term efforts are needed to increase the sustainability of the business.

• Asian Journal of Innovation and Policy
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• v.3 no.1
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• pp.25-49
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• 2014

We wanted to show the different group dynamics of factors for success and failure cases for technology commercialization in small technology-based firms. Existing studies are based on product level, project level, division level or firm level. We deal with technology level, and at small-technology-based firms. This is a longitudinal case study based on 8 cases from Korea. Our study on technology level is a first trial in success and failure studies unlike all existing studies. As a first step, we introduced new categories and factors such as technology attributes and CEO reflecting data, and especially a new concept of launch readiness level. Finally, we adopted correspondence analysis to show the group dynamics. The results are as follows; Technology factors are the most important factors. Second, resource-based factors are more critical in failure cases than success cases and technology factors are more critical to success.

• Asian Journal of Innovation and Policy
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• v.12 no.2
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• pp.268-276
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• 2023

As the climate crisis intensifies, the need to improve the climate resilience of developing countries is ever increasing. Hence, the international community is seeking ways to effectively conduct climate technology transfer by linking the projects with financial mechanisms. However, commercialization of climate technology in developing countries is no easy feat as comprehensive knowledge on the target country is a prerequisite for seeking a suitable technology-financial linkage measure. Hence, in-depth discussions on effective climate technology and financial linkage measures have become an important global agenda, and South Korea, as a country with long experience in climate technology transfer, and a strong ecosystem for public climate technology, should step forward to take up a leading role. Against this backdrop, this paper proposes strategies and implementation measures for linking funds from the Multilateral Development Banks (MDB) with Korea's Public Climate Technology (PCT) by examining several key areas of R&D, international cooperation, and technology commercialization.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.46 no.3
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• pp.32-40
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• 2023

Recently, there are some outdoor floor advertising lighting devices as one of the active marketing methods. However, for outdoor use, there are many restrictions due to the Outdoor Advertisement Act, according to requiring high-output heat generation, waterproofing, and AC power, etc. The purpose of this study is to develop a Duo Light product optimized for indoor use through publicity and information guidance in normal times and automatic evacuation route guidance display in case of disaster, in conjunction with disaster safety. To that end, patent search and patent association analyses were conducted, and a comparative analysis with commercial products was conducted as a case study. In addition, prototypes were designed and produced through the review of operation principles, where field environment surveys and self-tests were conducted. Also, technology roadmaps were presented by preparing plans for expandability and advancement of products. For the analysis of technology commercialization, the feasibility of technology commercialization was examined through the analysis of Jolly's Model and Lean Canvas Model. The results of this study will be able to contribute to minimize human damage through the effective response to disasters, which can increase the effect of indoor advertising by using the proposed indoor floor advertising lighting device in advertising and disaster situations.

• Journal of Korean Society for Quality Management
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• v.42 no.3
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• pp.477-496
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• 2014

Purpose: This paper has examined the impact of open innovation business model in technology commercialization with the data from 30 companies of manufacturing firms in South Korea. Methods: The findings provide support for distinguishing five hypotheses relating to development time, IP management, sales, firm size and R&D intensity. To test the hypotheses, data were collected using via e-mail and fax. Small and medium-sized (less than 300 employees) and large industrial firms were chosen for this study. Results: The result shows that openness in its business model is positively associated with successful technology commercialization. Conclusion: The major findings and the implications are: First, as the business model gets more open, development period of technology will be more favorable which gets benefit from rising costs of innovation. Second, as the business model gets more open, large portion of sales are created from new products. Thus, the problem of shorter product life in the market which affects large portion of market revenue can be solved through an open business model. Third, in general, R&D intensity, firm size and the level of IP management affect determination of business model types. The findings also suggest that companies need to increasingly address their external technology exploitation process instead of focusing on their internal innovation processes.

• Journal of Navigation and Port Research
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• v.44 no.2
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• pp.79-87
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• 2020

In the field of logistics, the maritime shipping industry plays a critical role as the backbone of global trade activities. Nevertheless, previous studies on the commercialization and benefits of blockchain technology are limited in the field of marine logistics. Thus, the purpose of this study was to predict the benefit for each group involved in marine logistics when blockchain technology is applied. As such, 21 factors of benefits were selected for seven major logistics groups (financial institutions, freight forwarders, inland transportation, ocean carriers, port operators, port-related government authorities, and shippers) to study the benefit expected for each through the commercialization of blockchain technology. Based on the results, a different benefit level is expected for each group when blockchain technology is used. In order, ocean carriers (0.155), inland transportation (0.150), financial institutions (0.153), port operators (0.145), freight forwarders (0.142), port-related government authorities (0.129), and shippers (0.126) were found to benefit most from the use of blockchain technology. This study has industrial implications in that it presents the benefits expected when blockchain technology is realized and used in marine logistics by groups involved in logistics transactions.

• Journal of Korean Institute of Industrial Engineers
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• v.40 no.5
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• pp.462-476
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• 2014

The Korean government has been implementing diverse policies with programs to generate better outcomes and results of university-industry collaboration since 1990s. In this paper, we analyze the effect of universities' competency factors on the performance of technology commercialization and start-ups respectively. We employ multiple regression models using 154 data sets from university information posting system of the Korean Council for University Education. Through conducting statistical analyses with diverse data manipulations, we obtained a high degree of significance on hypotheses, and also could compare mutual differences between the effects of university competence on technology commercialization and start-ups. The technology transfer and commercialization specifically depends on professors' patent applications and technology holding company, while start-ups does professionals in industry-university cooperation. We suggest government to spur on the ongoing customization of university-industry collaboration policy, and university to properly cope with global atmosphere changing from ivory tower to academic capitalism and start-ups promotion.

• The Journal of Bigdata
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• v.6 no.2
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• pp.71-84
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• 2021

Since small and medium-sized enterprises fell short of the securement of technological competitiveness in the field of big data and artificial intelligence (AI) field-core technologies of the Fourth Industrial Revolution, it is important to strengthen the competitiveness of the overall industry through technology commercialization. In this study, we aimed to propose a priority related to technology transfer and commercialization for practical use of public research results. We utilized public research performance information, improving missing values of 6T classification by deep learning model with an ensemble method. Then, we conducted topic modeling to derive the converging fields of big data and AI. We classified the technology fields into four different segments in the technology portfolio based on technology activity and technology efficiency, estimating the potential of technology commercialization for those fields. We proposed a priority of technology commercialization for 10 detailed technology fields that require long-term investment. Through systematic analysis, active utilization of technology, and efficient technology transfer and commercialization can be promoted.