Spin-Off and Commercialization of University Researches

Abstract

This paper analyzes the university spin-off which is considered as a new solution to exploit and commercialize current university research. Since the function of universities is research and training, not production, their researches or inventions are often academic and fundamental in nature. The need to convert research results into machines or equipment that can be used in industrial production has created a spin-off enterprise in the university. A spin-off is one of the bases for commercializing research results of universities. With the method of analyzing and synthesizing results from related studies, the study provides recommendations for effective spin of development as a useful solution for improving the commercialization of research results in universities.