Determinant factors for commercialising research products in malaysian public universities

Abstract

Commercialisation of the research product has now become a critical issue and has been recognised as a source of wealth creation especially relevant for university in Malaysia. Although many initiatives and efforts have been put forward for commercialisation activities, however the rate of success is still less encouraging.Thus, the purpose of this paper is to review determinant factors for commercialising research products in the Malaysian public universities. For the purpose of the study, interviews were conducted with six academic researchers who have experienced in commercialising their research products successfully. Drawn from their insights and experiences, this study identified the most impactful factors with respect to facilities and supports from the university, competency of the academic researcher, innovative research product and a strong collaboration between university and industry. These factors are important elements for commercialisation of the research products and these factors intertwined with each other. These factors are significant for university, academic researchers and their industry partners to develop and plan strategically for an effective, strategic and sustainable in commercialising research products.