Universiti Teknologi Malaysia Institutional Repository

Universities innovation and technology commercialization challenges and solutions from the perspectives of Malaysian research universities

Amran, Rasli and Tan, Owee Kowang (2017) Universities innovation and technology commercialization challenges and solutions from the perspectives of Malaysian research universities. In: 3rd International Materials, Industrial and Manufacturing Engineering Conference, MIMEC 2017, 6 - 8 December 2017, Miri, Sarawak.

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Official URL: http://dx.doi.org/10.1063/1.5010674


The roles of universities in the context of a nation's shift towards sustainable competitive advantage have changed drastically recently. Universities are now expected to contribute to the creation of new knowledge-based industries, i.e. to support knowledge-based economic growth through the creation of industrially-relevant knowledge/innovation and their commercialization, and to attract global MNCs in new emerging industries; and foster entrepreneurial mindset to support the future knowledge economy where stable job opportunities are no longer guaranteed. As such, there is a need to inculcate the spirit of enterprise as compared to the past where high economic growth has provided graduates with good career prospects as salaried employees, particularly in MNC subsidiaries and the government. The shift requires a bigger role in supporting innovation and commercialization, i.e. to venture beyond its traditional function of teaching, research and publication by incorporating a technology commercialization role which will inevitably help the institution to improve its global ranking. However, there are many national and operational obstacles that impede the progression of research and development to commercialization and entrepreneurship. The main challenges include: (I) lack of connectivity between the industry and academia; (2) myopic perception of the market; (3) inability to evaluate viability from ideas to innovations and beyond; (4) lack of support for investment in new technologies, and (5) lack of positive culture among academic researchers. To overcome the aforementioned obstacles, priority in developing a complete commercialization ecosystem has become a national agenda for most emerging economies.

Item Type:Conference or Workshop Item (Paper)
Uncontrolled Keywords:technology commercialization, knowledge-based industries
Subjects:H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
ID Code:97249
Deposited By: Narimah Nawil
Deposited On:23 Sep 2022 12:31
Last Modified:23 Sep 2022 12:31

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