Bringing Technology to Market: a Macro View of Technology Transfer and Commercialization

Abstract

In the past decade, a number of diverse factors converged to propel the issue of technology commercialization and the role of innovation in stimulating economic growth to the forefront of attention in both industry and academe. Universities, in partnership with industry, are playing an increasingly important role in the innovation and commercialization process. This article, which is written in chapter format, examines at a macro level the issues related to technology commercialization, the issue of complexity, the commercialization process, and the challenges associated with commercialization of technology.