University spin-off: effective solution on technology transfer in AEC industry for intelligent city transformation

Abstract

The growing use of Building Information Modelling (BIM) has had a positive impact on the Architecture, Engineering, and Construction (AEC) projects' implementation since the past few decades. On top of it, the arrival of Industry 4.0 has made a significant breakthrough by promoting digitalisation in the industry through BIM. However, this industrial transformation requires a lot of attention on the technology innovation process from technology development to technology adoption, where most innovations came from research in universities involving many disciplines. Collaboration between spin-off company with industry players acts as a natural Technology Transfer (TT) process able to exploit the research project before it goes into actualisation. This paper discusses a new way of collaboration between university and industrial players in order to achieve high level of innovation to give positive impact to the economy and social. This paper focusing on initial university-industry set up on the development of intelligent cities in Malaysia by 2040 using TT spin-off process and stage-gate innovation process.