Journal of Innovation in Business and Economics
Vol. 6 No. 02 (2022): Journal of Innovation in Business and Economics

Strengthening the process of commercialization of technology inventions

Bambang S. Pujantiyo (Departmen of Urban and regional planning, Faculty of Engineering, Universitas Sebelas Maret, Indonesia)



Article Info

Publish Date
14 Feb 2023

Abstract

The crucial factors for enhancing national competitiveness are the technology readiness of research institutions and the level of industry innovation. The triple helix principle of collaboration between academia, businesses, and government is imperative for successful commercialization of technological inventions. However, this process is not well-established in Indonesia, which necessitates strengthening it to support national competitiveness. This study seeks to reinforce the commercialization process, following Randal Gold Smith's theory, which involves investigation, validation, and commercialization stages. The focus is on strengthening the validation stage, specifically through business model, production, market, and price tests.

Copyrights © 2022






Journal Info

Abbrev

jibe

Publisher

Subject

Economics, Econometrics & Finance

Description

The Journal of Innovation in Business and Economics (JIBE) is published by the Department of Economics and Business at University of Muhammadiyah Malang in 2017. Previously this journal was known as Jurnal Media Ekonomi that was initially published in 2000. In 2011 until 2016, this journal was ...