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Paper 27: Technopreneurship as a Strategic Mechanism for Commercializing University-created Technologies

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Higher education institution (HEI) is no longer just a social institution for educating high school graduates, advancing knowledge, and improving skills of human resources. Currently, the HEI is also expected to conduct research and develop technology for directly contributing to economic development. In doing so, in many developed countries, HEI is allowed to create spin-off companies or to receive royalty from its developed technologies which are used by business enterprises for commercial purposes.

Commercialization of technology (and expertise) has become part of HEI activities in developed countries. However, in many developing countries, faculty members and university administrators are still reluctant to involve in commercialization activities …

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