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A taxonomy of small firm technology commercialization

Author

Listed:
  • Dirk Libaers
  • Diana Hicks
  • Alan L. Porter

Abstract

This article proposes a taxonomy of business models used by small, highly innovative firms focused on technology commercialization. Such firms disproportionately contribute to technological change in the US economy. The firms operate across industries and use a variety of technology platforms. Exploratory factor analysis of keyword occurrence on firm websites generated a taxonomy comprising: research organization; development stage biosciences; highly specialized component supplier; specialized subcontractor; product solutions providers; and service solutions providers. This framework provides entrepreneurs and policy makers with an overview of new technology commercialization paths tailored to small, innovative firms.

Suggested Citation

  • Dirk Libaers & Diana Hicks & Alan L. Porter, 2016. "A taxonomy of small firm technology commercialization," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 25(3), pages 371-405.
    • Handle: RePEc:oup:indcch:v:25:y:2016:i:3:p:371-405.
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    File URL: http://hdl.handle.net/10.1093/icc/dtq039
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    Citations

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    Cited by:

    1. Gaizka Garechana & Rosa Río-Belver & Iñaki Bildosola & Marisela Rodríguez Salvador, 2017. "Effects of innovation management system standardization on firms: evidence from text mining annual reports," Scientometrics, Springer;Akadémiai Kiadó, vol. 111(3), pages 1987-1999, June.
    2. Munari, Federico & Toschi, Laura, 2014. "Running ahead in the nanotechnology gold rush. Strategic patenting in emerging technologies," Technological Forecasting and Social Change, Elsevier, vol. 83(C), pages 194-207.
    3. Cruciata, Pietro & Pulizzotto, Davide & Beaudry, Catherine, 2024. "First impressions on sustainable innovation matter: Using NLP to replicate B-lab environmental index by analyzing companies' homepages," Technological Forecasting and Social Change, Elsevier, vol. 205(C).
    4. Kalm, Matias, 2012. "The Impact of Networking on Firm Performance - Evidence from Small and Medium-Sized Firms in Emerging Technology Areas," Discussion Papers 1278, The Research Institute of the Finnish Economy.
    5. Bottai, Carlo & Crosato, Lisa & Domenech, Josep & Guerzoni, Marco & Liberati, Caterina, 2024. "Scraping innovativeness from corporate websites: Empirical evidence on Italian manufacturing SMEs," Technological Forecasting and Social Change, Elsevier, vol. 207(C).
    6. Libaers, Dirk & Meyer, Martin, 2011. "Highly innovative small technology firms, industrial clusters and firm internationalization," Research Policy, Elsevier, vol. 40(10), pages 1426-1437.
    7. Abdullah Gök & Alec Waterworth & Philip Shapira, 2015. "Use of web mining in studying innovation," Scientometrics, Springer;Akadémiai Kiadó, vol. 102(1), pages 653-671, January.
    8. Shakeel, Shah Rukh & Takala, Josu & Zhu, Lian-Dong, 2017. "Commercialization of renewable energy technologies: A ladder building approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 78(C), pages 855-867.
    9. Huynh Evertsen, Phuc & Rasmussen, Einar & Nenadic, Oleg, 2022. "Commercializing circular economy innovations: A taxonomy of academic spin-offs," Technological Forecasting and Social Change, Elsevier, vol. 185(C).
    10. Castelnovo, Paolo & Florio, Massimo & Forte, Stefano & Rossi, Lucio & Sirtori, Emanuela, 2018. "The economic impact of technological procurement for large-scale research infrastructures: Evidence from the Large Hadron Collider at CERN," Research Policy, Elsevier, vol. 47(9), pages 1853-1867.

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