Commercialisation of university patents

An Entrepreneurial University engages with industry through various knowledge transfer practices and seeks to commercialise its research. As universities become more entrepreneurial, there is a sharp increase in patenting by universities but only a small proportion of these patents were ever commercialised, which represents a significant waste of resources. The primary aim of this book is to identify the factors that promote and/or hinder patent exploitation, to assist in decisions of which inventions to patent. The study then uses qualitative methods incorporating a case study approach. The patent portfolio from the University of Strathclyde is used as the case study. This study finds that whether a patent is commercially exploited, and the way in which it is exploited is influenced by three main factors: (i)the inventors, their characteristics and motivations. (ii) the characteristics and nature of the technologies (scope, stage), and (iii) the TTOs resources and a due diligence system, or the lack of them.

Autorentext

Dr. Izaidin Abdul Majid is currently a senior lecturer in entrepreneurship at FPTT, Universiti Teknikal Malaysia Melaka. His research interests include entrepreneurship and new venture creation, innovation and growth in technology-based firms, technology commercialisation, entrepreneurial skills and behaviour.

Klappentext

An 'Entrepreneurial University' engages with industry through various knowledge transfer practices and seeks to commercialise its research. As universities become more entrepreneurial, there is a sharp increase in patenting by universities but only a small proportion of these patents were ever commercialised, which represents a significant waste of resources. The primary aim of this book is to identify the factors that promote and/or hinder patent exploitation, to assist in decisions of which inventions to patent. The study then uses qualitative methods incorporating a case study approach. The patent portfolio from the University of Strathclyde is used as the case study. This study finds that whether a patent is commercially exploited, and the way in which it is exploited is influenced by three main factors: (i)the inventors, their characteristics and motivations. (ii) the characteristics and nature of the technologies (scope, stage), and (iii) the TTOs' resources and a due diligence system, or the lack of them.