Commercialization strategies for a university research project : putting theory into practice
Myers, Alexander (2021)
Pro gradu -tutkielma
2021
School of Business and Management, Kauppatieteet
Kaikki oikeudet pidätetään.
Julkaisun pysyvä osoite on
http://urn.fi/URN:NBN:fi-fe2021090645245
http://urn.fi/URN:NBN:fi-fe2021090645245
Tiivistelmä
Academic entrepreneurship is the collection of activities that lead to the commercialization of technology developed at a university. In addition to the global challenges of new venture formation, academic entrepreneurs must grapple with the additional technical uncertainty. In addition, academic entrepreneurs usually come from a technical background and thus do not necessarily know how to develop the business elements of the commercialization process.
This study examines a university research commercialization project from the Lappeenranta University of Technology. Documents generated by the project were analysed qualitatively to reversal the strategies, activities and tools that academic entrepreneurs utilize in order to advance the commercialization of their technology. The researcher (who was also a project team member) engaged in action research, yielding an iterative process wherein conclusions from the literature were introduced into the project, modified based on the input of project stakeholders, and ultimately implemented.
The academic contribution of this study is to show how the theory of entrepreneurship can be translated into the practice of entrepreneurship. The study also contributes to the practice of entrepreneurship by developing a generalized strategy for entrepreneurship that can be implemented by entrepreneurs.
This study examines a university research commercialization project from the Lappeenranta University of Technology. Documents generated by the project were analysed qualitatively to reversal the strategies, activities and tools that academic entrepreneurs utilize in order to advance the commercialization of their technology. The researcher (who was also a project team member) engaged in action research, yielding an iterative process wherein conclusions from the literature were introduced into the project, modified based on the input of project stakeholders, and ultimately implemented.
The academic contribution of this study is to show how the theory of entrepreneurship can be translated into the practice of entrepreneurship. The study also contributes to the practice of entrepreneurship by developing a generalized strategy for entrepreneurship that can be implemented by entrepreneurs.