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Cultivating technology transfer intermediaries in Korea

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Frame of Image ating technology commercialization, hasn’t been working effectively, not only because of the
characteristics intrinsic to technologies, but also because of the failures of governmental policy and programs. Arora et al.(2001) explains the reason we should care about the markets for technology. First, markets for technology promote the diffusion and efficient use of existing technology, and can enhance the rate of technological advances by providing additional incentives to invest in R&D. Second, technology markets are also a precondition for the existence of specialized technology suppliers operating in a vertical market.3) Specialization and division of labor is a powerful determinant of industry and economic growth. Third, markets for technology may expand the strategy space: a firm can choose to license-in external technologies instead of developing them in-house. Similarly, a firm can choose to license-out its technology to others instead of, or in addition to, investing in the downstream assets needed to manufacture and commercialize the end-product.4)
1) R&D productivity is defined as R&D outcome divided by R&D budget. 2) A market for technology simply refers to a market for licensed intellectual property(IP). 3) In vertical markets, specialized firms do not compete.
When it comes to public-to-private technology transfer, the role of technology markets becomes more essential for transferring public research to the industrial sector.5) Although recently the public researc


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Title Cultivating technology transfer intermediaries in Korea
Similar Titles
Material Type Reports
Author(English)

Park, Jong-Bok

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2010
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 15(no. 4)
Pages 15
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Science/Technology
Holding KDI School of Public Policy and Management

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