Towards Commercialization of University Research Outcomes: Comparative Theories

The commercialization of research by academic scientists is recognized as an important driving force for technology transfer and wealth creation. Due to the complexity of the process involved, the success of commercialization of inventions (innovations) from universities to industry is questionable. There is a paucity of general agreed commercialization in terms of execution processes to support inventions of prototypes and products moving from laboratories to the right market. This research aims to investigate the commercialization of research outcomes for IT products from the research centers to facilitate the commercialization objective. The analysis is carried out based on the comparative analysis based on different theories that underpinned technology commercialization. The analysis is expected to offer a research commercialization model and practical contribution for successful commercialization and licensing among academics.