Requirements of Knowledge Commercialization in Universities and Academic Entrepreneurship
Knowledge as the main competitive advantage in the world economy has very important role in countries development. So it seems necessary for the universities, as the main institution of knowledge generation, to participate in national and regional economic development. compiling a proper pattern of academic entrepreneurship and commercial knowledge transfer becomes more evident if the need for income earning and knowledge commercialization for survival of the universities and existence of barriers to integral exploitation of universities’ intellectual properties are considered. In this paper we tried to provide a model for the commercialization of knowledge in universities. Regarding the commercial knowledge transfer methods of five top universities of the world according to the ranking of The Times Higher Education-QS 2007 (Harvard, Yale, Oxford, Cambridge and Imperial College London); this research is devoted to compiling a benchmarked pattern. The factors extracted from this pattern are then ranked according to experts’ viewpoints using analytic hierarchy process. According to the findings of this study “Adopting incentive policies in royalty sharing for faculties” is most important from the perspective of academic entrepreneurship and knowledge commercialization experts, and “Networking”, “financial support”, “creating the necessary structures” and “Faculty freedom” are placed in the next priorities, respectively.
Keywordsacademic entrepreneurship knowledge commercialization intellectual property spin offs license
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