Citation:
[Journal:] Journal of Open Innovation: Technology, Market, and Complexity [ISSN:] 2199-8531 [Volume:] 5 [Issue:] 4 [Publisher:] MDPI [Place:] Basel [Year:] 2019 [Pages:] 1-22
Abstract:
The University technology transfer (UTT) process is hindered by various barriers to achieving a successful translation of innovative technologies from universities to industries and other partners. Identifying these various barriers and understanding their interrelationships would provide a better understanding of the complex nature of the UTT process, which may be considered as inputs to crucial decision-making initiatives. This paper addresses this gap by holistically determining UTT barriers and their intertwined relationships. Using the Delphi method and fuzzy cognitive mapping, a case study in a state university in the Philippines was conducted to carry out this objective. The Delphi process extracts 24 relevant barriers of UTT, out of 46 barriers obtained from a comprehensive review of the extant literature. The results show that misalignment between research and commercialization objectives is the barrier that was influenced most by the other barriers. In contrast, high costs of managing joint research projects in terms of time and money and institutional bureaucracy have the highest out-degree measures or are the barriers that influence other barriers the most. These findings provide guidelines to various stakeholders and decision-makers in understanding the existence of barriers in the formulation of strategies and initiatives for a successful UTT process.