Commercializing Tool For Technology Based Product : A Case Study Of USM

Mohd Radzi, Azalan (2016) Commercializing Tool For Technology Based Product : A Case Study Of USM. Project Report. UTeM, Melaka, Malaysia. (Submitted)

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Abstract

There has been a sharp increase in patenting by universities. However, both the number and proportion of exploited patents is small. Patenting is considered waste of resources for some universities. Consequence of this matter is the universities were unable to benefit from the research carried out by their own staff. This study aim to identify various tools used and how effective each tool in commercializing technology based product in the universities. This, will involves exploring the researchers who plays an important role in the decision to patent and commercialize research result and take it forward for commercialization. By identifying various commercialization tools, it will assist researchers and technology transfer offices in deciding which inventions to patent and commercialize. The study uses qualitative methods incorporating a case study approach. The patented research product along with patent policy from the University Science of Malaysia is used in this case study. Interviews with five different researchers from different background of studies and two staff from Innovation and Commercialization Office were undertaken to understand the general process of patent and commercialization. The study found that whether a patent is commercially exploited, and way in which it is exploited is influenced by three factors: (i) the entrepreneurs and the inventors, their characteristics and motivations. (ii) the characteristics and nature of the technologies (scope, stage) (iii) the universities policy. The study concludes with guideline for other researchers to protect and exploit their research result in universities.

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