UNIVERSITY INTELLECTUAL PROPERTY COMMERCIALIZATION: A CRITICAL REVIEW OF LITERATURE

Sabri Mohamad Sharif, Amiruddin Ahamat, Mariam Miri Abdullah, Juhaini Jabar, Muhammed Hariri Bakri
2018 The Turkish Online Journal of Design Art and Communication  
Universities have specialized facilities and experts to support innovation system of a country. Despite the fact that these facilities are being properly utilized at the university level, there are several factors that influence university-led innovation, thus creation of intellectual properties. Some of the highly sought-after innovations are significantly profitable for number of universities. Given that the funding to universities are reducing globally, universities and policymakers would
more » ... licymakers would like to utilize these innovations to fund university activities. This study critically reviews the factors that determine the success in university-led IP commercialization to shed light on how the benefit from innovation can be achieved. This paper critically reviews existing studies on commercialization process of intellectual property in universities, the factors influencing the process, and the scope and role of values and competencies in achieving the commercialization process. Siegel et al. (2004) Commercialization starts with university researchers with productive ideas and ends with a shared ownership control between researchers and other stakeholders. Submit Date
doi:10.7456/1080sse/124 fatcat:njxj5wa6lnd7xjefx6indvrl2u