The Social Sciences
ISSN: Online 1993-6125ISSN: Print 1818-5800
Abstract
Within the context of knowledge economy, commercialisation of research product has become an important agenda both for the nation as well as the university. University as the center of innovation has been recognised as an important agent in cultivating economic growth of a nation. Similarly with the reduced dependency on the government funding, universities recognise commercialisation of research products as their source of income generation. While commercialisation has been considered significantly essential, important, however the activities of commercialising research product is still at an unsatisfactory level. One of the main hurdles in commercialisation of research product is the lack of collaboration between the university and the industry. Thus, this study aims to review existing literatures regarding the factors that facilitate the collaboration between university and industry in commercialising research product. For this purpose, 10 papers, retrieved primarily from Science Direct, ELSEVIER and Google scholar databases have been reviewed. It was found that broad range of interaction, mutual trust, government support, adequate funding, effective communication and good experiences are critical factors which help collaboration between university and industry. Hence, this study hopes to give valuable insight for university to plan their strategies in commercialising research product.
How to cite this article:
Zaini Syamimi, Ismail Norain and Sidek Safiah. Factors of Successful Collaboration in Commercialising Research Product between
University and Industry: A Review.
DOI: https://doi.org/10.36478/sscience.2017.633.638
URL: https://www.makhillpublications.co/view-article/1818-5800/sscience.2017.633.638