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A Guideline for Technology Commercialisation in the 4IR Era

In: Entrepreneurship, Technology Commercialisation, and Innovation Policy in Africa

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  • Joe Amadi-Echendu

    (University of Pretoria)

Abstract

In this era of the fourth industrial revolution with corresponding trends in globalisation and globalism, technology commercialisation encompasses the packaging of one or more ‘candidate’ technologies towards satisfying human needs and desires in a manner that not only creates greater wealth for individuals and businesses but also, leads to sustainable development of society at large. In this chapter, the discussion of technology commercialisation is premised on the wider ethos of value instead of the narrow emphasis on financial gain. Innovation index, the technology-application-product/service-market framework, and entrepreneurship are highlighted as theoretical and philosophical foundations for technology commercialisation. The discourse is drawn from empirical evidence extrapolated from published literature, experience from teaching, research and numerous practical exercises conducted by students, as well as coaching and mentoring of budding entrepreneurs. For both the novice and the experienced practitioner, the content of the chapter may be considered as a concise guideline on technology commercialisation.

Suggested Citation

  • Joe Amadi-Echendu, 2021. "A Guideline for Technology Commercialisation in the 4IR Era," Springer Books, in: Chux Daniels & Mafini Dosso & Joe Amadi-Echendu (ed.), Entrepreneurship, Technology Commercialisation, and Innovation Policy in Africa, pages 153-168, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-58240-1_7
    DOI: 10.1007/978-3-030-58240-1_7
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