Developing Successful Commercialisation Model Through Technology Transfer - Assessing its Validity and Reliability by Using Structural Equation Modelling

Abstract

The aim of this research is to develop and validate a suitable structural model for commercialisation of successful innovations/ideas/methodology from Research & Development organisations (R&D) through technology transfer process. The survey data was extracted from 231 responses out of 310 target participants. A structured questionnaire containing 60 questions designed based on literature survey. The factor structure and preliminary model are evaluated through Exploratory Factor Analysis. The first order and higher order Confirmatory Factor Analysis (CFA) models are evolved by estimating coefficients, covariance matrix, variances and performance indices. Structural Equation Modelling (SEM) is employed to develop and assess validity and reliability of the structural model. The results implied that developed structural model has achieved required level of metrics like Cronbach’s alpha above 0.7, composite reliability (CR) greater than 0.7 and Average Variance Extraction (AVE) below 0.5. Hence, the developed model achieved internal reliability & Composite reliability without any convergent validity issue and it can be implemented in R&D organisations and industries for successful commercialisation.