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Success Factors for Transferring Technology to Spin-Off Applications: The Case of the Technology Property Rights Concession Program in Korea

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  • Choi, Younghoon
  • Lee, Jang-Jae

Abstract

This paper is a study of 127 firms participating in Korea's Technology Property Rights Concession Program, a program designed to stimulate technology transfer related to spin-off applications of public technology. The purpose is to identify the determinants of transfer success. The findings indicate that successful firms were motivated by the ability to access a core technology free of charge and to solve technical problems currently encountered in technology development. Second, the targeted technology was highly reliable. Third, interest in commercial success of the transfer was very high among the researchers involved in the transfer process and these researchers had a high degree of prior understanding about industrial problems on the part of participating firms. Relatedly, there was a very high satisfaction with the communication that existed between lab researchers and their industrial partners in the transfer process. Fourth, lab contributions to the transfer process were very high in the pre-commercial and commercial stages of technology development. Copyright 2000 by Kluwer Academic Publishers

Suggested Citation

  • Choi, Younghoon & Lee, Jang-Jae, 2000. "Success Factors for Transferring Technology to Spin-Off Applications: The Case of the Technology Property Rights Concession Program in Korea," The Journal of Technology Transfer, Springer, vol. 25(2), pages 237-246, June.
    • Handle: RePEc:kap:jtecht:v:25:y:2000:i:2:p:237-46
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    Cited by:

    1. Novotny Adam, 2014. "Motivation And Success Of Academic Spin-Offs: Evidence From Hungary," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 1212-1219, July.
    2. Elahe Seyed Kavousi, 2015. "Presenting a Suitable Model for Technology Transfer Process in the National Iranian Oil Industry," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(2), pages 151-159, April.
    3. Joon Hyung Cho & So Young Sohn, 0. "Competing risk model for predicting stabilization period of university spin-off ventures," International Entrepreneurship and Management Journal, Springer, vol. 0, pages 1-20.
    4. Mijung Jung & Yi-beck Lee & Heesang Lee, 2015. "Classifying and prioritizing the success and failure factors of technology commercialization of public R&D in South Korea: using classification tree analysis," The Journal of Technology Transfer, Springer, vol. 40(5), pages 877-898, October.
    5. Joon Hyung Cho & So Young Sohn, 2017. "Competing risk model for predicting stabilization period of university spin-off ventures," International Entrepreneurship and Management Journal, Springer, vol. 13(3), pages 777-796, September.

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